One-day company registration to streamline business incorporation with single-window clearances and tax overhaul and inspection reforms across states.
The Department of Industrial Policy and Promotion will implement measures to enable one-day company registration by introducing a single registration for labour laws, a combined application form, a state-coordinated single-window clearance system, and computerised risk-based inspections exempting low-risk businesses; concomitant tax reforms include consolidation of levies into corporate tax, abolition of MAT for SEZ developers, online tax payments, and expedited rollout of the Direct Tax Code and GST. (AI Summary)

Mandatory income tax return filing when taxable income exceeds the basic exemption enables refunds, loss carry-forward and financial proof.
Filing income tax returns is mandatory for individuals whose taxable salary exceeds the basic exemption threshold even if deductions reduce tax payable to zero. ITRs provide a fuller record than Form 16 and are necessary to claim refunds, to preserve the ability to carry forward capital losses, and to serve as proof of income for loans, visa applications, large insurance covers, government tenders and for self-employed taxpayers who lack employer-issued documentation. (AI Summary)

Ease of doing business must target trade facilitation, streamlined construction permits and faster contract enforcement to boost competitiveness.
Making India easier for business requires reform in cross-border trade, construction permitting, and contract enforcement. Cross-border delays stem from fragmented regulators, limited EDI use, courier export restrictions, and excessive document and time requirements. Construction permitting suffers from multi-agency clearances, long waits, and deficient capacity in planning bodies, supporting a need for an online single window clearance and modernization of standards. Contract enforcement is prolonged by procedural burdens, court intervention in arbitration, and limited judicial capacity, suggesting promotion of time-bound arbitration and procedural efficiency alongside administrative automation and accountability measures. (AI Summary)

Foreign Direct Investment rules permit non residents to invest via Automatic or Government approval routes, subject to sectoral conditions.
Foreign Direct Investment (FDI) is investment by non resident persons or entities into the capital of Indian companies via local incorporation, acquisition, share purchase, or joint venture. Eligible investors include non resident entities, NRIs, PIOs, OCIs, foreign institutional investors and foreign venture capital investors. Two entry routes apply: the Automatic route permits investment without prior government approval subject to sectoral conditions, while the Government approval route requires prior approval for sectors not covered by the Automatic route, with sectoral policy determining applicable limits and conditions. (AI Summary)

Director Identification Number requirement, Digital Signature Certificate and MCA online incorporation streamline company registration and compliance.
Registration requires obtaining a Director Identification Number for each director, acquiring an authorized Digital Signature Certificate for electronic filings, creating an MCA portal user account, and submitting incorporation filings that include the proposed name, registered office address, and particulars of directors. Filings must be supported by directors' DINs, DSCs, Registrar name availability confirmation, and prescribed incorporation forms; DSCs must come from approved certifying agencies and be renewed when expired. (AI Summary)