When India's Finance Minister on Friday presented her maiden Budget, it was a historical moment for our country. It was one of the longest Budget speeches peppered with Urdu, Hindi, and Tamil couplets, when the country's first full-time woman Finance Minister Nirmala Sitharaman addressed the Lok Sabha. All through her two-hours-and-17-minutes long Budget presentation, Sitharaman did not pause to have a sip of water.
It was clear that this Budget is for the new India, in lines of the vision to turn India into $5 trillion economy by 2025. There was something for everyone -- for startups, EV industry, education sector, corporates, super rich, women, MSMEs, and even for the space sector. Read all about it here on YourStory's extensive coverage.
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To resolve the so-called ‘Angel Tax’ issue, startups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums.
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