This landmark decision not only aims to turbocharge innovation and entrepreneurship but also promises to streamline funding avenues crucial for the country’s burgeoning startup ecosystem.
Angel tax, first introduced in 2012 by former Finance Minister Pranab Mukherjee, was initially intended to curb money laundering through investments in startups and to prevent the proliferation of shell companies. However, over the years, it became a contentious issue, criticised for its adverse impact on genuine startups seeking early-stage funding. The tax levied on investments exceeding the fair market value of shares issued by unlisted companies often deterred angel investors, thereby impeding the growth of startups reliant on such funding.
この記事は The Business Guardian の July 24, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Business Guardian の July 24, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Odisha startup launches autonomous drone service
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ITI Ltd gets orders worth Rs 4,559 cr
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Trump presidency set to benefit India due to US-China rivalry: Moody's Ratings
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Supreme Court Issued Notice To Delhi Tree Authority And Officers: What Procedure Followed In Tree Felling?
The Supreme Court in the case MC Mehta versus The Union Of India And Ors observed and has issued notice to the Tree Authority and the Tree Officers who are being appointed under the Delhi Preservation of Trees Act, 1994, in a petition filed seeking to prevent the Delhi government in order to permit tree felling under the Act without prior permission from the court.
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The bench comprising of Chief Justice of India DY Chandrachud, Justice JB Pardiwala and Justice Manoj Misra was hearing the present matter.
Delhi High Court: Cannot Approve MCD Not Paying Wages, Retiral Benefits To Its Employees; If They Default Must Suffer Interest
The Delhi High Court in the case Municipal Corporation of Delhi Versus Bijender Singh observed and has stated that it can never be an approver to the Municipal Corporation of Delhi, MCD for not paying wages or retiral benefits to its employees.
Delhi High Court To Centre: Take Policy Decision On Guidelines For Foreigners With Criminal Cases And Expired Indian Visas
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