BUSINESS
AIFs get clarity and parity on longstanding asks
Alternate Investment Funds were tied down by lack of clarity on tax treatment of their gains. The industry wanted regulatory clarity on their operations and parity with foreign investors. They got both.
BUSINESS
Startups and VCs cheer the 'Reform and Rationalize' Budget
Budget 2024-25: With this move PM Modi is being hailed as the 'Startup PM of India'. These changes will fuel startup fundraising and ensure that startups lead the charge.
BUSINESS
FM's clarion call to 'Focus on the outcome, not the outlay' and the challenge of access to capital
Private sector innovation in sunrise sectors will be greatly facilitated by allowing them greater access to grants. Private sector research requires long term patient capital. Funding models such as permanent capital vehicles have been established globally. Innovation ecosystems require such frameworks in order to be able to invest resources
BUSINESS
Internationalisation of Indian equities through GIFT IFSC could be a gamechanger
A long-standing ask of Indian startups and companies wishing to tap global pools of capital has been accomplished by allowing them to offer their securities on permissible international exchanges in GIFT IFSC. This internationalisation of Indian equities also solves two complaints global investors had: interface with tax authorities, and currency conversion friction
BUSINESS
Playbook for handling Angel Tax and Section 68 tax notices
With Angel Tax and Section 68 tax notices becoming a headache for startups and investors, here are extracts of a playbook that attempts to give a better understanding of the issue
BUSINESS
Budget 2023: Startups fear angel tax provisions will repel foreign investors
Grappling with a funding winter, startups worry that the angel tax on foreign investors will aggravate their problems
BUSINESS
Budget 2023 must lower barriers that chase out startups from India
Budget 2023: The lack of policy penetration, legacy artefacts in Indian regulations and restrictions on operations are pushing Indian innovation overseas
