Thank you and Fund again! Indian government has a proposed bill to tax angel investment 30% !??!!? WTF

That seems like a big disincentive. Maybe they don't want angels in India?

Aweful! Who knows who is behind this. It is possible that the large corps have influenced Govt officials to make sure there is no competition.

That's possible. Or maybe the government thinks this is a good way to bring in revenues: http://www.firstpost.com/economy/budget-2012-threat-to-enterprise-mentoring-angel-investors-worried-248363.html