A new Bengaluru wave of first-generation science and tech billionaires is quietly changing the grammar of giving. It’s a shift that’s mirroring the nation’s expanding aspirations.
What has given entrepreneurs and engineers the impetus is the collective realisation that India cannot be solely dependent on other countries for drone technology.
Simplify compliance. Repair regulatory logjams. Provide transparent and equitable access to credit. Above all, change the culture—to one that celebrates effort.
As Piyush Goyal, Minister of Commerce and Industry, calls out startups for focusing on food and grocery delivery, founders say it's because the govt takes a toll on their functioning.
In 2023, the number of patents granted rose to 300 from 156 in 2022. More than 370 startups have emerged from its incubation cell since 2013, with market valuation of Rs 47,000 cr.
Fresh investments are coming with endless conditions. And the players are changing their operational style to meet efficiency. They must survive and show profits.
The day will conclude with announcement of equity-free grants worth over Rs 30 lakh awarded to startups with the best pitches as decided by the jury panel.
‘Angel tax’, introduced in 2012 in an attempt to prevent money laundering, referred to the tax imposed on excess capital raised over fair market value.
If this step even partially achieves its desired results, there will be so much dislocation in the country’s economic structure as to prove a national calamity, advocate AG Mulgaokar wrote in 1969.
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
There will be political opposition to this.