Download as rtf, pdf, or txt
Download as rtf, pdf, or txt
You are on page 1of 8

PARAMETERS    FOR EASE OF

DOING BUSINESS
These parameters are Starting a Business, Registering
Property, Dealing with Construction Permits, Getting
Electricity, Getting Credit Paying Taxes, Trading Across
Borders, Protecting Minority Investors, Enforcing
Contracts and Resolving Insolvency.

1.) STARTING A BUSINESS


Through ease of doing business world bank    recognises
that how easy is to start a new business in a country.
Introduction of SPICe+ and AGILE PRO form by
Ministry of Corporate Affairs (MCA) of india saves time
and effort required for a nascent Company
Incorporation. This form combines various
services like PAN/TAN/Director Identification
Number/GSTN etc.

SPICE+ = Specified Performa for Incorporating


Company Electronically(plus) is an integerated web form.
FEATURES OF SPICE+

 Name reservation for new companies


 Incorporation
 DIN allotment
 Mandatory issue of PAN
 Mandatory issue of TAN
 Mandatory issue of EPFO registration,
 Mandatory issue of ESIC registration,
 Mandatory issue of ProfessionTax
registration(Maharashtra),
 Mandatory Opening of Bank Account for the Company
and Allotment of GSTIN (if so applied for)
2.) DEALING WITH CONSTRUCTION
PERMITS
India will now be counted among the top nations in the
world where it is easiest to obtain all permits related to
construction.
Online Building Permission System (OBPS) is an online
Single Window for obtaining all building
permissions. In Delhi and Mumbai, all relevant agencies
have been brought onboard this single window system
thereby eliminating requirement
on the part of the applicant to engage with each
agency individually.
 Building Plan Approval
 No Objection Certificates (NOC)
 Completion certificates (Plinth and Building
Completion)
 Application for Joint Site Inspection which essentially
stipulates all inspections with regards to Fire, Water,
Sewage, Environment, archeological etc. be conducted
simultaneously. This ensures transparency and efficiency
in obtaining the required No Objection Certificates (NOC)
 Implementation of Risk Based Classification of
 buildings helped in strengthening building regulations
considerably
 2056 Urban Local Bodies across the country have
replicated this Online Building Permission System.
3.) REGISTERING PROPERTY
Registration of property also place a vital role in defining
rank of a country in ease of doing business.Indian
government is working hard on digitalization of land
records and registration process.

Digitization of land records has been one of the top


priorities to bring efficiency and transparency in
property related transactions. It allows citizens to
view property transaction records in a digital mode.

Salient Features:-

•You can access all the property maps on a


portal for free
•You can View & Download:
Obtain Property cards by clicking on the
property map
Detailed Plot Report can be seen just by
entering the plot number.

Benefits of Digitized Cadastral Maps:-


• No need to physically visit government
departments for obtaining maps
• Anytime, Anywhere access to maps
• No hassle of handling bulky hard copies

4.)Enforcing Contracts

Faster resolution of commercial disputes is pivotal to boost


investor confidence in the dispute resolution
mechanism of the country. Dedicated Commercial Courts
have been established in Delhi and Mumbai
dealing exclusively with commercial cases. Adoption of
technology for case management by lawyers and
judicial officers is leading to speedier dispute resolution.

5.)Resolving Insolvency

Introduction of Insolvency and Bankruptcy


Code of India (IBC) in 2016 was a game
changer in resolving insolvency. The
objective of the Code is maximization of
value of assets by aiming at reorganization
rather than liquidation of the Corporate
Debtor. The Code has seen success as the
creditor is in charge rather than debtor in
charge. The increase in recovery rate to 71 %
is evidence of its success. This law is evolving
and once a long drawn and painful process, of
closure of business is now a faster and more
efficient process.
6.)Trading Across Borders
Time and cost to export and import has been considerably
reduced by electronic sealing of containers, upgradation of
port infrastructure and allowing electronic submission of
supporting documents with digital signatures. Phase 1 of
Fourth Container Terminal at the Jawaharlal Nehru Port
Trust has been made operational.

India Customs Electronic Gateway (ICEGATE) allows


traders the facility to lodge their clearance documents
online at a single point. At present, about 43542 users are
registered with ICEGATE who are serving about more than
12.5 lacs importer/exporter.

In addition to e-filing, ICEGATE also provides other


services like :-

 24X7 helpdesk facility for its trading partners


 e-payment of Central Excise and Service Tax
 online registration for Intellectual Property Rights
(IPR)
 Document Tracking status at Customs Electronic Data
Interchange (EDI)
 online verification of DEPB/DES/EPCG licenses
 IE code status
 PAN based Customs House Agent (CHA) data,
 IGST Refund Status and
 links to other important websites/information related to
EXIM Trade
 At present, about 43542 users are
 registered with ICEGATE who are
 serving about more than 12.5 lacs
importer/exporter.

ICEGATE offers a host of services:-

 Electronic filing of Bill of Entry


 Shipping bill
 E-payment of custom duty
 Web-based Common Signer utility for signing all the
Customs Documents
 Facility to file online supporting documents through e-
Sanchit
 End-to-end electronic IGST Refund.

7.)Engaging the States and Uts toward


co-operative Federalism
The Doing Business Report of the World Bank assesses
the cities of Delhi and Mumbai. To emulate the reforms
done at a pan India level, the Business Reform Action
Plan(BRAP) was introduced in 2014. DPIIT spearheads
this exercise which is driven to promote competitive
federalism, incentivising States and UT’s to have the most
conducive business regime. India is one of the few
countries which has a sub-national ranking exercise and
under BRAP, all States and UT’s are ranked on the basis
of reforms undertaken by them on designated parameters.
Spread across 15 reform areas and 301 sub-reform points
in its 2020 edition, it is a transformative programme which
is now in its fifth edition. A dedicated online portal
(www.eodb.dipp.gov.in) has been developed by DPIIT for
States/UTs to submit evidences of implementation of these
reform points and user data for feedback on reforms. It is
the first such platform for knowledge sharing on regulatory
compliance requirements and rankings across States/UTs
in the country. Based on the global
best practices, assessment of reform implementation
under Business Reform Action Plan 2020 is 100% based
on user feedback. Based on the global best practices,
assessment of reform implementation under Business
Reform Action Plan 2020 has been based 100% on user
feedback. Various Capacity Building Programs are
conducted for handholding States/UTs in this exercise of
reform implementation. Best practices by States are also
shared with all States/UTs encouraging similar
transformations and versions across reform sub-areas.
“Integrated Risk Management System and Direct Port Delivery are some of the crucial
reforms undertaken by the Government”

You might also like