Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.5
Article rating: No rating
Article rating: 4.0
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Reduce regulatory hurdles to improve biz environment, says NITI Aayog

Author: Rajyashree Guha/Tuesday, August 29, 2017/Categories: Government

Reduce regulatory hurdles to improve biz environment, says NITI Aayog

Regulations that pose as a burden on large firms need to be addressed to bring small and large firms on a level-playing field, the NITI Aayog has recommended.

In a survey on "Ease of Doing Business", the premier policy think-tank says that though there is no evidence of adverse regulatory environment for large firms (by employees), in many areas, larger companies are at a disadvantage compared to smaller ones.

The survey covers over 3,000 enterprises across India.

Niti Aayog warns that if large firms perceive regulatory obstacles as big, then it would discourage smaller firms from growing larger.

Apart from this, the survey suggests that the government should encourage entry of new enterprises and expedite the timely exit for sick enterprises to better business environment.

This will in turn augment dynamism in the Indian industry, boost productivity, job creation and economic growth in the long term.

The survey says that the new bankruptcy code is an important start in improving the exit process. A similar platform must be created for small firms trying to enter the market which is often deterred due to regulatory burden and compliance costs.

Apart from these, the survey conducted under Niti Aayog’s parting vice-chairman Arvind Panagariya revealed several lapses in the ease of doing business in India. The report said enterprises need to be better informed about improvements in the ease of doing business. Most enterprises, especially start-ups, are not aware of single window facilities for clearances and permissions that many states have created in recent years. It revealed that reforming labour laws and achieving greater flexibility in their implementation can greatly help enhance the ease of doing business.

The survey said addressing bottlenecks created by power shortage will enhance efficiency, productivity, and job creation in crucial power-intensive sectors. Enhancing access to low-cost capital could be an important vehicle to improve business environment, it said.  

Print Rate this article:
No rating

Number of views (297)/Comments (0)

rajyashree guha

Rajyashree Guha

Other posts by Rajyashree Guha
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free