startup action plan

DIPP to rank States & UTs on basis of measures taken to promote entrepreneurship

The DIPP with the help of World Bank already ranks states in terms of measures they are taking to promote ease of doing business.

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DIPP proposes tax concession for start-ups, likely to be announced in union budget 2017

In order to boost the government’s Startup India, Standup India movement, the Department of Industrial Policy and Promotion (DIPP) is reportedly formulating a new set of tax concessions on employee stock options, unlisted securities and convertible instruments. The latest Union Budget is expected…

Government to involve states to push startups

In order to give impetus to startups, the government will hold detailed discussions here with states and other stakeholders on July 23. The main aim of the day-long function is to share knowledge and best practices being followed by few states on promoting budding entrepreneurs, an official said.…

DIPP to organise startup festival in Hyderabad in September

The Commerce and Industry Ministry will organise a ‘Startup Fest’ in Hyderabad in September, with a view to showcase innovation and provide a collaboration platform. The Department of Industrial Policy and Promotion (DIPP) has requested Prime Minister Narendra Modi to inaugurate the p…

Sitharaman takes startups’ tax holiday plea to Finance Ministry

To make Startup India more lucrative, the Ministry of Commerce & Industry has approached the Ministry of Finance with an industry proposal to widen the income tax exemption period from the current three years. “I have been interacting with the startups and a lot of them are in touch wit…

DIPP mapping incubation centres for entrepreneurs

Flooded with over 400 calls a day at the recently launched Startup Hub, the government is scaling up big time to deal with the deluge of budding entrepreneurs. The Department of Industrial Policy and Promotion (DIPP) has started mapping incubation centres across the country to extend help to busi…