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Below the Budget Day Input Angel Tax Samir Sheth, Partner & Head, Deal Advisory Services, BDO India

“This year’s budget has given a great fillip to the start-up ecosystem. The abolition of Angel tax is a great sigh of relief benefitting the start-up industry. The announcement of INR 1000 cr venture capital fund for the space economy will encourage private participation in the ecosystem thereby enhancing India’s role in the global space economy. While the details are awaited, the FM also mentioned the Government will promote start-ups across the vegetable supply chain to spur growth in the agri-tech sector. Cumulatively these steps should encourage entrepreneurship and the evolution of new start-ups across agri-tech and space economy sectors”

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