Launch of Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens

2021-01-21 15:56:16 Exim News

The Department for Promotion of Industry and Internal trade, in a major initiative, has launched the Regulatory Compliance Portal on January 1 to act as a bridge between citizens, industries and the government in order to minimize burdensome compliances. The Portal will also act as a first of its kind central online repository of all central and state level compliances

All Central Ministries/Departments and States/UTs  have been asked examine laws/regulations/rules under their purview and implement an Action Plan to rationalize and simplify all the processes and remove burdensome compliances, decriminalize laws and repeal redundant Acts. These details would be captured and tracked on the Regulatory Compliance Portal.

Industry stakeholders from Trade bodies such as CII, FICCI and ASSOCHAM would also be able to submit compliances and proposed recommendations. This will be assessed by concerned Government authorities and suitable action would be undertaken to minimize the regulatory compliance burden.

Performance of activities on this portal would be closely reviewed by the senior Government officers

Performance of activities on this portal would be closely reviewed by the senior Government officers. Cabinet Secretary would have real-time comprehensive view of all compliances and status of all requests raised across Central Ministries/Departments and States/UTs. Customized reports of action taken by each Ministry/Department and State/UT also gets generated for monitoring and evaluation.

The Regulatory Compliance Portal will be instrumental in achieving the vision of a truly Atmanirbhar Bharat and help usher ease of doing business for industry and ease of living.

DPIIT and Ministry of Commerce and Industry to coordinate exercise of minimizing regulatory compliance burden

Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has been directed by Cabinet Secretary to act as the nodal department for coordinating the exercise of minimizing regulatory compliance burden for citizens and businesses. A systematic exercise across Central Ministries/Departments and States/UTs is being undertaken by DPIIT to eliminate/reduce compliances which have an adverse impact on time and cost of businesses.

DPIIT has conducted 21 training sessions from 04.01.2021 to 14.01.2021 for all ministries and states to familiarize them with Regulatory Compliance Portal.  Additional 12 training sessions are also underway from 18.01.2021 to 23.01.21. These training sessions involve detailed information about submitting details in Regulatory Compliance Portal by respective Nodal Officers in Central Ministries and States. 

India’s commitment to reforms is evident from the width and scale of reforms undertaken at pan- India level since 2014 under the visionary leadership of Hon. Prime Minister.  This is reflected in the meteoric rise of India’s rank in World Bank’s Ease of Doing Business Report from 142nd in 2014 to 63rd in 2019.

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