Business

Top 10 takeaways from Modi's speech at Start-up India launch

Photo: ANI

Photo: ANI  

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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Printable version | Aug 7, 2020 1:47:04 PM | https://www.thehindu.com/business/Top-10-takeaways-from-Modis-speech-at-Start-up-India-launch/article14001605.ece

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