India banks on regulation changes

Reserve Bank of India plans to make the lives of entrepreneurs easier by simplifying rules and regulations around startups.

Reserve Bank of India has said that it will simplify the rules and regulations surrounding startup growth, according to the Times of India.

The announcement was made by Raghuram Rajan, governor of Reserve Bank of India. The changes are being made to give the startup sector in India a boost to remove the need for entrepreneurs to run from “pillar to post” in order to start a business.

Rajan pointed to various issues faced by entrepreneurs starting businesses such as complicated fundraising contracts to difficulties in selling a company.

Rajan said: "There have been a variety of cases when the entrepreneurs have come to us and told us that they want some relaxations.”

Reserve Bank of India is the central banking institute of the country. Initially it was privately owned while India was under British Rule. However, when the country became independent it was nationalised.

See more from this Government Report: India

Back

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Benson Hill to grow with $25m series B

    March 30, 2017

  2. Kaloom makes an impact with $10.7m series A

    March 28, 2017

  3. UK to review tax breaks

    April 03, 2017

  4. STT reinforces Armor with $89m investment

    April 06, 2017

  5. Bpifrance helps engineer $24m Segex buyout

    March 28, 2017

Events

  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events