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Portal for start-ups, registration by next week: official
Language : hindi
Business . Difficult
04-03-2016 10:48:41 .
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 In order to encourage entrepreneurs and further ease doing of business in India, the government said on Friday that web portal for start ups will launched by next week, which would also begin their registration process. 
 
"In another week's time, we are going to start the start up portal and the process of registration of start ups also, Ramesh Abhishek, secretary of the Department of Industrial Policy and Promotion (DIPP), said at post budget interaction here organised by the Federation of Indian Chambers of Commerce and Industry (FICCI). 
"We are also working with state governments to ensure that self certification work in case of labour and skill development laws are put in place for start ups, he said. 
Besides the Start up India initiative launched last year, the DIPP has issued the definition of start ups and is making it easier for them to file patent applications, Abhishek added. 
The Union Budget for 2016 17, presented on Monday, proposed full tax exemption for start ups for three years. 
Besides, special patent regime has been proposed with 10 percent rate of tax on income from worldwide exploitation of patents developed and registered in India in order to promote innovations 
The Start Up India action plan has proposed "Fund of Funds" to raise Rs. 2, 500 crore annually for four years for financing start ups. 
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DIFFICULT WORDS
entrepreneurs certification registration exploitation applications interaction innovations governments development registered
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