The second outlay of Rs 10,000 crore for Indian VC firms was announced by finance minister Nirmala Sitharaman during the budget speech in February.
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Your tax money should go into making your life better. It would appear it is instead funding the lifestyle of venture capitalists and founders of uncertain, loss-making businesses.
Consumption took centre stage, while some sectors got more attention than others. But Nirmala Sitharaman’s budget failed to enthuse the markets.