Dipp Secretary Ramesh Abhishek

Budget 2017: Startups may get additional tax benefits, says Nirmala Sitharaman

Tax related (benefits) will have to come only through the budget, the Minister said, adding that suggestions with regard to exempting startups from MAT (minimum alternate tax) have also been forwarded.

LIC, pension funds 'must step in' to fund start-ups: DIPP Secy

Life Insurance Corporation of India and other pension funds "must step in" to fund start-ups, Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said today.

India narrowing gap with China on FDI inflows: Nomura

India may this year surpass China in attracting foreign direct investment, in terms of percentage of its GDP, as the gap in inflows between the two has been narrowing on the back of ongoing reforms in the country, says a Nomura report.

FDI in India reaches record $51 bn in 11 months of FY16: DIPP

Foreign Direct Investment into India touched the "highest ever" mark of USD 51 billion during the April-February period of last fiscal ended March 31, DIPP Secretary Ramesh Abhishek said today.