India has identified 6,000 burdensome compliances, both at the central and states levels, that would be eased as part of the government’s plan to make it easier to do business.
“A systematic exercise across the Centre and states is being undertaken to eliminate or reduce compliances which have an adverse impact on time and cost of businesses,” Guruprasad Mohapatra, secretary at the Department for Promotion of Industry and Internal Trade, said.
Mohapatra said most compliance burdens were seen in five ministries – commerce and industry, finance, health, corporate affairs and mines.
Out of the 6,000 compliances, 1,500-2,000 are at central level and the remaining at state.
Source: The Economic Times