"Angel tax is a welcome step. Excellent news to hear the govt taking this matter seriously. We are on Day 1 of the startup boom in India and the govt should nurture this industry careful to ensure entrepreneurs and angel investors are encouraged instead of being fearful," said Satyen Kothari. "We are also excited to hear about the huge capital commitment to infrastructure projects since this will allow retail investors to participate in this growth industry by making smart investments. Additionally, the push to make govt securities earning 8% be widely available as investment instruments will also benefit investors as a stable option will be freely available for short term investments," he added.
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