Parliamentary Sub-Committee advises the Govt to change the regulatory regime on the ground
Updated: Jan 04, 2016 05:32:21pm
New Delhi, Jan 4 (KNN) A Parliamentary sub-committee on ease of doing business has strongly criticised the State and Central Government for the wide disparity in paper resolutions and ground situations on facilitating doing business in India.
The sub - Committee constituted by the Chairman of the Department Related Parliamentary Standing Committee on Commerce to specifically to examine various issues involved and to suggest changes so as India improves its 'Ease of Doing Business' rankings and attains a rank within the top 50 Countries by the year 2017.
The ‘Ease of Doing Business’ report is brought out by the World Bank to rate the business support environment in the member countries and as per the latest report the global standing of India in ‘Ease of Doing Business’ is Currently, India’s position is 130th amongst the 189 economies in the world.
Though there has been an improvement of 12 ranks from that of last year, India continues to rank even lower than neighbouring countries like Nepal (94th
rank) and Sri Lanka (107th Rank) and amongst the BRICS Nations.
Russia has improved its ranking by over 50 points to 51st rank and China placed at 84th rank.
This Sub-Committee has flagged in its report, recently tabled in the Parliament, areas where there is need for improvement and where small incremental changes can bring about appreciable change in the business environment.
The first recommendation of the committee is to start an unique business ID number which should incorporate all the information regarding a particular business and taken as the sole reference for registration and other regulatory processes.
The Committee has also advised the Government to eliminate the basic need of verification, certification, and digital signature through linking of AADHAR, PAN and Passport.
The Committee also advised the central Government to evaluate the performance of the States in ease of doing business as a continuous process as States remain the key units on whom the Country’s progress depends.
Coming down heavily on the taxation authorities, particularly income tax department, the Committee has advised that the focus of the Department should be on non-intrusive measures through data collection linkage of information received from different sources to correlate this data into actionable intelligence.
The committee has also advised that there should be steps to promote voluntary compliance and to impart confidence in tax payers that they are dealing with a fair and judicious tax administration.
The Committee has also made some far reaching recommendations in the areas of Building permissions, environmental clearances, border trade…. Almost every area which concerns ease of doing business. (KNN/ DB)
The sub - Committee constituted by the Chairman of the Department Related Parliamentary Standing Committee on Commerce to specifically to examine various issues involved and to suggest changes so as India improves its 'Ease of Doing Business' rankings and attains a rank within the top 50 Countries by the year 2017.
The ‘Ease of Doing Business’ report is brought out by the World Bank to rate the business support environment in the member countries and as per the latest report the global standing of India in ‘Ease of Doing Business’ is Currently, India’s position is 130th amongst the 189 economies in the world.
Though there has been an improvement of 12 ranks from that of last year, India continues to rank even lower than neighbouring countries like Nepal (94th
rank) and Sri Lanka (107th Rank) and amongst the BRICS Nations.
Russia has improved its ranking by over 50 points to 51st rank and China placed at 84th rank.
This Sub-Committee has flagged in its report, recently tabled in the Parliament, areas where there is need for improvement and where small incremental changes can bring about appreciable change in the business environment.
The first recommendation of the committee is to start an unique business ID number which should incorporate all the information regarding a particular business and taken as the sole reference for registration and other regulatory processes.
The Committee has also advised the Government to eliminate the basic need of verification, certification, and digital signature through linking of AADHAR, PAN and Passport.
The Committee also advised the central Government to evaluate the performance of the States in ease of doing business as a continuous process as States remain the key units on whom the Country’s progress depends.
Coming down heavily on the taxation authorities, particularly income tax department, the Committee has advised that the focus of the Department should be on non-intrusive measures through data collection linkage of information received from different sources to correlate this data into actionable intelligence.
The committee has also advised that there should be steps to promote voluntary compliance and to impart confidence in tax payers that they are dealing with a fair and judicious tax administration.
The Committee has also made some far reaching recommendations in the areas of Building permissions, environmental clearances, border trade…. Almost every area which concerns ease of doing business. (KNN/ DB)
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