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Tax exemption for capital gain is a significant step: KS Bhatia

K S Bhatia, CEO, Pumpkart Chandigarh : Pumpkart CEO KS Bhatia has hailed the Administration of UT Chandigarh for announcing various concessions for start-ups, saying that these measures will give a big boost to them and revive the startup ecosystem in the long run. “I personally praise the UT Administration for giving tax exemptions to start-ups. Tax exemption for capital gain is a great step,” said Bhatia in a statement on Sunday, while advising the city administration to allow tax-free property registration. “This will encourage more startups to come and invest in the region. Similarly, seed funding of Rs 50 crore is a good step but it should be increased to Rs 100 crore. Minimum seed funding should be Rs 50 lakh per start-up,” he added. Bhatia, who has set up 150 plus stores of Agri machinery in Karnataka with a grant of two million US dollars from the Government of Karnataka, said that UT Chandigarh also needs Skill Centres along with incubation centers. “The UT Adminis...

DreamCity Ludhiana: It is out and out environment friendly: Pankaj Pal, AIPL

Ludhiana :  Shaping the realty landscape for over 31 years with landmark retail, commercial, and residential developments in prime locations across India, AIPL Group has delivered 60 projects in 31 years across 8 cities. It has also received LEED Gold Certification and GRIHA 4-star rating and IGBC certification for the AIPL business club. Sustainable housing not only plays a key role in the quality of human life but also preserves the environment. AIPL DreamCity Ludhiana has emerged as a rare milestone in the domain of sustainable townships in the region. With lagoons, rain gardens, swales & a  lake   DreamCity   Ludhiana  in its concepts and features has become an ideal destination for those who wish to live in the lap of nature and its grandeur. Pankaj Pal, Executive Group Director, AIPL,  says that the entire township is in sync with Divine Nature. For example, the road sections are designed to incorporate the concept of swales to promote infiltr...