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Govt Promises Startups a Free Run

Govt Promises Startups a Free Run

New Delhi: Commerce and Industry Minister Nirmala Sitharaman has assured the startup community that the government is only going to act as a facilitator and will not come in the way of doing things. 

"Many questions are being raised about the PM's slogan of minimum government and maximum governance with respect to startups," the minister said at the Start-up India States' Conference.

"The government moves in a certain direction and this debate has to be in the spirit that there has to an accountable system in place," she added. 

She said that if tax breaks have to be given to startups, the government has to identify the deserving ones. 

As of now the tax benefits are available only to firms incorporated after April 2016. She said "no rule is cast in stone" and startups are free to raise any issue with the industry department.

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