Indian History

Ease of doing business-Measures

The process of applying for Industrial License (IL) and Industrial Entrepreneur Memorandum (IEM) has been made online and this service is now available to entrepreneurs on a 24×7 basis at the eBiz website. Twenty services are integrated with the eBiz portal which will function as a single window portal for obtaining clearances from various governments and government agencies.
Notification has been issued by Directorate General of Foreign Trade (DGFT) to limit number of documents required for export and import to three. The Ministry of Corporate Affairs has introduced an integrated process of incorporation of a company, wherein applicants can apply for Director’s Identification Number (DIN) and company name availability simultaneous to incorporation application [Form INC-29].
The Companies (Amendment) Act 2015 has been passed to remove requirements of minimum paid-up capital and common seal for companies. Application forms for Industrial Licence (IL) and Industrial Entrepreneur Memorandum (IEM) have been simplified. Defence products’ list for industrial licensing has been issued, wherein a large number of parts/components, castings/forgings, etc. have been excluded from the purview of industrial licensing.
Similarly, dual-use items, having military as well as civilian application (unless classified as defence item), will also not require ILs from the defence angle. The Ministry of Home Affairs has stipulated that it will grant security clearance on IL applications within 12 weeks.
An Investor Facilitation Cell has been created under Invest India to guide, assist and handhold investors during the entire life-cycle of the business. The process of applying for environment and forest clearances has been made online through the Ministry of Environment and Forests and Climate Change portals.
Registration with the Employees Provident Fund Organization (EPFO) and Employees State Insurance Corporation (ESIC) has been automated and ESIC registration number is being provided on a real-time basis. A unified portal for registration of units for Labour Identification Number (LIN), reporting of inspection, submission of returns and grievance redressal has been launched by the Ministry of Labour and Employment.
A report titled ‘Assessment of State Implementation of Business Reforms’ was released on 14th September 2015. It reports the findings of an assessment of reform implementation by states by the DIPP, Ministry of Commerce and Industry, Government of India, with support from World Bank group and KPMG. This assessment has been conducted to take stock of reforms implemented by states in the period January 1 to June 30 2015 based on a 98-point action plan for business reforms agreed between the DIPP and states/union territories (UT) and rank them according to the ease of doing business.