Indian PM Modi launches $2b fund to support start-ups


Financial Review reports:

Prime Minister Narendra Modi launched the ambitious ‘Startup India’ Movement to boost digital entrepreneurship at the grassroots level. He spelt out the various salient features of the action plan that was unveiled today. In a major announcement, he said there will be income tax exemption to startups for the first three years. He also promised faster patent registrations and quicker exits for companies. 

Key announcements:

  1. Compliance Regime based on Self-certification
  2. Startup India Hub – A single point of contact for the entire startup e
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