Broadband India Forum
Web 2.0 & Services => Technology => Topic started by: wiredlife on April 18, 2016, 08:00:44 AM
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The Narendra Modi led NDA's fresh lease of energy has translated into a range of interventions which distort the free market and could
herald the beginning of a new type of License Raj. For example,
The NDA has allowed 100% FDI in ecommerce but with bizarre riders (eg. the site has to have a marketplace (not inventory-oriented) model, the site cannot discount it products, the site has to have a specific imported:local mix, etc.
In a bid to encourage "start-ups", the NDA has said that companies need a certificate from the Government to be deemed a "start-up" and thus avail of the tax breaks that the NDA believes will catalyse innovation in India.