oppn parties Startup India Gets Overwhelming Response

News Snippets

  • PM Modi tells BJP workers that India is in for a long battle against the coronavirus and there is no scope to feel tired or defeated
  • PM Modi asks ministers to focus on exports and new areas and sectors
  • PM Modi asks ministers to prepare business continuity plan post the lifting of the lockdown
  • Corona cases in India cross 4000 and the death toll stands at 124
  • The government decides to double the testing of corona suspects from 10000 now to 20000 in the next three days
  • Flipkart assures employees that there will be no job or salary cuts due to the COVID-19 pandemic
  • Although it was obvious, but the government still clarifies that there is no need to switch off appliances and only lights need to be switched off on April 5 at 9pm after confusion in the minds of some people
  • PM Modi and President Trump decide "to deploy full strength of (Indo-US) partnership" to fight against COVID-19
  • 17 states have reported 1023 cases of coronavirus linked to the Tablighi Jamaat, which translates to 30% of all positive cases in India
  • The government says people should not use alcohol-based hand sanitizers before lighting diyas or candles on April 5
  • The railways say there is no certainty yet when services will resume after the lockdown and a final decision will be taken in the next few days
  • As coronavirus cases multiply in Assam, six north-east states seal their borders with the state
  • Power System Operation Corporation Ltd. (POCOSO) putting all systems and protocols in place at war-footing to ensure there is no grid failure due to reduction in demand on April 5 at 9 pm
  • Power ministry scotches rumours that the power grid might fail due to the 9-minute blackout called by PM Modi on Sunday, April 5
  • Centre asks people to wear home-made masks if it is absolutely essential for them to step out of homes
26 nurses and 3 doctors test positive for COVID-19 at Wockhardt Hospital in Mumbai, facility cordoned off, no entry or exit permitted from the hospital
oppn parties
Startup India Gets Overwhelming Response

By Sunil Garodia
First publised on 2016-01-11 14:31:10

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
image courtesy: nasscom.in

The very fact that there were over one lakh requisitions for the approximately 1500 passes available for the government’s “Start Up India” show shows that budding talent wants to strike out on its own. Young India is now bursting with innovative ideas and it is our duty to ensure that the workable among them are allowed to flourish and the others are at least given a fair chance to try. Even if they fail, they will learn from their failures and perhaps come up with a better plan next time.

It is not as if innovation did not strike the Indian mind in the past. But most of it was crushed under bureaucratic red tape which found anything new and untried that deviated from existing norms as quirky. Outdated government norms have buried the dreams of generations of Indians. Those who got the chance left India and pursued it elsewhere. Others just rued their bad luck and pursued mundane things. In the process the nation was deprived of innovation and enterprise.

Controls and unnecessary bureaucratic interference are surefire ways of killing innovation. Normal bureaucrats go not understand new things. Normal financial channels are also not available to innovators as the banks are shy of taking risks as per existing norms. Hence, it is good the government is doing its share to kick-start the startups. The realization in government circles that startups have different needs is bound to change bureaucratic and banking mindset.

Private investors had recognized this fact long time back and had supported startups through incubation, handholding, mentoring and financing at various stages of their journey. While some investors have burnt their fingers in plans that failed, most have made good. That is the only reason why the startup space is buzzing and many more people are coming up with new ideas and more investors are also joining the party. But the government initiative is likely to expand the reach manifold. If done properly and without bureaucratic bungling, it will change for better the way India does business.