Update: Find the PM's plan of action in pictures here. Earlier today: We go live at the Startup India Standup India event being held in Delhi: (Live webcast here) 10AM: Nirmala Sitharaman: We’ve been engaging with the concerned ministries for synergies.. We recognise India’s change, people looking for government jobs is coming down. People looking to startup are on the rise… We’ve brought on board all ministries. Startups are playing a critical role in this country. In the last one year there’s a 50% increase in funding of startups in India… The Bankruptcy code is already in the parliament to help investors exit startups in India. Our (the government’s) fund is one among the several, and concerns about how the other startup funds will be. The government is looking to make the exit also. 10:10AM: Arun Jaitley: The Government will only be at an arm's length, essentially a facilitator, but negligible role in day to day interventions in the business. We broke away from License Raj in 1991. The consequence of that restricted startup/company growth, because government tried to control everything.. The break was partial. Who will be funded? Invisible controls of the state, land control, environmental clearances, FDI, political nod, along with large capital required, entrepreneurs were reluctant. We are trying to restrict the role of the state as a facilitator.. The piles of files in the FIPB has been removed. .@amitabhk87 curating candid Q&A session with ministers at #startupindia pic.twitter.com/6HfzheBVwQ — Startup India (@standup_startup) January 16, 2016 10:20AM: Investment is coming in a…
