The e-verification mechanism proposed by Finance Minister Nirmala Sitharaman is an enabling one for both start-ups and angel investors.

This, coupled with the exclusion of start-ups and investors who file requisite declarations from tax scrutiny, is an uplifting step taken by the government. The 'requisite declaration' clause, though, requires a closer inspection.

In any case, the overall development looks extremely optimistic for the Indian start-up ecosystem.

(The writer is Founder, Quatrro and Co-Founder, Indian Angel Network. The views expressed are personal)

--IANS kr