Honest Companies Won’t Face Action: Piyush Goyal

NEW DELHI

The government will ensure there is no action against honest companies that bring genuine money at a premium, interim finance minister Piyush Goyal said, assuring the startup community that they would not be unnecessarily targeted over the so-called angel tax.

In his reply to the debate on the interim budget in the Lok Sabha on Monday, Goyal dismissed allegation of fiscal slippages, saying the budget has been very ‘honest’ with numbers.

‘The government is taking hard steps to ensure that action is taken against bad companies,’he said, adding that no action of any kind was taken against honest companies that had brought ‘genuine money’ at a premium.

‘We will protect honest people and give harshest punishment to the dishonest,’ he said, amid continuous shouting by some opposition members during his reply.