News & Media 23rd Jul 2024
In a major respite for India’s fledgling startups, Union Finance Minister , presenting the Union Budget in Parliament on July 23, announced scrapping the contentious Angel Tax on foreign investments received by such enterprises, a development that should ease the financing woes of startups, following what they call a funding winter in the past year.
For expert insights, The Hindu speaks to our Partner Rahul Charkha in the article, “Union Budget 2024: Nirmala Sitharaman scraps Angel Tax on foreign investments amid startup funding winter”.
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