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The startup industry is lobbying the finance ministry to scrap, or at least increase, the ₹25-crore paid-up capital threshold for exemption from the so-called angel tax.
London-based Vedanta Resources (VRL), the parent company of India-listed Vedanta Ltd (VDL), said on Monday that it had paid off loans and bonds due in April and reduced gross debt by $1 billion.
Prime Minister Narendra Modi wants Indian industry to unleash its animal spirits, building on the investment thrust led by the Centre that’s seeing a vast infrastructure buildout across the country.
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