tag:blogger.com,1999:blog-7414102256417016270.post5244658503781637665..comments2023-04-06T15:31:56.559+05:30Comments on General Awareness: [Editorial # 43] Starting up to stand still?: The HinduTShttp://www.blogger.com/profile/03897947340389519247noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-7414102256417016270.post-73358940629414098982016-01-18T21:38:18.760+05:302016-01-18T21:38:18.760+05:307. Given the jobless growth being witnessed in Ind...7. Given the jobless growth being witnessed in India, Start-Ups can be an effective tool to generate employment in India. Discuss.<br />A.With india witnessing high rates of jobless growth, it is right move at right time to announce startup India which can be the engines of growth.<br />With earlier schemes like DI, Skill india mission ground work has done to make work force<br />more compatible with the needed industrial requirements.<br /> PwC in its 'World in 2050' report said that India, along with China, will be the world's leading economy by 2050. Hence this shows that the potential tbat india has which has to be tapped. pashahttps://www.blogger.com/profile/05320248412236208105noreply@blogger.comtag:blogger.com,1999:blog-7414102256417016270.post-91302669378876375212016-01-18T21:23:33.564+05:302016-01-18T21:23:33.564+05:306. What is meant by red-tape? How does it impact t...6. What is meant by red-tape? How does it impact the common man?<br />A. it refers to excessive regulations or rigid conformity to formal rules that is considered redundant or bureaucratic and hinders or prevents action or decision-making.<br />impacts:-<br />red tapism reduces transparency, delayed procedures, generally discourages NRI's to invest in indian companies . hence reduction in employment activities, reduction in demand of goods and services. Hence slow down in economy may occur.pashahttps://www.blogger.com/profile/05320248412236208105noreply@blogger.comtag:blogger.com,1999:blog-7414102256417016270.post-28749801189333737722016-01-18T21:16:50.434+05:302016-01-18T21:16:50.434+05:305. What is understood by "dot-com rush of 199...5. What is understood by "dot-com rush of 1999-2000"? <br />A .com is a company that does most of its business on the Internet, usually through a website that uses the popular top-level domain ".com" (in turn derived from the word "commercial").<br /><br />in US it was high time for startups in1997. As internet penetration was high So all the internet companies expected to receive huge investments. Everyone who started startups used the .com domain to attract the visitors to their webpages. Assuming more visitors will generate more revenue .com was used widely across the US creating a bubble. All the startups underwent huge losses as the investments has not yieleded the desired results.pashahttps://www.blogger.com/profile/05320248412236208105noreply@blogger.comtag:blogger.com,1999:blog-7414102256417016270.post-91249227842387888072016-01-18T19:37:53.609+05:302016-01-18T19:37:53.609+05:304. What are the features of the Start-Up India Act...4. What are the features of the Start-Up India Action Plan released by the Government?<br />A. Start Up india action plan was launched to promote innovation, promote employment by making indians enterpreneurs rather than depending on foreign countries for investment for business models.<br />tax exemption for 3 years for startups<br />tax exemption for those who invest in the startups<br />80% investment will be funded back for successful startups.<br />mobile app and portal for clearances, approvals and registration<br />self-certify compliance on nine labour and environment laws through the startup mobile app.no labour laws will be inspected for 3 years<br /> govt to bear the cost of patents, trademarks and designs for a startup, with an 80% rebate to encourage the creation and protection of its intellectual property.<br /> debt funding through the formal banking system through National Credit Guarantee Trust Company (NCGTC)/SIDBI, which has an annual corpus of Rs. 500 crore for the next four years.<br />Startup India Hub on the lines of spike and hub model to support startups<br /> Startups may be wound up within a period of 90 days from making of an application for winding up on a fast track basis.<br />Atal Innovation Mission to encourage entrepreneurship and innovation<br />Innovation and Entrepreneurship Development Centres (IEDCs) to support and award INR 10 lakhs to 20 student innovations.<br />govt will identify and select ten incubators,with a world class model and award 10 crore eachpashahttps://www.blogger.com/profile/05320248412236208105noreply@blogger.comtag:blogger.com,1999:blog-7414102256417016270.post-28209434082149530632016-01-18T18:31:07.992+05:302016-01-18T18:31:07.992+05:303. What makes the government to come up with an ac...3. What makes the government to come up with an action plan for Start Ups in India?<br />A. The following are the reasons for the introduction of start up india .<br />ECONOMIC REASONS:<br />1. india is a developing country with growth rate of around 7%. this shows a large investment through FDI in india will be fallout.<br />2.India is a hub for service sector will a number of skilled manpower and labour force.Hence cheap availability of labour futher attracts the investors.<br />3.India is in demographic boom with the median age of 28 years. Hence energitic and dynamic young population.<br />ADMINISTRATIVE REASONS:-<br />Suceess of skill india programme, digital india, etc which gulf the gap of academia-industria disconnect. Hence it is high time to make the skilled youth to encourage to takeup enterpreneurship through self-styled business model<br />pashahttps://www.blogger.com/profile/05320248412236208105noreply@blogger.comtag:blogger.com,1999:blog-7414102256417016270.post-34810332798315280262016-01-18T18:22:35.589+05:302016-01-18T18:22:35.589+05:302. Why is India seeing such a rapid increase in nu...2. Why is India seeing such a rapid increase in number of Start-Ups?<br />A. India's demography turns into demographic boom with average median age of india is 28 which shows more number of labour force. Moreover, as the country is on the trajectory of growth it attracts larger investments in the sectors like manufacturing , food processing ,services etc. In addition to that the GOI is not leaving any stone unturned by turning steering the economy through schemes like MAKE IN INDIA to promote capital investment. To suit the needed employment demands , SKILL INDIA etc are being implemented to make the individuals beefed up with the knowledge and to tackle technology enabled services.<br />Moreover recent reports says that smartphone users will be 40 cr in 2018. Another report on internet penetration says that the internet penetration on mobiles is approximately 50%. Hence there is a much scope for the .com services to become the potential sectors of growth and engine to the economy.<br />pashahttps://www.blogger.com/profile/05320248412236208105noreply@blogger.comtag:blogger.com,1999:blog-7414102256417016270.post-4436912407485141552016-01-18T17:46:56.802+05:302016-01-18T17:46:56.802+05:301. What is a Start-Up? What are the criteria for a...1. What is a Start-Up? What are the criteria for a company to be recognised as a Start-Up?<br />A .startup is a temporary organization designed to search for a repeatable and scalable business model." The criteria to be a startup in india is that it shouldnot have the turnover of 25 crores in past 5 years. Its establishment shouldnot be beyond 5 years but working towards development, deployment and innovation of new products,processes and services.pashahttps://www.blogger.com/profile/05320248412236208105noreply@blogger.com