Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Guruprasad Mohapatra has informed that the union and state governments will reduce the compliance burden by 6,000 processes by August 15, 2021.
Key Points
- It will be a systematic exercise that will be divided into two phases- March 31 and August 15, 2021.
- The exercise will eliminate or reduce compliances, which have an adverse impact on the time and cost of businesses.
- These compliances are related to areas that do not require amendments in Acts and complex legal examination of rules.
- In phase 1, work is underway for reducing regulatory burden across 6 areas including inspections to be assigned randomly; renewal of licenses; returns/filings to be standardized, and digitization and simplification of all manual records or procedures.
- Maximum compliance burdens are in 5 union ministries – finance; commerce and industry; health; mines and corporate affairs.
- Out of the 6,000 burdens, 1,500 to 2,000 are at the Central level and the remaining 4000 are at the state.
- Besides compliance burden, the government has also undertaken removal of archaic laws and decriminalization of rules, he pointed out.
- The government is working on the creation of a single-window system for approvals and clearances with an aim to promote investments.
The system will be in place by April 15. In the beginning, 14 states will be involved in the process.
