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Comment by falloutx | Hacker News Reader

Why should people's tax money go to opening businesses. Fuck that! And You're giving them easy exit and shit, so they can totally screw up the money. I know that 99% of startups fail, and thats horrible, and that should not happen.

Why should people's tax money pay for IP rights and shit. This is totally brutal for Indian people. Their tax money should be used for roads, security and other critical shit. After thats done, they can open startups themselves. And Government should keep thier hands out of business.

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India has a huge population and there is a shortage of jobs. Rather than job seekers, India needs more job creators. This initiative will give people incentive to take up entrepreneurship.

There are lot of people who are simply overworked. We don't need more jobs, just good labor laws.

Unemployment is usually kept high by having some workers overworked. This keep labor costs low. Also increases the costs of things so that employment becomes necessary. Oldest trick in the BOOK.

There is no way that everyone in a country will be working. Governments can't ensure that everyone has a job. Government's job is to build the Infrastucture and providing basic services.

i completely agree with you. I know how much teachers are overworked for every public activity. elections to census etc..this initiative going to help huge for tatas/birlas/ambanis. India still need critical infrastructure, education, health, helping majority (60-70%) of the people to bring out of poverty by providing them to succeed in agriculture. why not india become the hub for food rather than killing the seed by giving away rights to foreign companies like monsanto! So unfortunate!

I thought the same. Tax exemption on particular kind of startups would be great - agriculture, education, etc... Tax exemption on all startups could be disaster.

why no inspections for 3 years?

All govt needs to do is clean up the broken infrastructure, get rid of archaic laws, help people out by reducing mountain loads of paper work required, put in place a flat tax structure, and have some laws to ensure consistency and integrity to the way it operates.

I do not claim to know all the details here. Note that India has lot of unique problems (e.g. low purchasing power x poverty x scale). My guess is that the fund will go to start-ups which will help solve big problems of India and not the ones likes of Airbnb or next E-Comm platform. The prime minister mentioned and urged entrepreneurs to also focus on agriculture, healthcare for masses, etc.

India does not have any unique problems you mentioned. China has almost all of those. Africa has low purchasing power and poverty. Europe has language and cultural issues. Unemployment is high in almost all of the world since "Personal Computers".

>and other critical shit

I understood that reference.

Yup. That was the inside joke.

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