Ten key steps electronics industry and e-commerce sector want from Budget

Venkatesha Babu, deputy editor of Business Today identifies ten steps Budget 2015-16 should focus on in IT, electronics and e-commerce sector.

1. More clarity on the government's Rs 10,000-crore start-up fund announced last year.
2. Action on Digital India, Make in India and Smart Cities programmes.
3. Friendlier tax system for start-ups so that they don't move abroad.
4. Service and corporate tax relief to home-grown accelerators.
5. Exemption of tax on angel investments done by Indians (currently provided to foreign investors only).
6. Clarity on indirect tax issues for e-commerce firms.
7. Provide taxes and incentives for equipment imported for R&D.
8. Correct inverted duty structure anomalies.
9. Promote fabless ecosystem.
10. Provide preferential market access for domestic production.