The way of conducting business across the world is rapidly changing. The largest retailer in the world doesn’t own a single showroom, The largest transporter in the world doesn’t own any trucks, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. Keeping pace with the change, PM Modi has launched ‪#‎StartupIndia‬ ‪#‎StandupIndia‬ and dedicated it it the young and budding entrepreneurs of the country at an event at Delhi Yesterday. To promote a culture of entrepreneurship, the government on Saturday announced a slew of incentives.

1 Tax exemption for start-ups for three years.
2 Rs. 10,000 crore corpus fund to support start-ups.
3 Capital gains tax to be exempted for venture capital investments.
4 80% reduction in patent registration fee.
5 Govt. to ensure 90-day window for start-ups to close businesses.
6 Self-certification compliance for start-ups across India.
7 No government inspection for three years for newly-formed start-ups.
8 New scheme to provide IPR protection to start-ups and new firms.
9 Innovation programme to start 5 lakh schools to target 10 lakh children.
10 Government is all set to launch an app to create a platform for interaction.