Monday, January 18, 2016

January 18, 2016 - Start Up India: Rs 10000 crore dedicated fund for startups; no income tax for startups in first 3 years of ops; and more

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Here is a well-summarized list of concrete steps from the government announced at the 'Start-Up India Stand Up India' meet on January 16. Apart from some obvious ones like easier regulation with respect to starting a company and shutting one, the ones that stood out were some of the investment announcements in fundamental research, which should help spur some local innovation and removal of clauses that prevented SMEs from bidding on government contracts. Some tax incentives have been thrown in there too. These developments are welcome as a first step. This article has quotes from various participants at the event. The ones that stood out the most are from Narendra Modi and Masayoshi Son (Softbank). Narendra Modi - 'The first and foremost thought is that the government shouldn't come in the way'. Masayoshi Son - 'Startup companies cannot take care of infrastructure. The government (needs to take of) electricity and mobile infrastructure - Comment


Digital
Start Up India: Rs 10000 crore dedicated fund for startups; no income tax for startups in first 3 years of ops; and more
Start Up India: PM Modi announces Rs 10,000 crore dedicated fund for start-ups - Nirmala Sitharaman, Minister of State (MoS) for Commerce and Industry said, "We want start-ups to come to India, operate in India and stay in India. We as government have to see how best we can remove the clutter in doing business."


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Digital
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Digital
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Digital
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Digital
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Retail
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Retail
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Retail
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Telecom
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Telecom
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Telecom
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Telecom
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Finance
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Finance
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Finance
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Finance
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Software
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Software
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Software
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Software
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Ecommerce
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Ecommerce
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Ecommerce
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Franchise
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Franchise
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HR
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HR
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HR
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Logistics
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Marketing
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Sports
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Sports
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Entertainment
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Entertainment
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Entertainment
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