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29
August 2017
There
is a huge gap between what the state governments have done to improve ease of
doing business and what the enterprises know of these improvements, a NITI
Aayog report has found.
In its
"Ease of Doing Business" survey report, released by Law Minister Ravi
Shankar Prasad and Industry and Commerce Minister Nirmala Sitharaman on Monday,
the government's premier policy think-tank found that enterprises are often
unaware of initiatives taken by states in recent years for clearances and
permissions. The Total Investment &
Insurance Solutions
"For
instance on single-window clearance: are enterprises even aware of this
facility? We got surprising results," said NITI Aayog Vice Chairman Arvind
Panagariya.
He said
that even among start-ups -- which are set up in the last three years, only 20
per cent of them said that they were aware of the existence of single-window
facility.
According
to the report, even among the experts, only 41 per cent reported having
knowledge of the existence of the facility. The Total Investment & Insurance Solutions
"There
is clearly a huge gap between what has been done and what enterprises
know," Panagariya said.
"To
actually take full advantage of ease of doing business that has been created,
there is a need to disseminate information about what is there to be known for
enterprises which are the ones doing business." The Total Investment & Insurance Solutions
While
releasing the report which covers more than 3,000 enterprises across India,
Sitharaman said it may be the last but the "most important"
contribution from Panagariya, who leaves the NITI Aayog on August 31 to return
to his academic career in the US. The
Total Investment & Insurance Solutions
She
said the report would give a complete and true picture of the business
environment of the country.
The
minister added that the ease of doing business was the priority of the
government and is getting full attention. The Total Investment & Insurance Solutions
Prasad
said that the nation was making huge strides in the field of digital
infrastructure and called for a separate index for measuring digital ecosystem
of states.
The
survey, which covers over 3,000 enterprises across India, makes an effort to
assess ease of doing business from their perspective as opposed to the
perspective of policy makers.
Panagriya
said that while this report takes the entire country into account and tries to
bring forward national trends on different issues, there will be a second
report based on the survey which will focus on individual states. The Total Investment & Insurance
Solutions
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