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Government recognises 50,000 startups across India
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Government recognises 50,000 startups across India
John Sarkar / TNN / Updated: Jun 4, 2021, 08:46 IST
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NEW DELHI: The government has recognised 50,000 startups across the country helping them avail of benefits across a range of laws and regulations with as many as 10,000 getting a seal of approval over the last six months.
The pace of recognising startups has picked up after the department for promotion of industry and internal trade (DPIIT) tweaked the norms a few years ago, which also enable them to get fiscal and infrastructural support.
A startup registered with DPIIT, for instance, enjoys a simplified compliance structure, 80% reduction in the cost of filing patents, tax exemptions and can wind up its business within 90 days of its application to do so.
COVID-19: Over 2.11 lakh fresh cases registered, India second country to cross 20 crores vaccination - India is the second country after the US to have crossed 20 crores cumulative COVID-19 vaccination coverage.
Equity indices ended a volatile session with small gains on Thursday. The Nifty managed to close above the 15,300 mark after slipping below that level in the intraday. Banksm IT and metal stocks were in demand while realty shares corrected.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, rose 97.70 points or 0.19% at 51,115.32. The Nifty 50 index gained 36.40 points or 0.24% at 15,337.45. Trading was volatile as the May 2021 F&O contracts expired today, 27 May 2021.
The broader indices outperformed the benchmarks. The S&P BSE Mid-Cap index rose 0.54% while the S&P BSE Small-Cap index added 0.34%.
Buyers outpaced sellers. On the BSE, 1,756 shares rose and 1,364 shares fell. A total of 144 shares were unchanged.
Picture used for representational purpose only
BENGALURU: With the cycle of recoveries kicking in with record discharges reported on many days in the past week, the number of active cases dipped under 5 lakh after 17 days in Karnataka. However, the burden of such cases continues to remain the highest in the country.
As of May 22, Maharashtra, which has more than twice the number of total infections compared to Karnataka, has 3.5 lakh active cases compared to 4.8 lakh in Karnataka. No other state has more than 3 lakh active cases. Fresh cases in Maharashtra had begun to surge earlier than Karnataka in the second wave, which means its recoveries also saw a surge before the state’s, resulting in that state having fewer active cases.