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Startups to get freedom from ‘License Raj of India’: Jaitley

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New Delhi: Aiming to expand the number of startups in India, Finance minister Arun Jaitley on Saturday said that his government will put a new tax regime for startups.

Claiming that the tax regime would usher in a new era for the startups, he further said, “it is a final break from the conventional License Raj of India”.

Underlying the importance of startups, the finance minister said that these small business organizations would serve as an alternate engine of growth during the poor phase of the world economy.

The Human Resource Development Ministry and the Department of science and Technology have agreed to jointly assist an initiative to set up 75 startups.

Notably, the HRD Ministry was already assisting the startup incubation centers in the NITS, IITs and IISERs.

‘Startup India’, held at Vigyan Bhavan witnessed the presence of over  1500 top entrepreneurs across the country.

During his address, Jaitley said “I must confess that we normally have a large number of formal launches in this plenary hall of Bigyan Bhawan. But this one is with a difference. Because it is probably the first time I see a large number of potential entrepreneurs here, most of whom I am not familiar with. Otherwise, at the formal launches, we always have the usual suspects.”

Masayoshi Son, founder and CEO of Soft Bank, and Travis Kalanick, founder of Uber were among the other speakers.

Prime Minister Narendra Modi is expected to meet with the entrepreneurs.(Inputs from agencies)

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Google Plans to Make Assistant More Powerful by Investing in Startups

Google invests in startups to make its Assistant smarter

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Google Kills off The Ability to Order an Uber in its Maps App
Google Kills off The Ability to Order an Uber in its Maps App. Pixabay

To make Google Assistant better, the company has announced a new investment programme for early-stage startups to build an enhanced digital assistant ecosystem.

The new initiative will include investment capital from Google to provide additional financial resources for the development, hiring and management of these startups.

The startups will get advice from Google engineers, product managers and design experts to share technical guidance and product development feedback.

“We’re welcoming companies across a diverse range of fields, including startups that are developing technologies that broaden the Assistant’s set of features,” Sanjay Kapoor, Vice President, Corporate Development at Google said in a blog post on Wednesday.

The programme will let startups access to the Google Cloud Platform — the suite of cloud computing services that run on the same infrastructure that it uses for products like Google Search and YouTube.

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Google. Pixabay

The first batch of investments has startups like “GoMoment”, a creator of “Ivy”, a 24/7 concierge for hotel guests, capable of providing instant answers to common questions.

Another early-stage startup is “Edwin” that prepares students looking to take English as a foreign language tests such as the “Test of English as a Foreign Language” (TOEFL).

“Edwin” combines advanced AI technology with the expertise of professional English teachers to tailor lessons according to individual needs, learning style and pace.

“BotSociety” startup has created a tool that allows developers to design, prototype and user test voice interfaces.

Also Read: Google Now Lets You Register Sites Ending In .app

More than 30,000 developers worldwide have designed their voice assistant applications using “Botsociety”.

“With aPulse Labs’, developers can test their applications with real people, quickly acquire in-depth insights, and use that feedback to refine the experience,” Google said.  (IANS)

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