Tag Archives: govt

Govt To Ease Income Tax Norms To Help Startups Receive Benefits

After being re-elected for the second term, the Modi-led government is now planning to ease the tax norms to provide advantages to startups under the income tax law which allow 100% tax deduction. In 2016, the government had announced a 100% tax deduction for any three consecutive years. The startups which did not have a total turnover of INR 25 Cr and ... Read More »

Delhi govt move to reduce medical cost good, but has to consider reality

There is no doubt that the recent policy of the Delhi government is aimed at bringing down the cost to patient by preferring prescribing drugs from the National List of Essential Medicines (NLEM) and capping profits that hospitals can make on the rest of the drugs and consumables. It also attempts to bring in transparency, for example, by clearly displaying ... Read More »

Govt sets terms for business deregistering brands for lower GST

The government today said businesses that want to deregister their brands for availing the benefit of lower GST will have to file an affidavit before the tax commissioner about forgoing the rights. Also, the businesses will have to print in indelible ink on containers in which they are selling cereals, pulses, flours that they have voluntarily foregone actionable claim or ... Read More »

1,700 Startups Will Compete For A Seat In Karnataka Govt. ELEVATE 100 Programme

Karnataka Government has received 1,700 applications for its ELEVATE 100 initiative. Of these, the top 100 startups will be shortlisted to participate in the programme. ELEVATE 100 aims at elevating fledgling startups to the level of commercial success. The programme currently focusses on a number of diverse sectors, including IT, electronic system design manufacturing, animation visual gaming & comics, biotechnology, pharmaceuticals, agriculture, ... Read More »

Google offers job to class 12 govt school student with salary of Rs 12 lakh per month

Dreams do come true. A class 12 student from a government school in Chandigarh who has landed a high-paying job with Google can vouch for it. Harshit Sharma, a student of Government Model Senior Secondary School, Sector 33-B, Chandigarh, has had an extremely fortunate turn in his life, with the internet giant offering him an incredible salary of Rs 4 ... Read More »