India News
Budget 2022: Boost for start-ups? Key highlights of Nirmala Sitharaman speech
According to Budget 2022, all eligible start-ups established before March 31, 2022, will be provided with a tax incentive for three consecutive years out of ten years from incorporation.

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for the financial year 2022-23 in Lok Sabha. The FM stressed Aatmanirbhar Bharat and made new announcements for the star-ups across India.
According to Budget 2022, all eligible start-ups established before March 31, 2022, will be provided with a tax incentive for three consecutive years out of ten years from incorporation. Given the Covid-19 pandemic, Sitharaman also extended the period of incorporation of the eligible start-up by one more year for providing such tax incentives.
Start-ups will be promoted to facilitate Drone Shakti through varied applications and for a drone as a service, Sitharaman announced in her Budget speech.
Key highlights for start-ups in Nirmala Sitharaman speech
- Eligible start-ups established before March 31, 2022, to be provided with a tax incentive for 3 years out of 10 years from incorporation.
- Start-ups in India will be promoted to facilitate Drone Shakti for a drone as a service through varied applications.
- Drone Shakti and Kisan Drones will be used for cop assessment, spraying insecticides and nutrients, digitisation of land records.
- Budget 2022 also announced that a fund has been raised that will be facilitated through NABARD to finance start-ups in the agriculture sector.
- Production Linked Incentive (PIL) Scheme which was launched to achieve Aatmanirbhar Bharat has received an excellent response. The Scheme created as many as 60 lakh new jobs and additional production of 30 lakh crore during the next Keycap digit five years.
- For newly incorporated manufacturing companies, concessional corporate tax rate of 15 percent will be available for one more year till March 2024.
Read Also: Budget 2022: From PM Gati Shakti to LIC; Know the main highlights of this year’s Union Budget
Last year, the government had extended the eligibility for claiming tax holidays for start-ups and the capital gains exemption for investment in start-ups by a year to push funding. Nirmala Sitharaman had also announced Rs 1,500 crore to accelerate digital payments’ growth in the country.
India News
Wrestlers protest: Minor’s father makes a U-turn says WFI’s chief did not harass his daughter
The father made it clear, they had not dropped the initial allegation but rather had taken new statements.

In an unexpected turn, the father of the 17-year-old wrestler, whose complaint led to the Delhi Police filing a case against the Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh under the Protection of Children from Sexual Offences (POCSO) Act, the strict laws against child sexual abuse, claimed that he and his daughter had made some false allegations against the chief of WFI.
The girl’s father gave a new statement to the magistrate in New Delhi on June 5 in which he claimed, the WFI’s chief had not sexually assaulted his daughter, his actions had been biased against her.
He added in his statement that he accused Brij Bhushan was for sexual harassment out of anger because her daughter lost the Asian Championship trials final the previous year.
I received threatening calls, but I won’t say who made them. To pay for my daughter’s expenses, I sold my residence. I had re-recorded my statement on my own initiative, the girl’s father added.
The girl’s father also confessed infront of the magistrate that we don’t hold any bitterness towards Brij Bhushan Sharan Singh. On June 5, we made certain changes to our earlier statements and recorded new statements. I don’t want to get engaged in this battle.
However, the father made it clear, they had not dropped the initial allegation but rather had taken new statements.
Meanwhile, the protesting wrestlers decided to call off their strike until June 15 after the government promised to file charges against Brij Bhushan by then and organise elections for the sports organisation by the end of the month. Olympic medalists Bajrang Punia and Sakshi Malik met Union Sports Minister Anurag Thakur three days after they spoke with Union Home Minister Amit Shah about their requests. The sports minister invited them to a meeting to discuss their demands.
India News
Lucknow court shootout: Western UP gangster shot dead by man dressed as lawyer
Maheshwari himself was a dreaded shooter and was booked under several other criminal cases. He was also said to be a close aide of Munna Bajrangi, who was killed while serving time in Baghpat prison in 2018.

Security in India’s courtrooms and court complexes were again exposed on Wednesday when gangster Sanjiv Maheshwari, also known as Sanjiv Jeeva, was shot dead by a man dressed as a lawyer right inside a Lucknow court.
Sanjeev Maheshwari had come to the SC/ST court for hearing in a murder case and was entering the courtroom when the shooter opened fire, injuring a young girl and a policeman.
Maheshwari, who led a criminal gang in Western UP, was said to be a close aide of gangster-politician Mukhtar Ansari. He was accused in the murder case of BJP MLA Brahmadatt Dwivedi. Ansari is currently serving life imprisonment. The shooter was nabbed by lawyers in court and police and has been identified as Vijay Yadav.
Maheshwari himself was a dreaded shooter and was booked under several other criminal cases. He was also said to be a close aide of Munna Bajrangi, who was killed while serving time in Baghpat prison in 2018.
The police constable injured in the attack sustained a bullet wound in his right leg and his colleagues helped him out of the court complex. He is undergoing treatment in the Lucknow Civil Hospital. Meanwhile, heavy police deployment has been made in the Lucknow court as well as the city after the shootout.
Commented on the law and order situation in UP, Samajwadi Party chief Akhilesh Yadav said the question is not who is being killed but the question is that one is being killed in the presence of high security.
In his reply to a journalist’s question on the incident, UP Deputy Chief Minister Keshav Prasad Maurya said the police will not spare anyone who is involved in the killing.
Lucknow DM Surya Pal Gangwar told the media that Maheshwari was shot dead, a girl of 8-10 years has also been injured. He added the shooter has been caught and the investigation into the incident has begun.
In Delhi, gangster Jitender Gogi was killed in a shootout in a Rohini court in 2021. The inter-gang rivalry ended with the knifing murder of Tillu Tajpuriya inside Tihar Jail in May this year.
The security of local courts has been a matter of concern for judges with former Chief Justice of India Justice NV Ramana raising it with the government.
A three-member SIT (Special Investigation Team) including Mohit Agarwal ADG Technical, Joint CP Nilabja Chaudhary, Ayodhya IG Praveen Kumar has been constituted to investigate the incident: UP CM Yogi Adityanath.
India News
Wrestlers meet Sports Minister Anurag Thakur, put forth 5 demands, protest still on but suspended till June 15
On Wednesday morning, Sports Minister Anurag Thakur and the top wrestlers, led by Olympic Medallist Bajrang Punia, began a crucial meeting at Anurag Thakur’s residence.

With the Central government offering to complete the probe against Wrestling Federation of India chief Brij Bhushan Sharan Singh by June 15, Olympian Bajrang Punia told the media that the agitation by the wrestlers will be suspended till then.
On Wednesday, the wrestlers met Sports Minister Anurag Thakur at his residence after the minister had tweeted late last night that he looked forward for a discussion with the protesters.
Reports said the wrestlers represented by Sakshi Malik and Punia have made five demands in the meeting with Anurag Thakur. Their demands were: (1) Free and fair elections for the Wrestling Federation of India (WFI), (2) a woman to be made the WFI chief, (3) withdrawal of the Delhi Police case against the wrestlers registered on May 28, (4) the arrest of Brij Bhushan Sharan Singh and (5) preventing Brij Bhushan or his family or his acolytes from being part of WFI.
Punia, Sakshi Malik, and her husband Satyawart Kadiyan, who is also a wrestler, attended the meeting. Vinesh Phogat did not attend the meeting as she was to attend a pre-scheduled panchayat in her village Balali, Haryana. Bharatiya Kisan Union leader Rakesh Tikait, who supports the protesting wrestlers, did not attend the meeting.
In the space of five days, this is the second meeting between the protesting wrestlers and the government. Wrestlers met Home Minister Amit Shah on Saturday night and briefed him on their demands. Shah had asked them to trust the investigation process.
The wrestlers have been demanding the arrest of Brij Bhushan Sharan Singh, who they have accused of sexual harassment, since January this year. The wrestlers resumed their protest against Brij Bhushan Sharan Singh on April 23 at Jantar Mantar. On May 28, they were removed from the protest site by police and detained for violation of law and order after they began a march to the new Parliament building without permission. The police action resulted in an iconic photograph of Sangeeta and Vinesh Phogat.
The rub in this melee is that while the government is willing to accept most of their demands, the arrest of Brij Bhushan Sharan Singh, who is also the BJP MP from Kaiserganj, and wields significant clout in that part of Uttar Pradesh, remains a tricky question.
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