Glimpse: Boosting innovation and entrepreneurship.
The government has unveiled a new set of tax incentives for startups, aiming to foster innovation and business growth. Eligible startups will enjoy tax exemptions for up to five years, alongside easier access to funding.
Officials believe this move will encourage young entrepreneurs to establish new businesses, particularly in technology and green energy sectors. The policy also includes support for women-led enterprises and businesses operating in rural areas.
Business leaders have praised the initiative, predicting that it will enhance the country’s startup ecosystem. However, some experts warn that ensuring proper regulatory compliance will be key to its success.