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Start up India: Webcast [video]

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Re: Start up India: Webcast [video]

#21

Post by vaibhavkul »

falloutx wrote: post #7
techaddict009 wrote: post #2

Narendra Modi's announcements and #StartupIndia policy pointers: 1. Compliance regime based on self-certification. Labour laws – no inspection for 3 years 2. Startup India hub – single-point contact (‘friend, mentor, guide’) 3. Mobile app to be launched on April 1: registration of startup company in one day | Also portal for clearances, approvals and registrations 4. Fast-track mechanism for startup patent applicatio…

Why should people's tax money go to opening businesses. Fuck that! And You're giving them easy exit and shit, so they can totally screw up the money. I know that 99% of startups fail, and thats horrible, and that should not happen. Why should people's tax money pay for IP rights and shit. This is totally brutal for Indian people. Their tax money should be used for roads, security and other critical shit. After thats…

India has a huge population and there is a shortage of jobs. Rather than job seekers, India needs more job creators. This initiative will give people incentive to take up entrepreneurship.

Re: Start up India: Webcast [video]

#22

Post by gnufied »

techaddict009 wrote: post #2

Narendra Modi's announcements and #StartupIndia policy pointers: 1. Compliance regime based on self-certification. Labour laws – no inspection for 3 years 2. Startup India hub – single-point contact (‘friend, mentor, guide’) 3. Mobile app to be launched on April 1: registration of startup company in one day | Also portal for clearances, approvals and registrations 4. Fast-track mechanism for startup patent applicatio…

Ahem to Innovation centers and research parks. A lot of them can easily become institutions who get govt. money for doing nothing basically.

My university was next to one research park and as far as I could tell nothing ever came out of the ruddy place. Point is - for research park & innovation centers to function you need people dedicated to research. In current state India does not have that many researchers to spread across this many institutions.

Re: Start up India: Webcast [video]

#23

Post by falloutx »

vaibhavkul wrote: post #21
falloutx wrote: post #7

Earlier quoted context omitted.

Why should people's tax money go to opening businesses. Fuck that! And You're giving them easy exit and shit, so they can totally screw up the money. I know that 99% of startups fail, and thats horrible, and that should not happen. Why should people's tax money pay for IP rights and shit. This is totally brutal for Indian people. Their tax money should be used for roads, security and other critical shit. After thats…

India has a huge population and there is a shortage of jobs. Rather than job seekers, India needs more job creators. This initiative will give people incentive to take up entrepreneurship.

There are lot of people who are simply overworked. We don't need more jobs, just good labor laws.

Unemployment is usually kept high by having some workers overworked. This keep labor costs low. Also increases the costs of things so that employment becomes necessary. Oldest trick in the BOOK.

There is no way that everyone in a country will be working. Governments can't ensure that everyone has a job. Government's job is to build the Infrastucture and providing basic services.

Re: Start up India: Webcast [video]

#24

Post by veeragoni »

falloutx wrote: post #23
vaibhavkul wrote: post #21

Earlier quoted context omitted.

India has a huge population and there is a shortage of jobs. Rather than job seekers, India needs more job creators. This initiative will give people incentive to take up entrepreneurship.

There are lot of people who are simply overworked. We don't need more jobs, just good labor laws. Unemployment is usually kept high by having some workers overworked. This keep labor costs low. Also increases the costs of things so that employment becomes necessary. Oldest trick in the BOOK. There is no way that everyone in a country will be working. Governments can't ensure that everyone has a job. Government's job…

i completely agree with you. I know how much teachers are overworked for every public activity. elections to census etc..this initiative going to help huge for tatas/birlas/ambanis. India still need critical infrastructure, education, health, helping majority (60-70%) of the people to bring out of poverty by providing them to succeed in agriculture. why not india become the hub for food rather than killing the seed by giving away rights to foreign companies like monsanto! So unfortunate!

Re: Start up India: Webcast [video]

#25

Post by nautical »

starving_coder wrote: post #13
nautical wrote: post #9

Earlier quoted context omitted.

I have no clue where that is coming from , because both the statements that you presented are not correct . I am no way a pro-modi supporter or something , but he started a couple of good projects for small and medium scale industries . I am currently a co-founder of a company and couple of years back I started my another company and I know how painful it was ! ... I think startups in India are making tools for rocke…

> I am no way a pro-modi supporter or something , but he .. Just curious. Is there something like an anti-modi supporter?

Yes , there are a lot of people who are . So there are two MAJOR political figures in India right now . One is Sonia Gandhi and another is Narendra Modi . There are still a lot of people who trust Congress (Sonia Gandhi) .

Re: Start up India: Webcast [video]

#26

Post by arihant »

techaddict009 wrote: post #2

Narendra Modi's announcements and #StartupIndia policy pointers: 1. Compliance regime based on self-certification. Labour laws – no inspection for 3 years 2. Startup India hub – single-point contact (‘friend, mentor, guide’) 3. Mobile app to be launched on April 1: registration of startup company in one day | Also portal for clearances, approvals and registrations 4. Fast-track mechanism for startup patent applicatio…

Sounds like a manifesto to stop trend of incorporating in Singapore. Almost all of India's unicorns are Singapore incorporated. I'd say the capital gains scheme proposed by India is more sustainable than what Singapore offers to overseas companies. Basically, if you exit and become and angel investor, you pay no capital gains tax. I sincerely hope this will boost number of investors in coming decade as the ecosystem matures with exits.

This sounds simple, but the repercussions in 10-15 year window are very profound.

Re: Start up India: Webcast [video]

#27

Post by techaddict009 »

Sven7 wrote: post #19

For someone who doesn't know much about the Indian Startup scene, is there tech coming out of India worth keeping an eye on?

There are many. I can list few:

http://www.greyorange.com/ limeroad.com https://www.oyorooms.com/ paytm.com flipkart.com snapdeal.com

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