How’s Busi­ness?

Startup In­dia was an­nounced by PM Modi in Au­gust 2015 and for­mally launched in Jan­uary 2016

India Today - - STATES -

Aim

To ac­cel­er­ate the start-up move­ment and give a push to en­trepreneur­ship in In­dia

Big Draws

Start-ups can self-cer­tify com­pli­ance un­der labour laws

Ben­e­fits such as get­ting in­tel­lec­tual prop­erty rights faster and three-year ex­emp­tions from in­come tax/ labour au­dits and from an­gel tax

Sta­tus

Of the 6,096 com­pa­nies recog­nised as start-ups by DIPP, only 74 have got ap­proval to avail of tax ben­e­fits

About 75 per cent of funded tech­nol­ogy start-ups are re­domi­cil­ing out­side the coun­try cit­ing reg­u­la­tory hin­drances

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