![In a strategic move to enhance India’s startup ecosystem, Finance Minister Nirmala Sitharaman announced the abolition of the angel tax on July 23, 2024. The Indian government has abolished the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, which was introduced in 2012 to target investments in unlisted companies.](https://entrepreneurtales.in/wp-content/uploads/2024/07/download.jpeg)
In a strategic move to enhance India’s startup ecosystem, Finance Minister Nirmala Sitharaman announced the abolition of the angel tax on July 23, 2024.
Summary: In a bid to enhance the startup ecosystem and promote innovation in India, Finance Minister Nirmala Sitharaman announced the removal of the angel tax. The angel tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act, imposed a tax on premiums paid by investors above the fair market value of shares in…
![A global Microsoft outage affected users across various sectors, including banks, airlines, and media broadcasters, on Friday. Global Microsoft Outage Hits Banks, Airlines, and Broadcasters](https://entrepreneurtales.in/wp-content/uploads/2024/07/Untitled-design-5-600x400.png)
A global Microsoft outage affected users across various sectors, including banks, airlines, and media broadcasters, on Friday.
A global Microsoft outage affected users across various sectors, including banks, airlines, and media broadcasters, on Friday. The disruption, occurring just hours after Microsoft began addressing an issue with its Microsoft 365 apps and services, led to widespread reports of service failures. Despite Microsoft’s updates suggesting improvements, outages continued globally. In Australia, major banks, airlines,…
![Top 10 Technology Startups in India Top 10 Technology Startups in India](https://entrepreneurtales.in/wp-content/uploads/2024/07/project-600x400.png)
Top 10 Technology Startups in India
Discover the top 10 technology startups revolutionizing India’s business landscape. Explore innovative solutions, disruptive technologies, and success stories driving India’s startup ecosystem forward. India has emerged as a vibrant hub for technology startups, showcasing innovation and disruption across various sectors. From e-commerce to fintech, healthcare to agritech, these startups are reshaping industries and pushing boundaries….
![Top 10 Angel Investor Networks in India Top 10 Angel Investor Networks in India](https://entrepreneurtales.in/wp-content/uploads/2024/07/Top-10-Angel-Investor-Networks-in-India-600x400.png)
Top 10 Angel Investor Networks in India
Discover India’s top 10 angel investor networks empowering startups nationwide. Explore key networks fostering innovation and growth in the Indian entrepreneurial ecosystem. In recent years, India has emerged as a hotbed of entrepreneurial activity, with startups spanning diverse sectors from technology to healthcare and beyond. Fueling this growth are angel investors, individuals who provide capital…
![Top 10 Venture Capital Firms in India Top 10 Venture Capital Firms in India](https://entrepreneurtales.in/wp-content/uploads/2024/07/Startup-Weekend-Series-2025-600x400.png)
Top 10 Venture Capital Firms in India
Discover the top 10 venture capital firms in India with our comprehensive guide. Learn about leading investors, their focus areas, and success stories shaping the Indian startup ecosystem. Venture capital (VC) firms play a pivotal role in fueling innovation and supporting the growth of startups across various sectors in India. These firms provide crucial funding,…
![Top 10 Mutual Fund Companies in India Top 10 Mutual Fund Companies in India](https://entrepreneurtales.in/wp-content/uploads/2024/07/Top-10-Mutual-Fund-Companies-in-India-600x400.png)
Top 10 Mutual Fund Companies in India
Explore the top 10 mutual fund companies in India, featuring expert insights on performance, reliability, and investment options. Choose wisely for your financial goals.Investing in mutual funds has become increasingly popular in India, offering investors a diversified and professionally managed approach to wealth creation. With numerous mutual fund companies vying for attention, it’s crucial to…
![Top 10 Apparel Brands in India Top 10 Apparel Brands in India](https://entrepreneurtales.in/wp-content/uploads/2024/07/Top-10-Apparel-Brands-in-India-600x400.png)
Top 10 Apparel Brands in India
Discover the top 10 apparel brands in India, featuring iconic names known for their quality and style. Explore the latest trends and popular choices in Indian fashion. India, a land of diverse cultures and rich heritage, has emerged as a global hub for fashion and apparel. From traditional craftsmanship to cutting-edge designs, Indian apparel brands…
![Top 10 Consumer Electronics Brands in India Technology and Its Impact on Consumer Behavior](https://entrepreneurtales.in/wp-content/uploads/2024/07/Technology-and-Its-Impact-on-Consumer-Behavior-1-600x400.png)
Top 10 Consumer Electronics Brands in India
Discover the top 10 consumer electronics brands in India, offering innovative gadgets and cutting-edge technology. Explore our comprehensive list and find the best electronics brands trusted by Indian consumers. India’s consumer electronics market is vibrant and diverse, offering a plethora of brands that cater to the tech-savvy population. From smartphones to home appliances, these brands…
![Top 10 Manufacturing Companies in India Top 10 Manufacturing Companies in India](https://entrepreneurtales.in/wp-content/uploads/2024/07/Liceria-Co-1-600x400.png)
Top 10 Manufacturing Companies in India
Discover the top 10 manufacturing companies in India known for their innovation, quality, and contributions to the economy. Explore leading firms across various industries, including automotive, electronics, and pharmaceuticals, and learn about their impact and success stories. India’s manufacturing sector is a crucial part of its economy, contributing significantly to its GDP and employment. The…
![Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024. Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024.](https://entrepreneurtales.in/wp-content/uploads/2024/07/Untitled-design-4-600x400.png)
Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024.
Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024. This move follows the recent launch of Ola Maps by ride-hailing giant Ola, which offers competitive pricing and billing in Indian rupees. Ola’s transition to its own mapping solution is…