Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Monday, 6 March 2017

“ Slow and Steady “ loses the race !



Business Line ( 07 March 2017 ) carries following news :


“ Government to give a leg up to start-ups “


DIPP to make  DEFINITION  more inclusive , re-look tax benefits for some 200 start-ups

To give further impetus to the start-up ecosystem, the government will , before the end of this month, re-look the DEFINITION of start-ups, revisit the tax benefit eligibility of 200 odd start ups, and work towards enabling incorporation of companies within six days

“ Just as we are re-looking the DEFINITION of MSME , we would like to re-look at the definition of start-ups to be more inclusive of the ground realities “ , said Ramesh Abhishek , Secretary, DIPP

Speaking at IVCA’s Annual India Alternative Conclave 2017 here on Monday, he said the government is committed to strengthening the start-up ecosystem and was not hung up on the  DEFINITION  aspect




Dear Shri Abhishekji  :


This is indeed a great news , considering that the original  DEFINITION  ( of a Start-Up ) was quite daunting , as pointed out in my following blog / email ( 20 Jan 2016 ):

START UP RE-DEFINED


No doubt , you have read the  DEFINITION  of a Start Up in the Start Up Action Plan document


I have tried to envisage below, how that might look on that Mobile App for Registration :


*   Is yours a Private Ltd Co / LLP / Partnership  ?.................. ……….  Yes  /  No


*   Is your Company more than 5 years old ?....................................Yes  /  No


*   Is your Start Up formed by splitting an existing business ?............. Yes  /  No


*   In last 5 yrs, has your turnover exceeded Rs 25 Crores ?.................Yes  /  No


*   Is your product/service " DIFFERENTIATED "  ?.............................. Yes  /  No


*   Is your product / service " COMMERCIAL "  ?.................................. Yes  /  No


*  Is your product / service " INNOVATIVE "  ?..................................... Yes  /  No


Is your product / service driven by ,
    " TECHNOLOGY  / INTELLECTUAL PROPERTY "  ? ...............................Yes /  No


Is your product/service ,

   " NEW / SIGNIFICANTLY IMPROVED "  version "  ?.................... .......... Yes / No

  
Does your product/service add " VALUE " to customers  ?..................... Yes / No


Does your product/service add " VALUE " to " WORKFLOW " ?............... Yes / No


Have you got certification  from Inter-Ministerial Board ?....................... Yes /  No


Have you got recommendation from Incubator in Post Grad Indian College ?.Yes / No



I hope Shri Narendra Modiji asks you to accompany him to his planned visit to Israel , in the near future , so that , together , you may get an idea of :


The  Spirit  of  Israel  ( 19  Feb  2017  )




If we want to win the “ Start-Up Race “ , we will need to give up on our “ Slow and Steady “ approach and hurry up to implement :


·          Blue  Print  for  a  Start Up  Nation  (  27  Dec  2015  )




·         A NEW ECONOMIC ORDER ? aka " Start Up Act - 2015 "( 12  Sept  2015 )


      { https://myblogepage.blogspot.in/2015/09/a-new-economic-order.html  }



 

With 5G internet around the corner , it will be no more,


·         Big will eat up the Small

It will be ,

·         Fast overtake the Slow  !

 

 

07  March  2017

www.hemenparekh.in / blogs




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