Get Started with ixamBee
Start learning 50% faster. Sign in now
The Union Budget for 2024-25 included several significant allocations and initiatives, particularly for the Department of Space. Here are the key points related to the venture capital fund: Department of Space Budget: The budget allocation for the Department of Space saw a marginal rise of 0.02% points, with a focus on the development of space technologies. Space Applications and Sciences: While space applications received a slight increase in funding, the budget for space sciences decreased, and the allocation for the INSAT satellite systems was nearly halved compared to the previous year. Venture Capital Fund: A ₹1,000 crore venture capital fund was announced to specifically support space technology start-ups. This fund aims to expand the space economy by five times over the next decade. Expert Reactions: The announcement received mixed reactions. Some experts felt the fund was insufficient, highlighting the need for more substantial government investment similar to global standards. Government Procurement: Optimism was expressed regarding the government acting as an anchor customer for start-ups, which would help validate high-risk products and create a competitive market. Angel Tax and FDI: The proposal to remove the angel tax is expected to reduce investment friction. Additionally, 100% automatic foreign direct investment (FDI) in satellite component manufacturing was allowed, with varying limits for other space-related activities. Given this context, the primary purpose of the ₹1,000 crore venture capital fund is to support space technology start-ups, making option (c) the correct answer.
The total monthly salary of Mamta and Rishi is Rs 1,10,000 and the ratio of the expenses of Mamta and Rishi is 7:6 and the ratio of savings of Rishi and...
Monthly income of Sneha is Rs. 32,000 and the ratio of her monthly expenditure to monthly savings is 4:4 respectively. If the average monthly savings of...
The income of Amit is Rs. 12,000 greater than Bhuvan's income. Amit spends 75% of his income, whereas Bhuvan's expenditure is 80% of Amit's expenditure....
799.99 + 1500.12 ÷ 29.98 × 50.01 = ? × 24.96
In the last financial year the ratio of the monthly incomes of Viraj and Rohan was m : n and the ratio of their monthly expenditures was p : n. In the c...
In which of the following years, the difference in no. of students appearing for UIT from the previous year is highest?
Arjun Spends 20% of his income to food, then spends 15% of the remaining amount on rent, followed by 25% of what remains on trave...
Vicky and Vinay have their monthly incomes in the ratio of 7:9. Their monthly expenditures are Rs. 6200 and Rs. 7800, respectivel...
What is the ratio of 'Anil's monthly savings to 'Jaggu's monthly savings if 'Anil' and 'Jaggu' have monthly Income's in a 5:6 ratio, and 'Anil's monthly...
The earnings of Akshat and Beena are in the ratio 7:9, respectively. Akshat utilizes 48% of his income and saves the remainder, while Beena spends Rs.2,...
