Discussion 1 - Making Doing Business in India Easy - Solutions
Dear Friends,
Thank you for your time valuable time and invaluable inputs. I have been personally forwarding your inputs to the PMO . For the current discussion on ‘Ease of doing business’, we have summarized the key areas outlined by you, where solutions/actions are needed from the Government to make doing business in India easy.
1. Greater freedom from government control on industry. The interaction with bureaucracy needs to be minimised when it comes to starting/running a business.
2. The paperwork should be done away with and the entire system should be computerised. Lesser the paper work/human interaction, lesser are the chances of corruption.
3. Easier access to credit for SMEs and labour law flexibility required in states to facilitate the expansion of small scale industries to larger ones. It will also be critical to boost employment of low skilled labour.
4. There should be a single window movement of applications for the entire gamut of registrations.
5. The rate of interest on bank loans for business in India needs to be brought down
6. The business tax structure must be simplified - Implement GST so that the goods/services are taxed just once. No need to impose Sales tax, Central sales tax, vat, interstate sale obstacles like road permit, etc.
If you missed this discussion and have something to add, please give your views by end of day today. Kindly note that note needs to be submitted to the PMO cannot be a very long list and must be at max be a two pager.
I appreciate your valuable inputs which are quite insightful and helpful , and i look forward to more insights / feedback on important topics for Your Government - Modi Government
Appreciate your participation
Rajendra Pratap Gupta
Bharatiya Janata Party
Thank you for your time valuable time and invaluable inputs. I have been personally forwarding your inputs to the PMO . For the current discussion on ‘Ease of doing business’, we have summarized the key areas outlined by you, where solutions/actions are needed from the Government to make doing business in India easy.
1. Greater freedom from government control on industry. The interaction with bureaucracy needs to be minimised when it comes to starting/running a business.
2. The paperwork should be done away with and the entire system should be computerised. Lesser the paper work/human interaction, lesser are the chances of corruption.
3. Easier access to credit for SMEs and labour law flexibility required in states to facilitate the expansion of small scale industries to larger ones. It will also be critical to boost employment of low skilled labour.
4. There should be a single window movement of applications for the entire gamut of registrations.
5. The rate of interest on bank loans for business in India needs to be brought down
6. The business tax structure must be simplified - Implement GST so that the goods/services are taxed just once. No need to impose Sales tax, Central sales tax, vat, interstate sale obstacles like road permit, etc.
If you missed this discussion and have something to add, please give your views by end of day today. Kindly note that note needs to be submitted to the PMO cannot be a very long list and must be at max be a two pager.
I appreciate your valuable inputs which are quite insightful and helpful , and i look forward to more insights / feedback on important topics for Your Government - Modi Government
Appreciate your participation
Rajendra Pratap Gupta
Bharatiya Janata Party
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May 21
WITH CORRECTION: Another suggestion from my end is to start banks exclusively for 'micro credit' for small time traders like vegetable and fruit vendors, who otherwise take money in the order of hundreds (say 200 or 500) from money-lenders even paying as high as Rs 5 per 100 per day, working out to 5% per day or 150% per month. This type of exploitation can be curtailed by such lending by special banks. It is a very important thing to keep these micro businesses alive , as these people do not depend on the government for any job or dole, but take care of their own needs; and this 'natural entrepreneurship' of the common Indian people will and should also be encouraged, as in the absence of this they will end up applying for government jobs, and the 'price' (read bribe) for the job goes up. This is a better option than allowing FDI in retail sale, opening up the market for Walmart or others to decimate these small traders.
Jun 14
