22000+ Compliance Reduced by Ministry
Indian Prime Minister, Shri Narendra Modi on Friday, 5 th March 2021, while addressing a webinar on the Production Linked Incentives scheme through video conferencing, highlighted the need for reducing compliances burden and said it is the effort of the government to reduce 6,000 compliances burden at the state and Central level this year.
He emphasized the need to make Indian companies and manufacturing being done in India, globally competitive and also, to create global recognition for our production cost, products, quality and efficiency. With the intent to ensure “Minimum Government, Maximum Governance” the Government of India embarked on an ambitious journey to reduce burdensome compliances.
- More than 22000 compliances reduced in Government.
- 103 offences decriminalized and 327 redundant provisions/laws removed by the Centre
- Exercise being carried out by Centre to simplify, decriminalize & remove redundant laws
- Ministry is working to strengthen & boost confidence of business owners
- Focus is to simplify & streamline procedures to run or start a business
- Changes were made into Company Law and LLP Law, Income Tax and GST etc.
- Various scheme were introduced under various Corporate Laws to support the business
- Further, Budget 2021-22 has proposed various measures to reduce regulatory compliance burden which will improve ease of doing business for industry and ease of living for citizens.
- The NSWS portal hosts approvals across 18 Central Departments & 9 States and another 14 Central depts & 5 states will be added by Dec’21.
Some of the iconic reforms, as stated by Shri Piyush Goyal ji, implemented by the Centre to ease compliance burden on citizens and businesses are-
1) Removal of distinction between Domestic and International OSP (other service provider) which will provide thrust to voice-based BPO and ITeS organizations in India,
2) liberalized access to geospatial data,
3) Introduction of ‘Mera Ration’ mobile app,
4) Introduction of single step online Aadhaar validation process for 18 services associated with Driving License and Registration Certificate.
5) 46 penal provisions of the Companies Act, 2013 and 12 offences under the Limited Liability Partnership (LLP) Act, 2008 decriminalized.
6) Through business process re-engineering, States/UTs have reduced time for granting approvals/licenses, eliminated physical touch points and brought transparency in inspections.
7) Single window clearances for new investors have reduced the time to start operations across businesses.
Reforms by State Governments:
- Licensing reforms,
- computerized central random inspection system,
- labour reforms,
- initiatives to support Medium, Small and Micro Enterprises (MSMEs) and
- promote industrial development in the true spirit of cooperative federalism.
Various initiatives taken by Ministry, to reduce Compliance Burden, that impact specific segments of citizens and businesses:
|1) Department of Telecommunications:||
|2) Department of Science and Technology:||
|3) Department of Food and Public Distribution:||
|4) Ministry of Road Transport and Highways:||
|5) Ministry of Education-||
|6) Ministry of Micro, Small and Medium Enterprises:||
|7) Department of Consumer Affairs:||
These statements were given by Shri Goyal, Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, Textiles while speaking at the National Workshop on Reducing Compliance Burden organized by DPIIT.
Source: Press Release id 1758852 & News articles
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