India is amongst 40 most improved economies since 2005 which made significant changes in improving business regulations at a steady pace. Since 2005, India has implemented 18 business regulation reforms in seven areas covered by doing business creating more opportunities for local firms.
The main focus is over technology, technology makes compliance easier, less costly and more transparent. These reforms focused mainly on technology implementing electronic business registration, electronic filing for taxes, online submission of forms and payment.
More than half the policy changes eased business start-up, trade, and the payment of taxes. Many of improvement are towards new technologies.
Source :The Hindu
No comments:
Post a Comment