The government will soon come up with an overarching National Ease of Doing Business policy, aiming to phase out the licensing requirement for businesses. With its target to see India in the top 50 in the World Bank’s Doing Business ranking, the Department for Promotion of Industry and Internal Trade (DPIIT) has circulated a draft Cabinet note on the proposed policy for inter-ministerial consultation.
According to the draft policy, ministries and departments will be told to assess whether licensing should be scrapped and replaced with a simple registration process. In cases ...
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