Unless the infrastructure for doing business is developed, it will be impossible to have rigid regulations and laws. It is true that the complex net of regulations and approvals are delaying the value-addition process and slowly making us non-competitive, compared to our neighbouring countries. We are unnecessarily stuck in trivial laws.
It will be difficult to change the "mindset" of bureaucrats. I am yet to interact with a bureaucrat who has a practical view and is offering instant solutions. The morale of an entrepreneur is demolished irreversibly.
We need to encourage more online approval and permission systems. Bureaucrats should be taken to task if they are unable to clear pending approvals within a fixed period of time.
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