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National Council of Applied Economic Research

The Government Better Be Prepared To Kiss The GST Bill Goodbye

Seetha
Indian Prime Minister Narendra Modi (L) and Finance Minister Arun Jaitley talk during an event to launch an initiative to bolster start-ups in New Delhi on January 16, 2016. Indian entrepreneurs will receive generous tax breaks and face dramatically reduced red tape when starting and closing a business, Prime Minister Narendra Modi said January 16, as he launched a pet initiative to bolster India's fast-growing startup scene. Speaking at a gathering of 2,000 entrepreneurs from India, Silicon Valley and elsewhere, Modi outlined a slew of measures under Start Up India including exempting startups from income tax for their first three years. AFP PHOTO / STR / AFP / STRDEL (Photo credit should read STRDEL/AFP/Getty Images)

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