Saturday, May 7, 2022

To boost startup financing, government offers incentives to VC, PE funds

In a letter dated April 29, 2022, SIDBI told AIFs that it would allow “accelerated drawdowns” of the money committed by the FFS while fund managers achieve internal rate of returns higher than the hurdle rate --- the minimum return a fund has to clock in before profits can be shared between investors and fund manager.

from Tech-Economic Times https://ift.tt/iHObW9p
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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and no...