8.21 lakh houses to be constructed under PMAY-G: Chauhan (See 'Corp Brief') A&C - Where reference application u/s 8 was made long after expiry of outer limit of 120 days from date of service of summons, such reference could not be construed to have been made at earliest: HC (See 'Legal Desk') CCI okays sale of 34% equity of Ashoka Concessions to Ashoka Buildcon (See 'Corp Brief') Trade Marks Act - Defendants have been unauthorisedly using mark 'TATA': HC (See 'Legal Desk') IBC - During CIRP, RP is continuously making payment of license fees and Applicant is accepting that payment, so there is no merit in prayers made by Applicant seeking possession of property: NCLT (See 'Legal Desk') 100% coverage under Social Security Schemes for All BoC workers urged (See 'Corp Brief') Indian Limitation Act - Execution application has not been filed beyond period of limitation: HC (See 'Legal Desk') India Energy Week 2025 to redefine Global Energy Dialogue (See 'Corp Brief') A&C - High Court which exercises original civil jurisdiction can't be classified as 'Court' for purpose of Sec 42 of Arbitration Act when it merely appointed arbitrators u/s 11(6): HC (See 'Legal Desk') C-DOT, IIT Mandi sign MoU for developing Semiconductor Chip (See 'Corp Brief') A&C - Order passed u/s 11 based on arbitration clause, cannot be recalled merely on ground that reply given to notice u/s 21 was suppressed: HC (See 'Legal Desk') 40 Livestock Projects Worth More than Rs. 545 Crores to be inaugurated (See 'Corp Brief') Misc - Supreme Court calls for report from Union Government on effective availability of video conferencing facility for lawyers & litigants in Tribunals functioning within its jurisdiction: SC (See 'Legal Desk') SECL launches Post-Retirement Benefit Cell (See 'Corp Brief') FEMA - Mere delay in submitting export documents would not disqualify credit advanced as 'export credit': HC (See 'Legal Desk') Minister urges J&K youth to embrace Start-ups (See 'Corp Brief') PMLA - Initial complaint can be filed by ED u/s 44 of PMLA, even if investigation is not fully completed: HC (See 'Legal Desk') FRs act of modifying of usual modus operandi of front running, by adopting novel approach to benefit from NPI with respect to substantial impending transaction of Big Client, calls for stringent action: SEBI (See 'Legal Desk') PLI 2.0 fueling India's IT Hardware Revolution (See 'Corp Brief') Contempt of Courts Act - Contempt petition which is attempt to wriggle out of conundrum which petitioner is facing in proceedings before DRT, should not be allowed: HC (See 'Legal Desk') Stamps Act - Rejection of petitioner's bid is wrong and arbitrary on ground that affidavit is not containing stamp of notary: HC (See 'Legal Desk') Roadshow on Offshore Mineral Blocks Auction to be held in Kochi (See 'Corp Brief') IBC - IBC being complete code in itself, having sufficient checks & balances, exercise of supervisory & judicial review powers by High Courts demands rigorous scrutiny and judicious application: SC (See 'Legal Desk') IWDC to invest Rs 50,000 crore in five years (See 'Corp Brief') Companies Act - Continuance of present proceedings qua petitioner would amount to abuse of process of Court : HC (See 'Legal Desk') IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT (See 'Corp Brief') A&C - When statute provides for express agreement in writing, there can be no novation of agreement found, by reason only of appointment of Arbitrator at first instance: HC (See 'Legal Desk') AWBI, NALSAR University sign MoU to train Animal Welfare Representatives (See 'Corp Brief') FEMA-Penalty cannot be imposed without reasonable opportunity of being heard: TRIBUNAL (See 'Legal Desk') Union Minister inaugurates '5G Use Case Test Lab' at CMPDI, Ranchi (See 'Corp Brief') Arbitration Act - Commercial Court has no jurisdiction to adjudicate application u/s 9 of the A&C Act due to exclusive jurisdiction clause in contract agreement : HC (See 'Legal Desk')

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Single Window System working well to promote investment: MoS

Published: Aug 07, 2024

By TIOLCorplaws News Service

NEW DELHI, AUG 07, 2024: THE Government has taken several steps to boost investments and attract more industrial activities in the country. The Government of India, through Department for Promotion of Industry and Internal Trade (DPIIT) and other Central Ministries/ Departments, provides an enabling eco-system for the overall industrial development of the country through appropriate policy interventions. In addition to on-going schemes of other Ministries/ Departments, this Department has taken various steps for promotion and facilitation of  industries across States/UTs, which includes Andhra Pradesh, Maharashtra and Uttar Pradesh, such as Make in India, Start-up India, PM GatiShakti, National Industrial Corridor Programme, Production Linked Incentive (PLI) Scheme, promoting Ease of Doing Business (EoDB) and reducing compliance burden, National Single Window System (NSWS), India Industrial Land Bank, Project Monitoring Group (PMG), liberalization of FDI policy, Indian Footwear and Leather Development Programme (IFLDP) Scheme, etc. An institutional mechanism to fast-track investments has been put in place, in the form of Project Development Cells (PDCs), in all concerned Ministries/ Departments of Government of India.

In addition, the Government has implemented various measures to stimulate Foreign Direct Investment (FDI) inflows. The Government has put in place an investor friendly policy, wherein most sectors except certain strategically important sectors, are open for 100% FDI under the automatic route. Almost 90% of the FDI inflow is received under the automatic route. India continues to open up its economy to global investors by raising FDI limits, removing regulatory barriers, developing infrastructure and improving business environment.

The Government has taken initiatives to simplify, rationalize, digitize and decriminalize Government to Business (G2B) and Citizen Interface across all the States/UTs with the objective to improve Ease of Doing Business and Ease of Living. So far, more than 42,000 compliances have been reduced and more than 3,800 provisions have been decriminalized. Jan Vishwas (Amendment of Provisions) Act, 2023 was introduced to further the trust-based governance and enable de-criminalization of minor offences and compliance-based laws and requirements. The Act decriminalized 183 provisions under 42 Acts administered by 19 Ministries/Departments. India ranks 63 rd in the World Bank's Doing Business Report (DBR), 2020 published in October, 2019. India's rank in the DBR improved from 142nd in 2014 to 63rd in 2019, registering a jump of 79 ranks in a span of 5 years.

The Department for Promotion of Industry and Internal Trade (DPIIT) has developed the National Single Window System (NSWS) portal as a one-stop for taking all the regulatory approvals and services in the country. NSWS platform aims to streamline the G2B ecosystems and further promote ease of doing business in India. The platform promotes Accountability, Information Symmetry and Transparency within the G2B ecosystem by providing a national portal, PAN based verification and registration and access to more than 270+ G2B services at the central level. Thus, it also eliminates the need for multiple interfaces and registrations for businesses to avail requisite G2B services. The national portal integrates the existing clearance systems of the various Ministries/ Departments of Govt. of India and State Governments. Currently, approvals of 32 Central Ministries/ Departments and 28 States/UTs Single Window Systems have been integrated with the NSWS Portal. A total of 277 Central approvals and 2,977 state approvals can be applied through NSWS. Information pertaining to 653 central approvals and 6,198 state approvals are available to businesses via the Know Your Approval (KYA) module of NSWS.

This information has been provided by the Union Minister of State for Commerce and Industry, Jitin Prasada in a written reply in the Lok Sabha yesterday.

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