Germany is known for an efficient workforce. However, this may be outdated when it comes to company culture. Now to keep top talent, many companies are following startups and trading in ties for T-shirts.
As specified in Section 80-IAC of the Income Tax Act, 1961, these startups will receive deduction for “100 per cent of income” for three out of seven years from the year of its incorporation, the Board said in a statement.
Push from a marquee investor like SoftBank to grab opportunity across the borders comes at a time when growth in India is said to be slowing down in particular categories as the firms go deeper into the geography.
During his visit to Israel, PM Modi had invited the Israeli industry to participate in 'Startup India' initiative, saying his government has done a lot to improve the ease of doing business and is positioning the country as a global manufacturing hub.
Mumbai, Jan 16 (ANI): Addressing a gathering at the launch of Start-Up India mission, Maharashtra Chief Minister Devendra Fadnavis on Saturday said the Mumbai Government would make Mumbai ‘the capital of startups’ in the coming days. He said the youth of the country requires an ecosystem for their ideas to flourish and the government was committed to provide them proper infrastructure so that the startups could thrive. He added that Indians have majorly contributed to the growth of startups.