Govt has scrapped 1,200 laws for startups: NITI Aayog CEO
NITI Aayog CEO Amitabh Kant has said the government has scrapped around 1,200 complex laws for easy registration of startups to encourage entrepreneurs. "Today one can register a company in a day and for an MSME, it takes around five minutes to register," he added. Kant also explained that entrepreneurship has to be promoted to create wealth in India.