Start Up India, the new initiative by Modi

January 2016, National
In Brief:

From providing tax exemption to start-ups to setting up a corpus fins to enable the new firm start business with ease, Prime Minister Narendra Modi unviled an array of incentives while kick-starting his pet project: Start-Up India. Here are the top 10 take-aways from the PM’s speech that cheered the start-ups in the arena.
1 Tax exemption for start-ups for three years.
2 Rs. 10,000 crore corpus fund to support start-ups.
3 Capital gains tax to be exempted for venture capital investments.
4 80% reduction in patent registration fee.
5 Govt. to ensure 90-day window for start-ups to close businesses.
6 Self-certification compliance for start-ups across India.
7 No government inspection for three years for newly-formed start-ups.
8 New scheme to provide IPR protection to start-ups and new firms.
9 Innovation programme to start 5 lakh schools to target 10 lakh children.
10 Government is all set to launch an app to create a platform for interaction with start-ups

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