Union Finance Minister Arun Jaitley in his Budget for 2018-19 said the government’s policy think-tank NITI Aayog would start a national programme to direct efforts in artificial intelligence, including research and development of its applications. He also highlighted the Start-Up India programme and a venture capital industry-focused taxation regime. He said the government would take additional measures to strengthen the environment for their growth and successful operation of alternative investment funds (AIF) in India. He said that the government would evolve a separate policy for hybrid instruments – convertible bonds, preferred stocks, equity swaps and structured notes – to attract foreign investment in startups and venture capital funds.
The finance minister also spoke of a working group in his ministry examining the policy and institutional development measures needed for creating the right environment for fintech companies to grow in India.
A series of other proposals announced by Finance Minister Arun Jaitley in his Budget have generated considerable interest within the startup community. The details are eagerly awaited before assessing the real impact of these overtures. However there are contentious issues like angel tax which he did not touch. Jaitley’s speech includes the creation of a new regulatory regime for angel investors, five lakh Wi-Fi hotspots in rural areas, a national programme for artificial intelligence, and hybrid instruments to attract venture capital investment. 500,000 Wi-Fi hotspots in rural areas would help expand digital connectivity, facilitating the growth of a host of internet-enabled services including e-commerce, online education, healthtech and others.
Denne historien er fra February 2018-utgaven av Indian Economy & Market.
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Denne historien er fra February 2018-utgaven av Indian Economy & Market.
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NEW INVESTMENT PRODUCT CATEGORY IS SEBI'S LATEST MOVE COMMENDABLE?
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DECODING THE CHINA MYTH
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With a rising number of millennials, Gen Z investors, and tech-savvy traditional investors, Robo advisors are making a significant impact on the FinTech and WealthTech sectors. Factors like growing per capita income, favourable demographics, and increasing smartphone and internet Usage further enhance India’s potential as a robust market. Al’s role in stock market analysis is unquestionably growing. It enhances rather than replaces human judgment, providing powerful tools for informed investment decisions.
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Face to Face
\"We believe ourselves to be service providers and not any goods manufacturer\"
THE REALITY OF CORPORATE ESG INITIATIVES
Today, environmental, social, and governance (ESG) considerations dominate business discussions and have become an integral part of the strategies of many organisations in different industries. While some companies are grappling with these new standards and commitments, others, already aligned with the Sustainable Development Goals (SDGs), are well prepared to meet the evolving regulations and standards related to corporate social responsibility (CSR) and ESG.
Standard Capital Markets Ltd. Incorporates Subsidiary for Insurance Broking
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THE IMMINENT MIDDLE EAST WAR
Recent intelligence from a variety of sources points to an Israeli war against Hezbollah, which is an Iranian proxy. Hezbollah is systematically attacking Israeli bases, radars, intelligence-collections facilities and other defense system components. Now the attacks are spreading to include Israeli settlements in the West Bank and Galilee. You’re just not hearing about it in the mainstream media. These attacks have three effects: They break down Israeli military and intelligence systems, terrorize the civilian population and handicap Israel’s ability to conduct air attacks on Syria or Lebanon. James Rickards points out why all these are imminent.
