Centre has set up a five-member working committee to look into revising the norms of the angel tax imposed on start-ups. Angel tax is a term used to refer to the income tax payable on capital raised by unlisted companies via issue of shares where the share price is seen in excess of the fair… Continue reading The very idea of an ‘angel tax’ on start-ups must be reconsidered
Category: Daily Factly articles
Taliban demands new Afghan Constitution
The Taliban has demanded a new Constitution for Afghanistan, in a meeting held in Moscow, between the Taliban and Afghan Opposition Parties. For Taliban, current Afghan Constitution is a Western import and is an obstacle to peace. The new Afghan Constitution would be based on “inclusive Islamic system” and would be drafted by Islamic scholars.… Continue reading Taliban demands new Afghan Constitution
Russia to develop new missile systems by 2021
US recently decided to withdraw from the Intermediate-Range Nuclear Forces (INF) agreement, signed between US and Russia in 1987, as US believes that Russia has violated the treaty by discreetly developing missiles. Following US withdrawal, now, Russia has reciprocated that it would develop two new missile systems in the next two years i.e. (a) a… Continue reading Russia to develop new missile systems by 2021
The danger of cash transfers schemes to poor
The Interim Budget promises range of schemes such as income transfers to farmers and a pension scheme for workers aged over 60 years in the unorganized sector and 10% quota for the “economically weaker sections” in the general category raises the question over its impact. However, cash transfer to poor do not ensure accessibility, affordability… Continue reading The danger of cash transfers schemes to poor
Emission levels rising faster in Indian cities than in China
According to a recent study, urbanization has increased vehicular emissions in India Generally, in developed countries, vehicular emissions reduce with increased urbanization as more urbanization reduces distances between the workplace and home and thereby, a preference for public transport increases. However, in developing countries, vehicular emissions tend to increase with urbanization. For example: In China… Continue reading Emission levels rising faster in Indian cities than in China
‘Two-thirds of Himalayan ice cap may melt’
According to Hindu Kush Himalaya Assessment, 36% of the glaciers along in the Hindu Kush and Himalaya range (HKH) could melt by 2100 even if global temperature rise is limited to 1.5C above pre-industrial levels. The Hindu Kush and Himalayan Range extends from Afghanistan to Myanmar (Fig. 1) and is famously known as the earth’s… Continue reading ‘Two-thirds of Himalayan ice cap may melt’
Fundraiser to secure 96 elephant corridors
The Asian Elephant Alliance is aiming at raising £20 million funds for securing 96 out of 101 elephant corridors in India. The Asian Elephant Alliance is an alliance of five conservation organizations- IUCN National Committee of The Netherlands, Wildlife Trust of India, International Fund for Animal Welfare, Elephant Family and World Land Trust The elephant corridors… Continue reading Fundraiser to secure 96 elephant corridors
11 EU nations back Guaido as President
11 nations have joined US in recognizing Venezuelan opposition leader Juan Guaido as Venezuela’s interim President. Juan Guida recently lost elections to Mr. Maduro. The West alleges that the elections were rigged. Mr. Maduro replaced former President Hugo Chavez in 2013 as President of Venezuela, at a time when Venezuela was experiencing a state of… Continue reading 11 EU nations back Guaido as President
67% cancer patients in SE Asia die before 70: WHO
According to WHO Southeast Asia, 67% of cancer patients in the South-East Asia die before the age of 70 years. In 2018, 18.1 million new cases of cancer were diagnosed globally while 9.6 million people succumbed to the disease- 70% of which occurred in low and middle income countries. Availability of cancer treatment services is… Continue reading 67% cancer patients in SE Asia die before 70: WHO
Centre may relax angel tax norms for start-ups, sets up panel
The government has set up a five-member working committee to look into the angel tax issue and come up with guidelines. Startups, who rely heavily on this funding, have raised concerns over levying taxes on angel funds under Section 56 of the Income Tax Act. Angel funds refers to a money pool created by high… Continue reading Centre may relax angel tax norms for start-ups, sets up panel
