In a significant relief for angel investors and a boost to early-stage investments in startups, the government has decided to abolish the controversial angel tax. This tax, levied on funding raised by startups and unlisted companies if their valuation exceeds the company’s fair market value, has been a longstanding demand of industry associations and investment…
In a significant move to bolster the agricultural sector, the Government of India is set to launch the ‘Agri Fund for Start-Ups & Rural Enterprises’ (AgriSURE). This initiative, aimed at supporting start-ups and agripreneurs, was announced during the pre-launch stakeholder meeting at NABARD Headquarters in Mumbai. The AgriSURE fund, valued at Rs 750 crore, will…
As the new BJP government under Chief Minister Mohan Majhi takes the reins in Odisha, a fresh approach to economic development is imperative. One of the most promising avenues for achieving this is through fostering a robust startup ecosystem. The dynamics of startups in Odisha, coupled with the state’s supportive policies, present a unique opportunity…
