Published On : Mon, May 30th, 2016

Extend tax holiday for startups to 7 yrs: Nirmala to FinMin

startupNew Delhi: The Finance Ministry should consider raising tax holiday for startups to 7 years from the current 3 years to encourage budding entrepreneurs, Commerce and Industry Minister Nirmala Sitharaman today said. Sitharaman said lots of inputs from startups have been received and “recommendations have gone to the Finance Ministry for extending the 3-year tax holiday to 7 years”.

“We shall pursue it and there shall now be lots more interactions with them,” she told reporters while briefing them on the initiatives taken by her ministry during the last two years. The minister said she would visit different co-work spaces of these new age companies to see the ground picture and infuse fresh energy.
13:58 Period pain is officially as bad as a heart attack – so why have doctors ignored it? : Men wait an average of 49 minutes before being treated for abdominal pain. For women, the wait is 65 minutes for the same symptoms. It’s thought that this is because women are seen as exaggerating pain and being ‘dramatic’ due to sexist stereotypes. Read more
13:37 When Rana Ayyub met Narendra Modi: In 2010, journalist Rana Ayyub was 26, struggling to come to terms with a dear colleague’s death and working with Tehelka magazine. It was one of the lowest points in her life, and she found her way out of this rabbit hole because of a story.

Ayyub began investigating the Gujarat riots of 2002 and the way the state machinery worked in Gujarat under the aegis of Narendra Modi and Amit Shah. To do this, she went undercover and posed as a filmmaker from America, named Maithili Tyagi, who wanted to make a film on Modi and had a ‘gora’ assistant named Mike. The identity worked. She got a meeting with Modi, who was then chief minister of Gujarat. Here’s how it went.