GET OUT OF
THE WAY !
When Shri Modiji went to USA in Sept last , he visited
Mark Zuckerberg ( Facebook ) and Elon Musk ( Tesla )
Idea was to learn / find out :
How to go about creating a " Start Up Culture
" in India - similar to one prevailing in USA ?
What shall NDA Government do to encourage hundreds of Start
Ups to spring up in India ?
We may never know what exactly they told Shri Modiji
But , we can guess that it was somewhat along following
lines :
" Let them alone . Get out of their
way . "
My Suggestion :
" Enable them to start their ventures with
just ONE / SINGLE / ONLINE registration , on web site of Income Tax Department
by entering their Aadhar Number / Jan Dhan bank a/c Number , in order to get
exempted from Corporate Income Tax / Personal Income Tax , for 10 years "
If such advice sounds somewhat " Out of this World
" , here is proof of how US government goes about encouraging American
Start Ups , by " Getting Out of the Way "
By reversing decades old Space Law , last week , Barack
Obama signed a bill that will allow Private US companies and US citizens
, to mine asteroids / mine resources out of them / own the mined
materials they find etc !
Would you say, a giant step for " Mankind
" or for " American Start-Ups " ?
Idea is to :
* Get rid of unnecessary regulations
* Make it easier for private American
Companies to explore Space-Resources commercially
* Unleash America's imagination :
De-limit America's horizons
What should be a simple " definition " of a
Start Up in India ?
" Any person who is not a salaried employee
of another person or Organization and wants to become self employed
"
If my suggestion gets implemented , none of those 12
million Indians joining our work-force every year , would want a salaried job !
If you can’t explain it simply, you don’t understand it well enough.
-
Albert Einstein
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hemen parekh
02 Dec 2015
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