Union Budget 2019-20 had some bright spots. The enduring issue of angel tax for startups has been resolved to a large extent, perhaps completely. There are encouraging plans to get India skilled in the realm of artificial intelligence (AI), Internet of Things (IoT) and virtual reality (VR). And the critical gap in research to achieve the well-intentioned goals in the emerging fields of AI and IoT would hopefully be addressed by the setting up of a National Research Foundation, which was another major announcement in the budget speech.
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