New Delhi: In further respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more year. To incentivise startups, the government had last year extended the eligibility for claiming tax holidays for startups by a year to March 31, 2022. It had […]
Hyderabad: The Centre for Innovation & Entrepreneurship (CIE) of IIIT Hyderabad has been selected for the Startup India Seed Fund Scheme by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. A total of Rs 5 crore was sanctioned to the incubator by the Experts Advisory Committee (EAC) after evaluating IIIT-H […]
The committee will evaluate and select incubators for allotment of funds under the scheme, monitor progress and take all necessary measures for efficient utilisation of funds.
The policy, which is under discussion, also stated that actions and things which cannot be done by the online platform entities "can also not be done" by any of its associates and related parties.
With this, these states have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs 5,034 crore through Open Market Borrowings.
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra also said that they are working to further reduce compliance burden for industry.
