Amitabh Kant for fewer laws regime for growth of business

There is a need to dismantle a lot of rules and regulations to uplift business in India, Niti Aayog CEO Amitabh Kant has said.

Addressing a chief secretaries' conclave, aimed at giving a push to ease of doing business, Kant said here on Saturday that paperwork has made it difficult to do business in the country.

"We need to dismantle a lot of rules and regulation in order to uplift business," he said.

States must learn and compete with one another to develop, as growth alone will help in eliminating poverty, social inequality and other problems, Kant said, and added that states need to push for innovation and make India a country of 'job creators' rather than 'job seekers'.

Contending that India has made good progress in the World Bank rankings in terms of ease of doing business, Cabinet Secretary Pradeep Kumar Sinha said that introduction of the Goods and Services Tax (GST) is going to be a game changer.

He, however, added that implementing GST across the country is going to be a challenge for the government.

Sinha underlined that a lot has been done to reduce cost and documentation in the area of international trade.

--IANS

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