Monthly Archives: July 2022

How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry

The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn tax…

Dhruva Space Tests Satellite Orbital Deployer Onboard ISRO’s PSLV, Ahead of Planned Indigenous Satellite Launch

Dhruva Space has successfully tested its satellite orbital deployer in an important milestone that has cleared the way for launch of the homegrown space sector startup’s satellite missions Thybolt-1 and Thybolt-2 onboard PSLV’s C54 mission. Dhruva Space plans to launch indigenously built satellites and intends to be part of every ISRO PSLV commercial mission, the…