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DPIIT seeks industry inputs to reduce compliances, improve business ease

SMEConnect-Desk

June 25, 2024

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Ways to promote ease of doing business, Jan Vishwas 2.0, World Bank’s upcoming B-READY index, and the national single window system, were discussed at a meeting chaired by Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Rajesh Kumar Singh. Officials said that this is the first of such interactions with industry and other stakeholders. We have taken inputs on many issues like reducing compliances and ease of doing business forward.

Under Jan Vishwas Bill 1, more than 40,000 compliances across the country have been eliminated or simplified and there is a significant push to reduce the burden of criminalization of many laws under its second edition. The World Bank’s Business Ready (B-READY) index is replacing its Doing Business Index and would assess the regulatory framework and public services directed at firms and the efficiency with which the regulatory framework and public services are combined in practice.

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