The fintech industry, which has been caught between increased scrutiny from the Reserve Bank of India (RBI) and a harsh funding winter, is looking ahead to Budget 2025 with hope.
The industry is looking for a favorable tax framework for startups, as well as exemptions and incentives to reduce their capital costs.
Stakeholders Business Standard spoke to said they expected better clarity on guidelines from regulators like the RBI, Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority of India (Irdai), among others.
Fintech players have called for a reduction in the tax levied on