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With reference to the National Startup Advisory Council (NSAC), consider the following statements:
1. It was constituted by NITI Aayog.
2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
With reference to the National Startup Advisory Council (NSAC), consid...
The Minister of Commerce and Industry, Shri Piyush Goyal today chaired the 4th meeting of National Startup Advisory Council (NSAC) in New Delhi.
- Department for Promotion of Industry and Internal Trade (DPIIT) had constituted the National Startup Advisory Council to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.
- Besides the ex-officio members, the council has non-official members, representing various stakeholders such as founders of successful startups.
NavIC Grand Challenge
- The Minister also launched NavIC Grand Challenge which aims at promoting adoption of NavIC as geo-positioning solution, a key proponent for digital Aatmanirbharta.
- The applications for the grand challenge are open on Startup India’s website (www.startupindia.gov.in) and it aims to identify and handhold solutions of startups which are engaged in developing NavIC enabled drones.
Hence only statement 2 is correct.
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With reference to the National Startup Advisory Council (NSAC), consid...
Explanation:
1. National Startup Advisory Council (NSAC)
The correct statement is option 'B' which is the second statement. The National Startup Advisory Council (NSAC) was not constituted by NITI Aayog, but rather by the Ministry of Commerce and Industry. The NSAC is a key initiative aimed at advising the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.
2. Objectives of NSAC
The primary objective of the National Startup Advisory Council is to provide recommendations on various aspects related to promoting and supporting startups in India. This includes policy interventions, fiscal incentives, and other measures that can facilitate the growth of startups and innovation in the country.
3. Composition of NSAC
The NSAC is chaired by the Commerce and Industry Minister and includes various stakeholders such as industry experts, investors, and representatives from the startup ecosystem. The council works closely with other government bodies and departments to ensure a coordinated approach towards supporting startups.
4. Impact of NSAC
Through its recommendations and advisory role, the National Startup Advisory Council plays a crucial role in shaping policies and initiatives that can create a conducive environment for startups to thrive. By providing strategic guidance and support, the NSAC contributes to the overall growth and development of the startup ecosystem in India.
In conclusion, while the National Startup Advisory Council was not constituted by NITI Aayog, its role in advising the Government on measures to support startups is essential for fostering innovation and entrepreneurship in the country.
1. National Startup Advisory Council (NSAC)
The correct statement is option 'B' which is the second statement. The National Startup Advisory Council (NSAC) was not constituted by NITI Aayog, but rather by the Ministry of Commerce and Industry. The NSAC is a key initiative aimed at advising the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.
2. Objectives of NSAC
The primary objective of the National Startup Advisory Council is to provide recommendations on various aspects related to promoting and supporting startups in India. This includes policy interventions, fiscal incentives, and other measures that can facilitate the growth of startups and innovation in the country.
3. Composition of NSAC
The NSAC is chaired by the Commerce and Industry Minister and includes various stakeholders such as industry experts, investors, and representatives from the startup ecosystem. The council works closely with other government bodies and departments to ensure a coordinated approach towards supporting startups.
4. Impact of NSAC
Through its recommendations and advisory role, the National Startup Advisory Council plays a crucial role in shaping policies and initiatives that can create a conducive environment for startups to thrive. By providing strategic guidance and support, the NSAC contributes to the overall growth and development of the startup ecosystem in India.
In conclusion, while the National Startup Advisory Council was not constituted by NITI Aayog, its role in advising the Government on measures to support startups is essential for fostering innovation and entrepreneurship in the country.
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With reference to the National Startup Advisory Council (NSAC), consider the following statements:1. It was constituted by NITI Aayog.2. It aims to advise the Government on measures needed to build a strong ecosystem for nurturing innovation and startups in the country.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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