Department for Promotion of Industry and Internal Trade

Govt approves 187 startups for tax exemption under revamped Section 80-IAC framework

adminMay 15, 202505 mins

[ad_1] New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemption under the revamped Section 80-IAC of the Income Tax Act. The move aims to provide crucial fiscal relief to emerging businesses, encouraging innovation and supporting job creation across the country. Also Read | Republican…

The problem with India’s blocking of the Chinese

adminJuly 29, 2024014 mins

[ad_1] Indian authorities have promised more visas to Chinese technicians, whose help Indian businesses urgently need. Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade, recently accepted claims by Indian companies that “a significant skill gap” exists between Chinese and Indian factory supervisors and workers. As a Vellore-based shoe manufacturer explained, Chinese…