The Indian government has abolished the angel tax, introduced in 2012 to prevent black money through unlisted company shares, to support the startup ecosystem. Finance Minister Nirmala Sitharaman’s announcement in the Union Budget 2024-25 will provide relief to startups seeking to make a significant impact in the competitive Indian economy. Angel tax Indian investors were … Read more
The Government has initiated steps to increase the nuclear power capacity from 7480 MW to 22480 MW by 2031-32, Union Minister Dr Jitendra Singh said yesterday. The annual electricity generation from nuclear power plants has increased from 35334 Million Units (including infirm) in 2013-14 to 46982 Million Units (including infirm) in 2022-23. The installed nuclear … Read more
Dunzo, the cash-strapped instant grocery app, has announced in a written email that it will pay 12% annual interest to its employees on their deferred salaries. The company aims to clear all outstanding dues by September 4, as reported by Moneycontrol. Facing legal and financial challenges, Dunzo is taking steps to ensure its employees are … Read more
The Confederation of Indian Industry (CII) and MIT Art, Design, and Technology University in Pune, India, have signed a Memorandum of Understanding (MoU), marking a key milestone. On Wednesday, July 5, 2023, the ceremony was held at MIT’s Art, Design, and Technology University. The Memorandum of Understanding between CII and MIT’s art and technology universities … Read more