Narendra Modi or NaMo is perceived to head the new government in India. But is he ready to meet the expectations of the masses especially of entrepreneurs?  He may get an opportunity for changing the course of this country. The entrepreneurs especially young are looking up to him with great hope given that in the last decade no concrete measures have been taken to eliminate unwarranted delays in starting a business or for reducing hassles of reporting with various authorities. According to ease of doing business index, India ranked 134 in 2014.Why India is not able to climb up the ladder and still lagging behind? Why is it so hard to start a business in India compared to other emerging economies of the world? New government needs to take actionable steps to encourage entrepreneurship and investment in India. It has to pay high and right attention to improve India’s doing business rankings.  In this article, we will discuss what changes new government which is perceived to be headed by Narendra Modi can do to help overall business eco-system of India. Reduce time taken to start a business by automatic approval & Single window system The current structure has very difficult compliance requirement for businesses. New Government needs to plan for minimal regulation, compliance and remove paperwork hurdles for starting a business. The measures should be taken to reduce time taken to start a business in India which is currently more than 35 days. We as a consultant have to  convince and explain our clientele especially foreign clients, who comes and ask questions as to why in India the registration process takes 35 days while in other country it is just 24 hours, or 2 or lesser number of days than India. In addressing some of these challenges, the government should start auto approval system or “Straight through Process” procedure by casting more responsibility on the professionals. An entrepreneur in addition to registration of his business entity also has to go through the process of getting host of other state and central specifics registrations / approval like trade license, environment approval, Service Tax registration, Excise, VAT and a few more. The most difficult part of this is that these registrations are obtained from different departments of the State or Central government. Instead of going through all this processes, why can’t there be a single window(an online platform or offline) where he gets end to end information about the registration, compliances, taxes, etc. The platform should provide a common place to get clearances for central as well as state level formalities. Give Time bound Tax Exemption / relaxation to new businesses In terms of taxation, its time taking and complexity of the system results in a slow rise in new ventures. The New Government should simplify the tax rules; improve tax compliance and lower tax litigations. IT services giants like Infosys and Wipro benefited immensely with tax holidays on IT exports. Similar tax incentives are much needed for current IT startups as well and for startups in industries like healthcare and manufacturing. We have  written this article on YourStory.com . Click here to read  the full article.