The ‘Start-Up India’ initiative would encourage entrepreneurship among the youth of India.
NEW DELHI, AUG 15:
Prime Minister Narendra Modi today announced a new campaign ‘Start-up India; Stand up India’ to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation.
He also promised to do away with the current practice of interview-based selections for low-skilled government jobs.
The Prime Minister announced the ‘Start-Up India’ initiative, which would encourage entrepreneurship among the youth of India.
From the Red Fort, he said each of the 1.25 lakh bank branches should encourage at least one Dalit or Adivasi entrepreneur and at least one woman entrepreneur.
“We are looking at systems for enabling start-ups. We must be number one in start-ups... Start-up India; Stand up India,” he said, exhorting all bank branches to fund at least one start-up of tribals and dalits.
The initiative, Modi said, would give a new dimension to entrepreneurship and help in setting up a network of start-ups in the country.
As part of the Skill India and Digital India initiative, the Prime Minister said a package of incentives will be given to manufacturing units for generating jobs.
Modi also questioned the practice of “interviews” for recruitments even at relatively junior levels and asked departments concerned to end this practice at the earliest and promote merit by recruiting only through transparent, online processes.
The Prime Minister reiterated his government’s resolve to make India a developed nation by 2022, with a house and access to basic services like electricity to all.
Talking about the financial inclusive programme Jan Dhan, he said 17 crore bank accounts were opened. Although these were to be zero-balance accounts, people deposited a whopping Rs. 20,000 crore in them, reflecting the “richness of India’s poor”, he added.
The Prime Minister also spoke of the welfare schemes launched by the his government, including Atal Pension Yojana, Pradhan Mantri Suraksha Yojana, Pradhan Mantri Jeevan Jyoti Yojana, and the schemes launched for labour welfare.
He said 10 crore people have enrolled for social security schemes in a mere 100 days.
He said the government has resolved to provide electricity to all the 18,500 villages which still remain without power within the next 1,000 days. He also reiterated his vision for the development of eastern India.
(This article was published on August 15, 2015)The Hindu, Business Line
NEW DELHI: Prime Minister Narendra Modi today announced a new campaign "Start-up India, Stand up India" to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation.
Addressing the nation on the 69th Independence Day, he said, "We are looking at systems for enabling start-ups. We must be number one in start-ups... Start-up India; Stand up India."
The initiative, he said, will encourage entrepreneurship among the youth of India. Each of the 1.25 lakh bank branches should encourage at least one Dalit or tribal entrepreneur and at least one woman entrepreneur.
Under this, in addition to existing systems to facilitate start-ups, he said loans would also be given to help people.
The initiative, he said, will give a new dimension to entrepreneurship and help set up a network of start-ups in the country.
The Prime Minister also promised to do away with the current practice of interview-based selections for low-skilled government jobs.
He questioned the practice of "interviews" for recruitments even at relatively junior levels and asked departments concerned to end this practice at the earliest and promote merit by recruiting only through transparent, online processes.
As part of the Skill India and Digital India initiative, the Prime Minister said a package of incentives will be given to manufacturing units for generating jobs.
Addressing the nation on the 69th Independence Day, he said, "We are looking at systems for enabling start-ups. We must be number one in start-ups... Start-up India; Stand up India."
Under this, in addition to existing systems to facilitate start-ups, he said loans would also be given to help people.
The initiative, he said, will give a new dimension to entrepreneurship and help set up a network of start-ups in the country.
The Prime Minister also promised to do away with the current practice of interview-based selections for low-skilled government jobs.
He questioned the practice of "interviews" for recruitments even at relatively junior levels and asked departments concerned to end this practice at the earliest and promote merit by recruiting only through transparent, online processes.
As part of the Skill India and Digital India initiative, the Prime Minister said a package of incentives will be given to manufacturing units for generating jobs.
Story First Published: August 15, 2015 09:14 IST, NDTV India
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In the Budget, the government had announced a slew of measures to encourage start-ups, including setting up of India Aspiration Fund and Atal Innovation Mission.
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The Indian government is working on a number of incentives to boost startups and entrepreneurial ventures in the country including tax breaks and easier approval processes,reports The Economic Times.
As per the report, the Prime Minister’s Office is drawing up a to-do list to create an ecosystem to boost entrepreneurship in the country, as envisaged by Prime Minister Narendra Modi’s ‘Startup India, Stand Up India’ initiative.
The Progress Report on 'Start-Up India' etc...
Modi sarkar more concerned about grabbing headlines, lacks substance, says Arun Shourie
New Delhi: Arun Shourie, a BJP minister in the Vajpayee Cabinet, on Friday hit out at the Narendra Modigovernment, saying its economic policy was "directionless" while the social climate was causing "great anxiety" among the minorities.
Former Union minister in Vajpayee's cabinet Arun Shourie.
The 73-year-old journalist-turned politician said the one-year rule of Modi was "good in parts", his transformation as prime minister was good in foreign policy, but the promised turnaround in economy has not happened.
"The government seems to be more concerned with managing headlines than putting policies in place. The situation is like the many pieces of a jigsaw puzzle lying in a mess with no big picture in mind about how to put them together," he said in an exclusive interview with Headlines Today's Karan Thapar ahead of the first anniversary of the Modi government.
Shourie, who is not active in BJP these days, said despite promises the fears of foreign investors on retrospective taxes and incentives for manufacturing have not materialised on the ground.
"They (investors) require stability and predictability," he said, adding that the concern expressed by eminent banker Deepak Parekh on the situation on the ground should be seen as a "wake up call".
Asked if the Modi government had done enough to put India on growth path, Shourie said that it was "all hyperbole".
"Such claims are meant to grab headlines but lack substance," he said.
He was also critical of handling of the tax issues which was keeping foreign investors away. "First it alienated them but now it has made them laugh. You come out as bullies."
On the social front, Shourie said there was "great anxiety" among the minorities in the wake of the incidents of attack on Christian institutions and the "Ghar Wapsi" and "Love Jihad" campaigns.
He was critical of Modi's "silence" on issues relating to social tensions on account of activities of right wing organisations and statements by some party MPs and leaders.
"You tweet when Sania Mirza wins championship or greet someone on birthdays but you don't do such things when moral questions are involved. People doubt why he is silent," he added.
Referring to former IPS officer Julio Ribeiro's recent anguish that he felt like an "outsider" against the backdrop of attacks on churches, Shourie said when people of such standing make such remarks it means things have gone too far.
"We have to wake up," he said, adding that people like Ribeiro and former Punjab top cop KPS Gill had saved Punjab for India.
Talking about alienation of Muslim youth in the context of "Love Jihad" and Moradabad violence, Shourie said, "if 100 Muslim youth come together and conclude that we are not getting justice here and that ISIS is right then we have a problem at hand".
Replying to questions, Shourie said Modi, Amit Shah and Arun Jaitley were running the party. "It has offended the opposition as well as frightened the members of the BJP," he said.
"They are the ones responsible for mistakes and they are also the Supreme Court. The three leaders are not getting proper feedback and no corrective action takes place," he said.
Shourie also invoked the controversial monogrammed pin-striped suit that Modi wore during his interaction with US President Barack Obama earlier this year.
"It was inexplicable, incomprehensible and a big critical mistake," Shourie said. "I fail to understand why he accepted and then wore that suit. You cannot take Gandhiji's name and wear such a thing," he said, adding, it was good that he disposed of it quickly.
PTI
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