Nirmala Sitharaman says:
New Delhi:
Union Finance Minister Nirmala Sitharaman today announced that the government will launch the next phase of the Ease of Doing Business 2.0.
Presenting the 2022-23 Union Budget in Parliament, the Finance Minister said the new phase will be guided by active state participation, digitization of processes and manual, integrated interventions central and state-level systems through IT bridges, single-point access to all citizen-centric services, standardize and eliminate overlapping compliances.
Community sourcing of proposals and grassroots impact assessments with the active participation of residents and businesses will be encouraged, she said.
The Finance Minister said it was “the government’s effort to improve the productive efficiency of capital and human resources” and that the government would follow the idea of ”trust-based governance”.
Due to the government’s strong commitment to “minimum government and maximum governance”, more than 25,000 compliances have been reduced and 1,486 Union laws have been repealed in recent years, she points out. .
Ms. Sitharaman said this is a result of the Government’s trust in the public along with measures such as Ease of Doing Business (EODB).
The Minister of Finance proposed to expand the scope of the one-stop portal – PARIVESH – to provide information to applicants. Based on the location of the units, information on specific approvals will be provided. It will allow to apply for all four approvals through a single form and track the process through the Centralized Processing Center-Green (CPC-Green).
This portal, for all green spaces, was launched in 2018. It has been a tool that has greatly reduced the approval time required.
Countries will be encouraged to adopt Unique Plot Identifiers to facilitate information technology-based management of land records as efficient use of land resources is a requirement. necessary. Facility to translate land records in any of the languages listed in Table VIII will also be implemented.
To enhance transparency and reduce payment delays, the Minister of Finance proposed that a completely paperless, end-to-end Online Electronic Invoice System would be implemented for all central ministries. used for their shopping activities. The system will allow suppliers and contractors to submit their electronically signed invoices and requests online and track their status from anywhere.
In order to reduce indirect costs for suppliers and construction contractors, the use of guarantee bonds as an alternative to bank guarantees will be accepted in Government procurement activities, Minister of Finance show. She said that businesses like importing gold could also find this helpful. IRDAI has provided a framework for the issuance of guarantee bonds by insurance companies.
The Minister of Finance proposed that an animation, visual effects, games and comics promotion task force (AVGC) with all stakeholders be established to recommend potential exploits tremendous growth of the field to employ youth and build domestic capacity to serve our market and global needs.
(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)
