Press Information Bureau

Government of India

Ministry of Commerce & Industry

16-March-2016 18:14 IST

Department of Industrial Policy and Promotion (DIPP) has formulated action points to ease doing business in the country.

Various areas have been identified and action points on ease of doing business index/indicators have been prepared for assessing the overall business performance of the country as well as States/Union Territories.

Government has undertaken a number of steps to improve Ease of Doing Business in India. Ministries and State Governments of Maharashtra and NCT of Delhi have been advised to simplify and rationalize the regulatory environment through business process reengineering and use of information technology. Other important measures taken by the government to boost the business regulatory environment and to improve Ease of Doing Business in the country include integration of 20 services on e-biz portal to function as single window for obtaining Government clearances, integration of the process of incorporation of the company and application for Director’s Identification Number (DIN), removal of requirements of minimum paid-up capital and common seal for companies.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.

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Ease of Doing Business reforms streamline approvals through a single window and simplify company incorporation requirements. Department of Industrial Policy and Promotion has prepared action points to develop a domestic Ease of Doing Business index and to simplify the regulatory environment through business process reengineering and information technology. Operational measures include integration of government services on the e biz portal as a single window for clearances, integration of company incorporation with Director Identification Number application, and removal of requirements for minimum paid up capital and common seal for companies.