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Govt. to launch new web portal for startups

Govt. to launch new web portal for startups

news March 7, 2016 19 Views

As currently India is experiencing a startup boom, the central government is going to launch a new web portal for startups in this week to encourage the budding lot of entrepreneurs to promote ease of doing business. The registration of the portal will follow through.

  • Department of Industrial Policy and Promotion (DIPP) Secretary Mr. Ramesh Abhishek has reportedly revealed that the steps have already been taken to implement the ΓÇÌStart-Up IndiaΓÇÕ Action Plan which was unveiled on 16th of January this year. The DIPP is also working towards making the filing of Intellectual Property Rights (IPR) lenient.
  • Ramesh also said that the department is working in association with the state governments to make certain that self certification works in case labour and skill development laws are up for the startups.
  • In the recently announced union budget, the central government has announced a chain of initiatives to boost the startup ecosystem such as 100% tax exemptions for 3 years among others. Also, in order to promote innovation at par with Make in India initiative, a special patent regime has been proposed with 10% tax on income from those patents which have been duly utilized worldwide but are developed and registered in India.

(Source: Your Story)