The Ministry of Statistics and Programme Implementation (MoSPI) plans to compile a national business register of all business enterprises in the country that can be periodically updated. ET explains the purpose of this exercise.
What is a National Business Register?
Just as the National Population Register records the details of every citizen, the envisaged business register will have district-wise details of establishments engaged in production or distribution of goods or services. The details will include the name of an enterprise, its location, activities, type of ownership, number of workers and PAN/TAN. The register will list all business enterprises operating in the country.
How is it different from the data already being collected?
At present, the government conducts an Annual Survey of IndustriesNSE 1.43 % (ASI), which is the principal source of industrial statistics. It covers relatively bigger units relating to manufacturing and repair sub-sectors but doesn’t cover other industrial sectors. Besides, ASI covers only the organised sector. In contrast, the proposed business register will list all units registered for any economic activity including health, education and trade.
Source: Economic Times
