Will it revive economy?

A series of measures was announced by the Finance Ministry that includes rollback of enhanced super-rich tax on foreign and domestic equity investors, exemption of start-ups from ‘angel tax’, a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks, in efforts to boost economic growth from a five-year low. Continue Reading

Govt frees startups from angel tax on funds raised in the last 7 yrs

The government has exempted startups from “angel tax” on funds they have raised from investors in the last up to seven years after representations by many business groups in recent times on the matter. Continue Reading