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Highlights of the Plan-1. Compliance Regime based on Self-certification. No inspection for 3 years of start-up businesses in respect of labour, environment law compliance post self-certification2. Startup India Hub – A single point of contact for the entire startup ecosystem3. Rolling out of a Mobile App & Portal –A mobile app will be launched on April 1 through which startups can be registered in a day. There will also be a portal for clearances, approvals and registrations.4. Fast track mechanism of Startup patent applications.There will be an 80 per cent rebate in patent costs5. Relaxed Norms of Public Procurement for Startups.To provide an equal platform to startups vis-a-vis the experienced startups/companies in public procurement, startups (in the manufacturing sector) shall be exempted from the criteria of prior ‘experience/turnover’ without any relaxation in quality standards or technical parameters.6. Faster Exit for Startups.Provision for fast-tracking closure of businesses have been included in ‘The insolvency and Bankrupcy Bill 2015’. Startups with simple debt structures may be wound up within a period of 90 days.7. Rs 10,000 crore Fund of Funds for funding support.Government will set up a fund with an initial corpus of Rs 2,500 crore and a total corpus of Rs 10,000 crore over a period of 4 years.8. Credit Guarantee Fund for StartupsCredit guarantee mechanism through National Credit Guarantee Trust Company/SIDBI shall be rolled out with a budgetary corpus of Rs 500 cr per year for the next four years.9. Tax Exemption on Capital Gains10. Tax Exemption to Startups for 3 Years (for startups registering after April 1, 2016)Also exemptions shall be given in case capital gains are invested in the fund of funds recognised by the government. In addition, existing capital gain tax exemption for investment in newly formed MSMEs by individuals shall be extended to all startups.11. Tax Exemption on Investment above Fair Market Value.In line with the exemption available to venture capital funds to invest in startups above fair market value (FMV), investments made by incubators above FMV shall also be exempted.12. Organising Startup Fests for Showcasing Innovation and Providing a Collaboration Platform.13. Launch of Atal Innovation Mission (AIM) with Self-Employment and Talent Utilisation (SETU) Program.Entrepreneurship promotion viaEstablishment of sector specific incubatorsEstablishment of 500 tinkering labs with 3D printers in universitiesPre-incubation training to potential entrepreneursEntrepreneurship promotion viaEstablishment of sector specific incubatorsEstablishment of 500 tinkering labs with 3D printers in universitiesPre-incubation training to potential entrepreneursStrengthening of existing incubation facilitiesSeed funding to high growth startupsInnovation promotion viaInstitution of innovation awards (three per state/UT) and three national levelProviding support to State Innovation councils for awareness creation and organising state level workshops/conferencesLaunch of Grand Innovation Challenge Awards for finding low cost solution to India’s pressing and intractable problemsStrengthening of existing incubation facilitiesSeed funding to high growth startupsInnovation promotion viaInstitution of innovation awards (three per state/UT) and three national levelProviding support to State Innovation councils for awareness creation and organising state level workshops/conferencesLaunch of Grand Innovation Challenge Awards for finding low cost solution to India’s pressing and intractable problems14. Harnessing Private Sector Expertise for Incubator Setup.PPP model being considered for 35 new incubators; 31 innovation centres at national institutes and 7 research parks, 5 new bio-clusters15. Building Innovation Centres at National Institutes16. Setting up of 7 New Research Parks Modeled on the Research Park Setup at IIT Madras.17. Promoting Startups in the Biotechnology Sector. Five new bio clusters, 50 new bio incubators, 150 technology transfer offices and 20 bio connect offices will be established.18. Launching Innovation Focused Programs for Students.Innovation core programs for students in 5 lakh schools.19.Annual Incubator Grand Challenge.

Well, he's actually introduced legislation - the "College for All Act" that spells it out:https://www.govtrack.us/congress/bills/114/s1373/summaryhttp://thomas.loc.gov/cgi-bin/thomasShort form:"This bill directs the Department of Education (ED) to award grants to states to eliminate tuition and required fees at public institutions of higher education (IHEs).""To offset the cost, this bill amends the Internal Revenue Code to impose a transaction tax on certain securities transfers. An individual taxpayer whose modified adjusted gross income does not exceed $50,000 ($75,000 for married taxpayers filing joint returns) is eligible for a tax credit for the amount of tax paid on covered transactions."A few more details, from the summary on Sanders' website:This legislation is offset by imposing a Wall Street speculation fee on investment houses, hedge funds, and other speculators of 0.5% on stock trades (50 cents for every $100 worth of stock), a 0.1% fee on bonds, and a 0.005% fee on derivatives.http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB4QFjAAahUKEwjK7oiU_JnIAhWBVD4KHTo_DGI&url=http%3A%2F%2Fwww.sanders.senate.gov%2Fdownload%2Fcollegeforallsummary%2F%3Finline%3Dfile&usg=AFQjCNFPaHel9X8Y7vhOP8TuwLhg2nnixw&sig2=JZqo-bz3NeRPuJWg3Jvd1ANote: this is a variant on the "Robin Hood Tax" concept -- essentially taxing folks who speculate on the market without adding value. I expect this will particularly hit "high frequency trading" -- which essentially leaches off the economy in a rather pernicious way.

As everything appears a nail to a hammer, so everything bends to market principles to a free marketer. However, healthcare isn't amenable to the free market.After all, we need healthcare the most when we are least in charge of ourselves and therefore least capable of negotiating a fair bargain on our own behalf. Loved ones would also be negotiating on our behalf with the proverbial gun to their heads. This is why a pure healthcare free market could only ever be a shakedown of a captive buyer by a seller engaged in a profiteering racket.Other developed countries have somehow understood this unalterable fundamental and accordingly arranged their healthcare systems to sustain some form of universal coverage while the US has unfortunately got its head stubbornly stuck up Ayn Rand's ass.November 19, 1945 was the closest the US came to a having a sensible healthcare policy when then-President Harry S. Truman proposed creating a federally run, universal health care plan, the national health insurance (NHI).Obviously that never came to pass and since then the US healthcare system has evolved to consist of an unnecessarily complex patchwork of private and public services, with most Americans reliant on employment-based private insurance (below from 1). Why are US employers involved in an individual's healthcare decisions anyway? How could a practice that so reeks of paternalism take root in the land of the free, home of the brave? Questions for sages of the ages to ponder.Implicitly assuming the current US healthcare system operates on free market principles is also inaccurate since it in fact doesn't. On the contrary, the evidence clearly suggests that the free market in the current US healthcare system is thumbs on the scale all the way. All too often free markets deviate wildly in practice from how they're supposed to operate in theory. Regulatory capture is usually the reason why.The current US healthcare system is best described as the monster child of singularly comprehensive regulatory capture and the population's learned helplessness, with hopelessly compromised US legislators serving as apparently hapless midwives; a system where patients, the people who should have the most say in what the system should be and how it should operate, instead turn out to have the least.The tyrannical hold of practices such as the Chargemaster - Wikipedia, fee-for-service and regulation-free drug pricing offer many unmistakable signs of deathly regulatory capture of the US healthcare system, which has thus become one that vainly attempts but fails to provide comprehensive yet affordable healthcare to all too many while those with deep pockets or in the US Congress avail of the best healthcare anywhere in the world.News reports on the US healthcare system are routinely replete with details of runaway costs that violate common sense, an unmistakable sign of thorough regulatory capture.A baby cost her mother's employer US $1 million (2).A US hospital charged $1877 to pierce a 5 year old's ears (3).Three stitches on a skinned knee cost $2299.11 while a child's forehead gash sealed with a dab of skin glue cost $1696 (4).Average pregnancy in the US costs $32093 (5) to $37341 on average (6), making US births the costliest in the worldA mother was bankrupted after giving birth to premature twins (7).The high price of insulin cost a diabetes patient his life from being compelled to engage in dangerous rationing (8).The Nobel Prize-winning physicist Leon Lederman auctioned his award for $756000 in 2015 to help pay for medical bills and care (9).Apparently no one knows how much anything can cost in a US hospital, from a knee surgery (10) to neck surgery (11) to ER visits (12).The normal laws of supply and demand don't work in the US drug market.For example, Novartis first marketed the anti-cancer drug, Gleevec (Imatinib), in 2001 with the price tag of $30000 per year and yet 11 years later in 2012, they priced it at $92000 per year, even as competitors had come up with comparable drugs in the interim. Instead of driving down cost as competition is supposed to do in a free market, Gleevec's price skyrocketed instead.More below on the extent to which drugs cost way more in the US than in other countries from 13.The gruesome irony is that, from the unlucky many at the bottom of the economic pyramid to the lucky few perched at its rarefied heights, all pay through their noses for the privilege of access to healthcare services in the US. Did I write all? My bad. US legislators avail themselves of the best healthcare at insultingly reasonable costs, thank you very much.Regardless how most of those at the receiving end fare, the sellers in this patchwork quilt are certainly making out like bandits, all at the expense of the US government, which gets bilked through its nose, as we see from the figure from 1. This means the US taxpayer gets bilked in turn, making US healthcare system a poster child for socialized cost-privatized profit.What else could happen after self-dealing lawmakers single-mindedly keep enacting legislations that prioritize healthcare product and service sellers at the expense of buyers/payers (public and private coverage) and consumers. This process has been in place for decades. A couple of salient examples,One of most consequential shots across the bow was the 1995 decision when the US NIH (14)“relinquished its right to require "reasonable pricing" on drugs and other products developed in cooperation between the Government and industry. The pricing policy had been opposed by business interests since it was imposed six years ago.Dr. Harold Varmus, director of the institutes, said the research agency would give up the option to review the introductory price of products developed from basic research sponsored by the Government. The policy was adopted in 1989 in response to criticism that drugs developed with substantial Government help were being marketed at excessive prices.”The Medicare part D expansion in 2003 deliberately hobbles Medicare from negotiating drug prices. If Medicare with its mammoth size can't negotiate drug prices, what chances the thousands of much smaller players in the US health insurance scene can do better?No surprise then that the US has the highest per capita prescription drug prices (below from 15).Innovations of the US healthcare system currently include such grotesqueries asPeople desperately soliciting funds from strangers on Go Fund Me to help pay for medical bills.Being able to declare personal bankruptcy to get medical debt forgiven.Job lock - Wikipedia, where millions of US workers toil in jobs they likely hate only so they can hang on to their employment-based healthcare coverage. This has all sorts of pernicious cascading effects, from poor morale and poor productivity at the individual level to lack of innovation and dwindling rates of entrepreneurship at the societal level.Adequate healthcare services fast evaporating in rural areas in lock-step with escalating costs that make operating them in such areas unsustainable.Patient dumping of indigents treated in ERs becoming ever more the norm as we see from viral videos of such malpractice.Popularity of medical NGOs like Remote Area Medical - Wikipedia who are greeted like rock stars when they swing through a town. This is literally true because RAM doles out free medical care at its pop-up clinics, which are usually held at local sports arenas, where people drive from even hundreds of miles away to camp out and stand in long queues to get access to even the most basic of medical services such as new eyeglasses or dental work.As costs soar to astronomical levels,US health insurance companies have taken to transferring more of the cost burden directly onto consumers through high-deductible plans and cost sharingUS employers, already stretched to breaking point from offering blindingly expensive health insurance plans to employees, are wholesale moving away from having employees altogether and instead opting for contractors sourced from staffing companies. When even global giants like Google have 1 contractor or more for every single full-time employee, it's obvious healthcare costs are literally breaking US companies' backs.Medical tourism where US patients access health services in poorer countries like India, which only deprives citizens of such countries even more of the already sub-optimal healthcare that already exists there.Such abominations have not only become the norm for many in the US, Americans themselves are so inured to this, they accept it as normal, quite a pathetic state of affairs indeed in the wealthiest country in the world.In a nutshell, US policy since the 1980s has systematically institutionalized price gouging and opacity on the part of service providers (sellers) even as it has hobbled the negotiating power of healthcare service payers, i.e., public and private coverage. Nothing in this process was inevitable or unavoidable. The public is largely apathetic, having been acculturated to the status quo through the process of learned helplessness. After all, how many Americans routinely live in other countries long enough to understand just how different and even equitable healthcare services could or indeed should be?The US is today thus ideal for those who are healthy and childless, a fool's paradise if ever there was one since even they are only a chance away from a catastrophic accident.Bibliography1. Dickman, Samuel L., David U. Himmelstein, and Steffie Woolhandler. "Inequality and the health-care system in the USA." The Lancet 389.10077 (2017): 1431-1441. http://www.rootcausecoalition.org/wp-content/uploads/2017/04/Inequality-and-the-health-care-system-in-the-USA.pdf2. 'We blame the sick for being expensive': the mother whose baby cost AOL $1m3. A Hospital Charged $1,877 to Pierce a 5-Year-Old’s Ears. This Is Why Health Care Costs So Much. — ProPublica4. As Hospital Prices Soar, a Stitch Tops $5005. Why does it cost $32,093 just to give birth in America?6. American Way of Birth, Costliest in the World7. Bankrupted by giving birth: having premature twins cost me everything | Jen Sinconis8. Insulin's High Cost Leads To Lethal Rationing9. Nobel Prize-winning physicist Leon Lederman dies at 9610. What Does Knee Surgery Cost? Few Know, and That’s a Problem11. After Surgery, Surprise $117,000 Medical Bill From Doctor He Didn’t Know12. Sarah Kliff brings transparency to ER prices, one hospital bill at a time13. Why the U.S. Pays More Than Other Countries for Drugs14. U.S. Gives Up Right to Control Drug Prices15. Kesselheim, Aaron S., Jerry Avorn, and Ameet Sarpatwari. "The high cost of prescription drugs in the United States: origins and prospects for reform." Jama 316.8 (2016): 858-871. https://preview.thenewsmarket.com/Previews/JOUR/DocumentAssets/446118.pdf