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economy | IST

Ease of doing business: DPIIT proposes single-point clearance

The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed doing away with most licenses that businesses have to apply for at both state and central government levels. The proposal also advocates having minimal inspections of factories and offices. The proposals are part of the draft ‘National Ease of Doing Business Policy’ that has been circulated for comments before approval of the cabinet.
CNBC-TV18 learns that the draft policy seeks to replace most licenses with a one-time registration. In addition, it also seeks to do away with renewals of such licenses or registrations. If at all licenses are needed, the relevant government department will have to justify the reason. The draft reads that all inspections should be conducted through a Computerised Inspection Management System. As per the DPIIT proposal, inspections will be carried based on the risk assessment of a unit and once a unit is inspected by an inspector, he or she can’t inspect the same unit for the next two years and inspection reports will have to be uploaded within 48 hours.
The draft also proposes a time and cost assessment for regulatory compliance for all departments and a single point clearance point for seven sectors that included restaurants, retail trade, telecom towers, cinema halls, gems & jewellery, movie shooting and petrol pumps.
Once the proposal is approved by the cabinet committee, the cabinet secretary will have to monitor compliance of the National Policy on Ease of Doing Business every quarter.