Govt weeding out unnecessary rules to improve ease of biz:Minister
December 27, 2014
Coimbatore
As part of its efforts to improve ease of doing business in the country, Union Commerce and Industry Minister Nirmala Sitharaman today said that the government was in the process of weeding out unnecessary and unwanted rules and regulations which prove to be impediments.
The rules and regulations, some enacted during the British era, were becoming stumbling blocks for doing business and the government was working on removing unnecessary rules as it wanted to simplify the procedures, she told reporters here.
“We actually wanted to put an end to the control mechanism or licence quota Raj and totally remove the residual impact of such Raj, as done in the Defence sector,” she said.
There were hundreds of such rules and some 60 to 70 decade-old archaic laws, which had to be removed, she said.
The cabinet this week had worked out a procedure in the medical and diagnostic equipment sector.
The minister was on a visit to the city and nearby hosiery town of Tirupur to highlight Prime Minister Narendra Modi’s ambitious project “Make in India” and to know the problems and issues being faced in the manufacturing and textile sector, including knitwear, hosiery, spinning and autoloom.
Replying to a question, she said major part of works had been completed with regard to Foreign Trade Policy while her ministry had reviewed Free Trade Pacts, particularly with European Union, and Special Economic Zones, the two issues raised by the industrialists.
She, however, added that no specific time frame could be given on FTP, which has financial commitments among other things.
She also said Modi and Finance Minister Arun Jaitley had convened a meeting of state chief secretaries and secretaries of various departments on December 29 to elicit their opinions and ascertain the problems faced by the states in implementing the “Make in India” project.
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
Related Stories
IT scrutiny against Robert Vadra started during UPA tenure:FM
Office space absorption rose 10% in 2014, says report
Recent Stories
- One held in Surat for circulating anti-Hindu pamphlets aimed at defaming son-in-law
- Ensure Effortless GST Compliance and Simplify Your Business with Vyapar App’s Billing Software
- Meru Cabs by Mahindra now available at Ahmedabad Airport
- SpiceJet adds another Ahmedabad-Jaipur direct flight
- Man in Mahesana comes alive after "his" cremation
- Development of Central Park starts in GIFT City; Phase 1 likely to be ready by 2025
- Surat trader to give sarees to women voting early in Maharashtra polls