• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Govt of India Might Exempt Startups from Labor Laws

by Chinmay Bidkar
January 16, 2017
in News
Reading Time: 2 mins read
0
Govt of India Might Exempt Startups from Labor Laws
TwitterWhatsappLinkedin

startup labor laws

You might also like

Judge Temporarily Blocks Trump Administration from Revoking Harvard’s Ability to Enroll Foreign Students

Louisiana Becomes First State to Adopt DOGE Voter Maintenance Database

Fire Erupts at Elon Musk’s X Data Center, Sparks Concern Over Safety and Expansion

16 January 2016, India:

The Government of India might exempt startups from labor laws and other local laws in the state as per ET report.

“PM Modi is an adherent supporter of startups and we might see more initiatives been taken by the central government for startups soon” said Ramesh Abhishek, secretary, DIPP.

“The Centre has approached all state governments with a proposal to provide an exemption from certain laws for startups,” Abhishek said.“Up till now 10 states have agreed to do it,” he added, however, the details have yet to be discussed with each state.

Also read- IS RAJEEV CHANDRASEKHAR THE BIGGEST INVESTOR IN ARNAB GOSWAMI’S ‘REPUBLIC’?

K Prakash stated, “Compliances with the various Govt departments like Trade License, Professional Tax, PF consume a big chunk of the productive hours of a startup. We would not additionally harp about the compliance costs which seems to be a recurring factor in the startup scenario. Under this scheme, startups shall be allowed to self-certify their compliance (through Mobile App) with 9 Labor Laws and Environmental Laws. Further, with regards to the labor law compliance, the concept of inspection has been done away with for three years. However, startups may be inspected on the basis of a written complaint filed for violation subject to approval of atleast 1 level senior to the Inspecting officer.”

“On the funding front, the government would soon categorize startup funds into early-stage and growth-stage funds,” Abhishek said, adding that the purpose of categorizing is to create focussed funds that could be more promptly and effectively deployed. (Source- ET / Image- fromstartuptogrowup.com)

Also read- AIRTEL PAYMENTS BANK COMMENCES WITH INITIAL INVESTMENT OF RS 3000 CR
Tags: DIPPfundingGovernment of IndiaInvestmentRamesh AbhishekStartup Indiastartups
Tweet54SendShare15
Previous Post

Enantra 2017: Entrepreneurship Mantra Festival By College Of Engineering, Guindy

Next Post

Founders Sumit Jain, Vikas Malpani and Lalit Mangal Quit CommonFloor

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Judge Temporarily Blocks Trump Administration from Revoking Harvard’s Ability to Enroll Foreign Students

by Anochie Esther
May 24, 2025
0
Trump

In a pivotal ruling on Friday, a federal judge temporarily halted the Trump administration’s effort to strip Harvard University of its ability to enroll international students a move...

Read more

Louisiana Becomes First State to Adopt DOGE Voter Maintenance Database

by Anochie Esther
May 24, 2025
0
Louisiana

In a significant move to modernize and clean up its voter registration rolls, Louisiana has become the first state in the country to adopt the federal government’s new...

Read more

Fire Erupts at Elon Musk’s X Data Center, Sparks Concern Over Safety and Expansion

by Anochie Esther
May 24, 2025
0
Fire

On an quiet Thursday morning, Firefighters rushed to the Hillsboro Technology Park at 10:21 a.m. after receiving reports of a fire. What they encountered was a smoke-choked room...

Read more
Next Post
Founders Sumit Jain, Vikas Malpani and Lalit Mangal Quit CommonFloor

Founders Sumit Jain, Vikas Malpani and Lalit Mangal Quit CommonFloor

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?