Business Standard

Ease of Doing Business

Sebi extends timeline for inputs on plan to facilitate ease of doing biz

Markets regulator Sebi on Monday extended the deadline for submission of public comments to July 29 on the proposal of providing additional time for disclosure of litigations or disputes involving claims against listed firms. Sebi, on June 26, issued a consultation paper on recommendations of the expert committee for facilitating ease of doing business and harmonisation of the provisions of ICDR (Issue of Capital and Disclosure Requirement) and LODR (Listing Obligations and Disclosure Requirements) Regulations and had sought public comments by July 17. Now, it has been decided to extend the timeline for submission of comments to July 29, the Securities and Exchange Board of India (Sebi) said in a statement. In its consultation paper, the regulator proposed allowing companies to conduct virtual or hybrid shareholder meetings on a permanent basis. Also, the markets watchdog has suggested additional time for disclosure of the outcome of the board meeting that concludes after trading .

Sebi extends timeline for inputs on plan to facilitate ease of doing biz
Updated On : 22 Jul 2024 | 8:34 PM IST

Govt committed to create biz friendly environment for industry: Goyal

The Centre is committed to create a business-friendly environment for industry and innovation, Commerce and Industry Minister Piyush Goyal has said. Interacting with industry leaders in Hyderabad on Sunday, the minister said such interactions are key for understanding the challenges faced by the industry and policy-making. "Goyal emphasised the government's commitment towards fostering a robust industrial ecosystem that supports innovation, sustainable growth, and global competitiveness," the commerce ministry said on Monday, quoting the minister. He hailed Telangana for actively promoting investments across various sectors, making it a favourable destination for businesses and investors. The interaction saw a participation of more than 200 stakeholders, including women entrepreneurs, MSMEs, industry associations, export promotion councils and startups, from various sectors.

Govt committed to create biz friendly environment for industry: Goyal
Updated On : 01 Jul 2024 | 9:26 PM IST

Govt to form Mediation Council to streamline business dispute resolution

The proposed Mediation Council of India, established under the Mediation Act enacted last year, will mandate that mediation proceedings be completed within 180 days

Govt to form Mediation Council to streamline business dispute resolution
Updated On : 26 Jun 2024 | 2:16 PM IST

Trade bodies ask Rajasthan govt to focus on ease of doing business

Suggestions were presented by the Hotel Association of Rajasthan to make the state a global tourism destination by 2047

Trade bodies ask Rajasthan govt to focus on ease of doing business
Updated On : 24 Jun 2024 | 4:51 PM IST

Framework for state mining index to be finalised soon: Mines secretary

The government is likely to soon finalise a framework for a state mining index which would serve as a tool for stakeholders and ensure ease of doing mining business, an official said on Wednesday. A state mining index would boost cooperative federalism as well as competition among states, Mines secretary V L Kantha Rao said at a day-long workshop on State Mining Index here. Principal secretaries, directors and other officials from 26 states participated in the workshop to discuss and finalise the indicators and sub-indicators of performance which form part of the index framework and methodology. Post consultations and feedback from states, a framework of the state mining index will be finalized and released in July 2024 for actual ranking to take place in April next year, Kantha Rao said. The index would serve as a tool for stakeholders of the mining sector to understand different aspects related to the ease of doing mining business within a state, he added. The secretary also mad

Framework for state mining index to be finalised soon: Mines secretary
Updated On : 08 May 2024 | 6:40 PM IST

B-READY for business

India's investment culture needs strengthening

B-READY for business
Updated On : 22 Apr 2024 | 9:32 PM IST

Centre begins early preparations for new World Bank Business index

Interministerial meetings underway with DPIIT to get a head start on B-Ready, due for 2026

Centre begins early preparations for new World Bank Business index
Updated On : 21 Apr 2024 | 11:31 PM IST

'India commands over 50% of Global Capability Centres, retains top spot'

India commands over 50 per cent of the Global Capability Centres, and it remains the most preferred destination to set up such GCCs, a report by business consulting company ANSR said on Friday. ANSR Global is a consulting firm that enables organisations to build and manage teams through Global Capability Centres. The company has established over 110 Global Capability Centres, using 12 million sq ft of office space and employs over 1.20 lakh people. According to the quarterly report released on Friday, India commands over 50 per cent of the GCC market with a mix of unique talent and a robust startup system, and the country remains the most preferred destination to set up a GCC. The study also revealed that nearly 80 per cent of GCCs were directing their focus on Artificial Intelligence, Machine Learning, and Data Analytics. "We are witnessing a transformative shift in the Global Capability Centres landscape, with a strong focus on digital capabilities such as AI/ML, analytics, and .

'India commands over 50% of Global Capability Centres, retains top spot'
Updated On : 12 Apr 2024 | 7:55 PM IST

PMO asks commerce min to examine model text of bilateral investment treaty

The Prime Minister's Office (PMO) has asked the commerce ministry to examine the model text of the bilateral investment treaty (BIT) and suggest modifications to further improve the ease of doing business, according to sources. The exercise assumes significance as only seven countries have accepted the existing model text treaty, and most of the developed nations have expressed their reservations on the text with regard to provisions like the resolution of disputes. These investment treaties help in protecting and promoting investments in each other's countries. These pacts are important as India has earlier lost two international arbitration cases against British telecom giant Vodafone and Cairn Energy plc of the UK over the retrospective levy of taxes. Sources said an internal discussion will be held on the model text of the treaty on Monday in the commerce ministry with experts and lawyers. "There will be a presentation in the meeting. We are having an internal discussion on th

PMO asks commerce min to examine model text of bilateral investment treaty
Updated On : 07 Apr 2024 | 11:34 AM IST

Enhance biz environment, boost non-farm jobs via trade openness: World Bank

Labour productivity and the working-age population, the twin engines of growth in the South Asian region, are slowing

Enhance biz environment, boost non-farm jobs via trade openness: World Bank
Updated On : 03 Apr 2024 | 10:46 PM IST

Rajasthan govt prepares draft policy to boost exports via ease of doing biz

The draft policy strives to have competitive export logistics in the state for all modes. The focus will also be on skill development programmes to encourage entrepreneurship in the field

Rajasthan govt prepares draft policy to boost exports via ease of doing biz
Updated On : 18 Mar 2024 | 6:12 PM IST

Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs

Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities. In a move aimed at testing the feasibility of the optional T+0 settlement mechanism, a Beta version for a limited 25 scrips and limited brokers will be launched. Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release. These proposals were cleared by the Sebi board at its meeting that ended late on Friday. Among other measures, the regulator decided to

Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs
Updated On : 15 Mar 2024 | 11:59 PM IST

PM chairs Council of Ministers' meet, brainstorm over Viksit Bharat vision

Prime Minister Narendra Modi on Sunday chaired a day-long meeting of his Council of Ministers as they brainstormed over the vision document for "Viksit Bharat: 2047" and a detailed action plan for the next five years. Government sources said a 100-day agenda for immediate steps to be taken after a new government is formed in May was deliberated upon during the meeting for its quick implementation. They said the roadmap for "Viksit Bharat" is a result of more than two years of intensive preparation and involved a "whole of government" approach involving all ministries and wide-ranging consultations with state governments, academia, industry bodies, civil society, scientific organisations and mobilisation of youths for inputs. "More than 2,700 meetings, workshops and seminars were held at various levels. Suggestions of more than 20 lakh youths were received," one official said. The roadmap for "Viksit Bharat" has a comprehensive blueprint with clearly articulated national vision, ...

PM chairs Council of Ministers' meet, brainstorm over Viksit Bharat vision
Updated On : 03 Mar 2024 | 9:15 PM IST

Sebi mulls relaxing enhanced disclosure framework for certain FPIs

Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed exempting funds with concentrated holdings in entities without a promoter group, where there is no risk of breaching Minimum Public Shareholding (MPS) requirements, from enhanced reporting obligations. The Securities and Exchange Board of India (Sebi) has sought comments till March 8 from the public on the proposals. This came after Sebi, in August last year, mandated FPIs to disclose detailed information about entities holding any ownership, economic interest, or control in them, without any threshold. This granular disclosure framework required for FPIs meeting either o

Sebi mulls relaxing enhanced disclosure framework for certain FPIs
Updated On : 28 Feb 2024 | 5:31 PM IST

Govt may look at enhanced KYC requirements for certain class of corporates

The government might look at enhancing the scrutiny of certain class of corporates, including in terms of KYC requirements, as efforts continue to weed out unscrupulous elements and curb possible misdoings, according to a senior official. The matters related to KYC (Know Your Customer), including a simplified and uniform system, are still under discussion, and a committee headed by the finance secretary is looking into various aspects. The senior official on Monday said that various aspects related to having a uniform KYC are being discussed and in the case of the corporate affairs ministry, Permanent Account Number (PAN) is being used for KYC requirements. The ministry is implementing the companies law and Limited Liability Partnership (LLP) Act, among other legislations. Further, the official said enhanced KYC requirements might be explored for certain class of corporates. As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total,

Govt may look at enhanced KYC requirements for certain class of corporates
Updated On : 26 Feb 2024 | 5:21 PM IST

PFRDA amends regulations for Trustee Bank, Central Recordkeeping Agency

Pension Fund Regulatory and Development Authority (PFRDA) has amended regulations for Trustee Bank, and Central Recordkeeping Agency. The amendments to Trustee Bank (TB) Regulations simplify and strengthen the provisions related to implementation of fraud prevention and mitigation policy, compensation to the subscriber, invitation of application for new registration and surrender of certificate of registration, an official statement said on Thursday. Amendments to Central Recordkeeping Agency (CRA) Regulations simplify and strengthen the provisions related to the governance of CRA in line with Companies Act, 2013 and enhanced disclosure of information by CRA, it said. Both amendments were carried out earlier this month and these are in line with the 2023-24 Union Budget announcement to review regulations to reduce the cost of compliance and enhance the ease of doing business. The other notable amendments included implementation of fraud prevention and mitigation policy by CRA to ..

PFRDA amends regulations for Trustee Bank, Central Recordkeeping Agency
Updated On : 22 Feb 2024 | 6:27 PM IST

Sebi takes steps to boost ease of doing biz, compliance reporting

With an aim to promote ease of doing business and compliance reporting, Sebi on Tuesday came out with measures for centralization of certifications under the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC Registration Agencies. Under this, the regulator has directed intermediaries, who are reporting to financial institutions (RFI), to upload the certifications under FATCA and CRS obtained from the clients in the system of KYC Registration Agencies (KRAs) from July 1. The existing certifications obtained from clients prior to July 1, 2024 will be uploaded by the intermediaries onto the systems of KRAs within a period of 90 days of implementation of the new rule, Sebi said in its circular. The onus of obtaining and reporting the FATCA and CRS certification and related compliances will lie with the respective intermediaries. Going by Sebi's circulars issued in 2015, and guidance note on FATCA and CRS norms laid down by the Ministry of Finance, RF

Sebi takes steps to boost ease of doing biz, compliance reporting
Updated On : 20 Feb 2024 | 8:03 PM IST

KCCI wants PM to address unemployment, ease of doing biz during J-K visit

Welcoming Prime Minister Narendra Modi's upcoming visit to Jammu & Kashmir, the local industry on Monday said it expects the PM to address the key issue of unemployment and promote ease of doing business in the valley. "The Prime Minister's visit on Tuesday coincides with the inauguration of some prestigious projects which are destined to play an important part in the development of Jammu & Kashmir," the KCCI said in a statement. The Kashmir Chamber of Commerce and Industry (KCCI) highlighted that the lack of infrastructure and support to industry have been a key roadblock in the overall development of the union territory. The KCCI looks up on the Prime Minister to implement his favourite 'Ease Of Doing Business' scheme in the UT, it said. While thanking the Prime Minister for accepting many of its suggestions in the past, the KCCI said, "it looks up to the Prime Minister with hope for considering suggestions critical for all round development of Jammu & Kasmir, more so, .

KCCI wants PM to address unemployment, ease of doing biz during J-K visit
Updated On : 19 Feb 2024 | 4:24 PM IST

Ease of business vs tax pressure

Obviously, tax officials believe that all these tightly regulated companies, including government ones, have short-changed the government

Ease of business vs tax pressure
Updated On : 14 Jan 2024 | 9:50 PM IST

India launches a single-window portal for medical devices management

The Drugs Controller General of India said that the National Single Window System (NSWS) has been established as a 'genuine single-window system which acts as a one-stop shop for all approvals'

India launches a single-window portal for medical devices management
Updated On : 02 Jan 2024 | 11:37 PM IST