Letter to BS: FM's assurance comes as a breather for 'genuine' start- ups

Apropos “Genuine start-ups can breathe easy” by Arup Roychoudhury and Indivjal Dhasmana (February 12), Finance Minister Piyush Goyal’s assurance certainly comes as a breather for our “genuine” start-ups. Here’s hoping that verification powers for proving themselves being genuine would not lie with the infamous income tax inspector. We are surely not seeking a return to the dreaded “inspector raj” with all its associated ills of rent seeking and hush money. Our start-ups are not only almost always short of funds, they also don’t have the manpower to deal with inspectors. The finance ministry will have to put in place a