Finance Minister Nirmala Sitharaman presenting the Budget 2021 announced that tax holidays for startups will be extended by 1 year till March 31, 2022. The capital gains exemption given to startups will also be extended by another year.
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Monday, February 1, 2021
Budget 2021: Tax Holiday for Startups Extended by 1 Year Till March 31, 2022
Finance Minister Nirmala Sitharaman presenting the Budget 2021 announced that tax holidays for startups will be extended by 1 year till March 31, 2022. The capital gains exemption given to startups will also be extended by another year.
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Supreme Court Notice to Centre on Petition That Seeks to Regulate Facebook, Twitter
A Supreme Court bench comprising Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian has issued notices to the Centre and others on a petition that seeks framing of a law to regulate social media platforms like Facebook and Twitter. The petition seeks to make social media companies responsible for fake news and hate speech on their platforms.
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Ex-Googler Turns Virtual Gifts Into a $61 Billion Business With Chinese Video App Kuaishou
Kuaishou, the Chinese video app, has become the biggest live-streaming platform for virtual gifts beating rival and TikTok parent ByteDance. The company raised $5.4 billion in Hong Kong in the biggest internet initial public offering since Uber in 2019.
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Nokia 2.4 Successor Possibly Spotted on Bluetooth SIG Database
A Nokia phone that could possibly succeed the Nokia 2.4 has been spotted on the Bluetooth SIG website. The listing shows that the phone will come with Bluetooth 5.0 and LTE support.
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Global Chip Sales Rose 6.5 Percent in 2020 After Year-End Rush: Report
Semiconductor sales rose 6.5 percent globally to $439 billion in 2020, with the major recovery occurring in the last three months of the 2020, according to data from the Semiconductor Industry Association (SIA).
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Sunday, January 31, 2021
Budget 2021: Incorporation of OPCs to Be Incentivised to Boost Startups
Budget 2021 saw the government on Monday propose to incentivise incorporation of one person companies (OPCs), a move that will benefit startups and innovators.
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