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EASE OF DOING BUSINESS - ACHIEVEMENTS OVER THE PAST TWO YEARS

News and Press Release - Dated:- 24-5-2016 - India s rank in the Doing Business Report 2015 was 142 among 189 countries which improved to 130 in the Doing Business Report, 2016. Government of India has emphasized on the importance of Ease of Doing Business and it is a major pillar of Make in India initiative. It is working extensively on improving India s rank in the World Bank Group's Doing Business Study. HIGHLIGHTS • Requirement of minimum paid up capital and co .....

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ame and Director Identification Number (DIN) at the time of incorporation with single Form-INC29 has been made. • Online and real time registration of ESIC and EPFO has been introduced. • Provision for online payment of EPFO and ESIC contributions has been introduced. • Requirement of bank account for registration with EPFO and ESIC has been eliminated. • Central Registry Rules have been amended to record security interests of all t .....

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m Suvidha Portal has been launched to facilitate risk based Inspections, submission of common electronic returns under 8 Labour Acts and issue of Labour Identification Number. • Insolvency and Bankruptcy Code with provision of easy and faster exit, has been passed by the Parliament. Central Government is working conjointly with State Governments of Maharashtra and Delhi, to bring India within top 50 ranks. ACHIEVEMENTS IN DELHI AND MUMBAI DELHI

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ppellate divisions in Delhi High Court have been established. • Municipal Corporations have introduced fast track approval system for building permits with features such as: • Common application form • Use of digital signature for filing application and issue of permits • Online transfer of application and receipt of NOC • Online system has been integrated with Airport Authority of India (AAI), Delhi Urban Arts Commi .....

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oduced fast track approval system for building permits with features such as: • Common application form • Online transfer of application and receipt of NOC • Online system has been integrated with AAI & NMA. The doing Business Report ranks a country on 10 parameters. Reforms under each of these are as follows: STARTING A BUSINESS • Registration with ESIC and EPFO has been made real-time by eliminating all p .....

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granted in 24 hours and the same has been adopted by Delhi VAT. • Form INC 29 has been launched by Ministry of Corporate Affairs to avail 3 pre-registration services viz. Name Availability , Director Identification Number and incorporation of company with one form and one payment. CONSTRUCTION PERMITS • Municipal Corporation of Greater Mumbai (MCGM) has completed the process of single window approval by integrating with internal departments as well as, .....

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Corporations of Delhi has completed the process of single window approval by integrating with internal departments as well as DMRC, Delhi Fire Services, DUAC, AAI and NMA through a common application form. NOC from Labour Department of Delhi Government is not required if no manufacturing activity is undertaken in the building. It has also introduced digital signing of building permit application, as well as sanctioned maps, thereby eliminating the need of physical submission of documents.

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ection thereby removing the need of an estimate and an inspection for the same. They have also made online application for connections above 100KVA mandatory. • Delhi Electricity Regulatory Commission has revised the application format of Delhi Electric Supply Code and Performance Standards Regulations, 2007 for faster release of electricity connection. The distribution licensees have been directed to process applications in the revised format along with the declaration form.

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ureau for imports. • Customer risk management system has been extended to other regulatory agencies to ensure risk- based inspections. • Limit on the number of consignments released under direct delivery has been removed by Ministry of Shipping thereby facilitating prompt delivery of goods. • Terminal handling receipts have been eliminated from Jawaharlal Nehru Port Container Terminal which cuts down the time taken for the containers at the port.

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ispensed and it is replaced with record based controls. • 24X7 customs clearance facilities and documents required for export and import has been reduced to three. ENFORCING CONTRACTS • The Arbitration and Conciliation Act has been amended to reduce the time taken in arbitration proceedings and grounds on which an award may be challenged. Commercial Appellate Division Bench and Commercial Division Benches are functioning in Bombay High Court and Delhi .....

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