As per media reports, Sebi has also proposed that only ‘accredited investors’ be allowed to invest in angel funds
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The transaction limit for UPI Lite has been raised, allowing users to complete transactions of up to Rs 1,000 without the need to enter a pin, an increase from the previous limit of Rs 500
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The initiative particularly encourages startups in emerging technologies such as deep tech, artificial intelligence, machine learning, robotics, blockchain, 5G, space tech, and cybersecurity
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With the disengagement process unfolds, India weighs the impact of potential Chinese investments on its EV startups amidst a backdrop of rising trade tensions and competition
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In the span of just a few years, India has seen a remarkable shift in its space ecosystem, following the government's decision to open the sector to private players, the release said
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The deployment period for this fund will span five years, with an average annual allocation ranging from Rs 150 to Rs 250 crore, according to media reports
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This initiative falls under the broader Startup India program, through which DPIIT has already signed over 80 memorandums of understanding with various industry stakeholders
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The proposed fund is expected to boost employment in the Indian space sector by supporting startups across the entire space supply chain—upstream, midstream, and downstream
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