Business Standard

MP seeks to punish officials for delay in approvals; some experts unhappy

MP proposes to punish officials for delay in industrial approvals, but experts say this should be backed by transparency

Topics
Business Law | Madhya Pradesh | Kerala

Sudipto Dey 

non performer
Illustration: Binay Sinha

A law imposing penal provisions on government officers for delaying industrial approvals beyond a statutory timeline is touted as a novel concept to woo investors. While there are several laws and rules framed by states for time-bound approval processes, experts say results of these measures have been mixed. How well the latest initiative — mooted through The Time-Bound Clearance Bill 2020 — works will depend on how well the new law is implemented, they add.

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First Published: Sun, February 23 2020. 19:51 IST
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