67 of total 671 selected startups receive tax benefits so far, says minister

67 of total 671 selected startups receive tax benefits so far, says minister

The government has extended tax benefits to 67 startups so far with a view to promoting budding entrepreneurs in the country, minister of state for commerce and industry CR Chaudhary said on Tuesday. In January 2016, Prime Minister Narendra Modi had unveiled a slew of incentives to boost start-up ecosystem, offering them a tax holiday and inspector raj-free regime for three years, capital gains tax exemption and Rs 10,000 crore corpus to fund them. “3,576 startups have been recognised as on September 7 and tax benefits have been given to…

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Canadian armed forces to receive new machine guns

Canadian armed forces to receive new machine guns

 Canada is purchasing new general purpose machine guns from Colt Canada to replace C6 machine guns now in use, Defense Minister Harjit Sajjan announced on Wednesday. The contract for 1,148 new C6A1 FLEX General Purpose Machine Guns is worth more than $25.6 million. First deliveries to the Canadian Army are expected in September. The purchase contract, under the Munitions Supply Program administered by Public Services and Procurement Canada, includes cleaning and repair kits, spare parts and slings. “The government of Canada is committed to providing the Canadian Armed Forces with…

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