GST Roll-Out, Other Reforms Key To Improve Ease Of Doing Biz: Chamber

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Measures like GST roll-out and single window clearance for project approvals, replacing prototype labour regulations, will improve flow of credit to infra sector and help India achieve 'ease of doing business' ranking of under 50 by 2020, according to a PHD Chamber study.

    The study -- released today by Ajay Shankar, Chairman, Expert Committee for suggesting Simplified Compliance for Establishing New Industries, Ministry of Commerce & Industry -- points out that the suggested reforms along with announcements by the government will help India significantly improve its ease of doing business scenario.

    GST Roll-Out, Other Reforms Key To Improve Ease Of Doing Biz: Chamber
    The findings are based on a survey conducted by the PHD Chamber to gauge the facilitation in the business environment since the launch of Make in India in which around 200 business leaders were probed belonging to micro, small, medium and large enterprises across sectors and states.
     

    According to it, 52 per cent of the respondents are optimistic that Make in India programme has facilitated ease of doing business in the economy and place it on higher and sustainable growth trajectory in coming times. However, 48 per cent stated that although the programme is appreciable, reforms are not yet visible on ground level and the government needs to do a lot more for implementation of reforms.

    It also revealed that there are few obstacles that still affect the businesses and the most severe being administrative bottlenecks followed by government regulations, delays in environmental clearances, power and water shortages. The other major problems faced by the businesses that need to be addressed are infrastructural bottlenecks, corruption, high capital cost, taxation problems, access to land, increasing borrowing and labour cost, among others.

    PTI

    Read more about: gst
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more