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Govt proposes tax benefits to startups, pension funds

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Business 01 Feb 2024 12:25 PM IST PTI

Finance Minister Nirmala Sitharaman on Thursday proposed some tax benefits to startups and pension funds.

The government has taken various measures to promote startups in the country. As many as 1.17 lakh startups are recognised by the government so far.

An Action Plan for Startup India was unveiled on 16th January 2016. In this, the government provides tax and non-fiscal incentives.