NITI Aayog, IDFC Institute to conduct survey on ease of doing business

NEW DELHI(PTI): NITI Aayog and IDFC Institute will jointly conduct a survey of manufacturing companies, including startups, across India as part of ease of doing business enabler.

“Ease of Doing Business is a major initiative of the government. Towards this end, NITI Aayog, in collaboration with IDFC Institute, is conducting an Enterprise Survey of manufacturing firms, including startups, across all states and union territories,” NITI Aayog said in a statement.

The National Institute for Transforming India (NITI) Aayog said the objective of the survey is to assess the business regulatory environment in each state and union territory (UT).
“It also seeks to identify policy and regulatory hurdles faced by businesses in the states/UTs,” the Aayog said. The survey will bring out a comprehensive analysis and report on state-level performance, it added.
The NITI Aayog-IDFC Institute Enterprise survey will complement the government’s ‘Make in India’ initiative by taking stock of issues faced and providing impetus for state-level reforms that will make it easier to do business in India, while fostering competitive and cooperative federalism, said the Aayog.
Last month, a Parliamentary panel suggested several steps such as urgent requirement to reduce procedures and time period for registration of a company in order to improve India’s ranking in ease of doing business.
The committee observed that the issue of construction permits is a grey area in the Ease of Doing Business scenario and there is an urgent need for introduction of fast track building plan approval systems.
On the parameter of registering property, it suggested uploading standardised formats of documents like sale deed on website of all state governments. On paying taxes, India ranked 157th out of 189 countries in 2015.The panel said there are far better ways to resolve tax issues instead of resorting to coercive methods to recover taxes.

It also recommended preparation and implementation of a national single online application for getting all necessary documents and no-objection certificates.

Further, it suggested that the issue of environmental clearances needs to be aligned in a manner that the ministry is in a position to say yes or no within a specific timeline and let the investor take a decision whether to invest or not. India ranks 130 out of 189 countries in the World Bank’s report on ease of doing business.

Posted by on January 17, 2016. Filed under Nation. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.