PM inaugurates development works in Dhar, MP (See 'Corp Brief') Khattar leads National Launch with adoption of Bhalswa Dumpsite for Remediation (See 'Corp Brief') PMLA - While granting Bail in non-bailable offences where trial has not yet commenced, Court should consider nature & seriousness of offence, character of evidence, reasonable possibility of presence of accused not being required at trial: HC (See 'Legal Desk') ESIC to hold Health Camps across 160 Hospitals and 1,600+ Dispensaries (See 'Corp Brief') Armed Forces shape future roadmap at Combined Commanders' Conference 2025 (See 'Corp Brief') SEBI - Role of merchant broker is crucial as facilitator in securities market and every merchant broker shall abide by provisions of SEBI Regulations and various guidelines issued by Stock Exchanges: SEBI (See 'Legal Desk') Ministry of Mines advances India's Critical Mineral Mission (See 'Corp Brief') India embraces global partnership in healthcare: Pharma Secy (See 'Corp Brief') CMD, SAIL reflects on resilience, transformation and future readiness at Company's 53rd AGM (See 'Corp Brief') Hindustan Copper introduces Common Uniform for all (See 'Corp Brief') CCI nod to JSW Paints to buy 75% stake in Akzo Nobel (See 'Corp Brief') IBC – If substantial assets or a new line of business is discovered which goes beyond the capacity of the PRAs or where the existing PRAs will not be able to provide value for the same, fresh Form G may be required: IBBI (See 'Legal Desk') CBDT, field offices to undertake Special Campaign 5.0 for swachhata and efficiency (See 'Corp Brief') CCI approves acquisition of Jaiprakash Associates by PNC Infratech (See 'Corp Brief') CCI allows Triumph Composites to buy entire equity of IPM & OC India into Owens-Corning (See 'Corp Brief') Reddy launches Corporate Salary Package & Enhanced Ex-Gratia for Coal India Workforce (See 'Corp Brief') Competition Act - Conduct being indulged into by OP prima facie amounting to imposition of unfair conditions upon dealers by OP in sale of decorative paints, is contravention of Sec 4(2)(a)(i): CCI (See 'Legal Desk') PM inaugurates infra projects worth Rs 40000 Crores in Bihar's Purnea (See 'Corp Brief') India positioned to become world's top automobile manufacturer: Gadkari (See 'Corp Brief') Startup India-DPIIT signs MoU with CarDekho Group to strengthen ecosystem in mobility (See 'Corp Brief') Companies Act - If sale of disputed property was done with a fraudulent intention by concealment of fact qua pending winding up petition by directors qua purchasers, then process u/s 531, 531A, 533, 536(2), 537 of Companies Act is frustrated: HC (See 'Legal Desk') Nation gears up for Swachhata Hi Seva 2025 (See 'Corp Brief') EPFO Officer selected for World Bank - Milken Institute Program (See 'Corp Brief') Centre to promote research and preserve Heritage languages and traditions (See 'Corp Brief') Competition Act - Seller's right to withhold any gains from liquidation arises only when buyer refuses to lift contracted material and did not perform his part of contractual obligations: CCI (See 'Legal Desk') 'National Agriculture Conference - Rabi Abhiyan 2025' to begin in New Delhi today (See 'Corp Brief') A country cannot feel sense of pride if own people do not speak native language: HM (See 'Corp Brief') DFS organises PSB Manthan 2025 (See 'Corp Brief') PMLA - If additional proceeds of crime are unearthed by ED during further investigation, then it can inform CBI for taking further necessary action at their end: SAFEMA (See 'Legal Desk') IICA DG highlights ESG Integration and IBC 3.0 at Corp-Con 2025 (See 'Corp Brief') Prajapati Assumes Charge as Director of All India Institute of Ayurveda (See 'Corp Brief') SEBI - Fact that transactions in particular contract were reversed with same counterparty indicates prior meeting of minds with view to execute reversal trades at pre-determined price: SEBI (See 'Legal Desk') Board to Report what's Right what's Not (See CORP EINSICHT)

Print

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.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.