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04:43 PM | Sat, 23 Jul 2016

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188 Days ago

Following are major policy highlights of Start-ups Action Plan Prime Minister Narendra Modi unveiled on Saturday in New Delhi while launching the ambitious 'Startup India' campaign to boost digital entrepreneurship at the grass-root level:

* Income Tax exemption for first three years

* Tax exemption on capital gains

* No inspection of start-ups for three years on labour and environment law compliance post-self certification.

* No interference from government

* Compliance regime based on self-certification

* Single point of contact for Start-up India hub

* Corpus of Rs.10,000 crore through Fund of Funds

* 80 percent rebate in patent costs

* Norms to be relaxed for public procurements

* Faster patent registration and protection for IPRs

* Faster exit through a new bankruptcy law

* Mobile app will be launched to register start-up in a day

* Atal Innovation Mission to give impetus to innovation and encourage talent. (IANS)

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