Budget 2025: How can govt enable ease of doing business in India? CII presents 10-point plan
Union Budget: As India plans to work towards being a viksit nation by 2047, industry body Confederation of Indian Industry (CII) has put forward a 10-point specific suggestion before Prime Minister Narendra Modi-led government for the upcoming Budget 2025 to enable ease of doing business.
As per the industry body, all regulatory approvals — central, state and local levels — must mandatorily be provided only through the National Single Window System (NSWS), which they believe will help bring about transparency and speed in the processes. In the first stage, CII suggested that it should be completed for all central ministries within the next six months, followed by bringing on the platform, states, in a phased manner. A dedicated central budget could be allocated for the purpose, especially from the point of view of incentivizing states to shift completely to the portal.
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While India has over the last decade remained focused on improving ease of doing business (EoDB), there is a need to maintain the momentum especially in certain specific areas, CII said in a statement.
Chandrajit Banerjee, Director General, CII, said simplifying regulatory frameworks, reducing compliance burdens and enhancing transparency should continue to remain India's focus agenda for next several years. «Compliances for industry related to various areas such as land, labour, dispute resolution, paying taxes and environment offer a vast scope
