New Delhi:
Union Finance Minister Nirmala Sitharaman announced today that the government will launch the next phase of Ease of Doing Business – Ease of Doing Business 2.0.
Presenting the EU budget 2022-23 in parliament, the finance minister said the new phase will be led by the active involvement of states, digitization of manual processes and interventions, integration of the central and state-level systems through IT bridges, single-point access for all citizen-centric services, and standardization and removal of overlapping compliances.
Crowdsourcing of suggestions and ground-level assessment of impact with the active involvement of citizens and businesses will be encouraged, she said.
The finance minister stated that the “government’s aim is to improve the productive efficiency of capital and human resources” and that the government will follow the idea of ”trust-based governance”.
As a result of the government’s strong commitment to “minimum government and maximum governance,” more than 25,000 compliances were reduced and 1,486 Union laws were repealed in recent years, she stressed.
This is the result of the government’s trust in the public, along with measures such as Ease of Doing Business (EODB), Ms Sitharaman said.
The Finance Minister proposed to extend the scope of a single-window portal – PARIVESH – to provide information to the applicants. Information about specific approvals is provided based on the location of units. It makes it possible to request all four approvals through one form and track the process through Centralized Processing Center-Green (CPC-Green).
This portal, for all green permits, was launched in 2018. It has played an important role in significantly reducing the time required for approvals.
States will be encouraged to adopt the unique land parcel identification number to facilitate IT-based land registry management, as efficient use of land resources is a strong necessity. The facility for transliterating country records into any of the Schedule VIII languages will also be rolled out.
As a next step to increase transparency and reduce payment delays, the Minister of Finance proposed to launch a completely paperless, end-to-end online e-invoicing system for use by all central ministries for their purchases. The system enables the suppliers and contractors to submit their digitally signed invoices and claims online and track their status anywhere.
In order to reduce indirect costs for suppliers and contractors, the use of sureties as a substitute for bank guarantees in public procurement will be made acceptable, the finance minister said. She said companies like gold imports may also find this helpful. IRDAI has provided the framework for the issuance of suretyships by insurance companies.
The Finance Minister proposed creating a Task Force for the Promotion of Animation, Visual Effects, Gaming and Comics (GDPR) with all stakeholders to recommend ways to tap the immense potential of this sector to empower young people in and build domestic capacity to serve our markets and global demand.
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