Indian Economy and Issues Relating to Planning, Mobilization, of Resources, Growth, Development and Employment.

GS-3

1.REGULATORY COMPLIANCE PORTAL BY DPIIT

DPIIT has launched the Regulatory Compliance Portal in January 2021.

IMPORTANT POINTS:

In order to translate the Atmanirbhar Bharat Abhiyaninto a reality, the next generation of reforms relating to minimizing regulatory burden on businesses and citizens are being taken up by Central Ministries and States/UTs on a mission mode.
The government has declared as its priority making Government to Business and Government to Citizen interfaces online, transparent and time-bound.
The DPIIT, Commerce & Industry Ministry is the nodal department for coordinating the exercise of minimizing regulatory compliance burden for citizens and businesses.
The launch of the Regulatory Compliance Portal is a major initiative in this regard.

REGULATORY COMPLIANCE PORTAL:

The objective of this portal is to act as a bridge between citizens, industries and the Government in order to minimize burdensome compliances.
It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.
All Central Ministries/Departments and States/UTs would examine laws/regulations/rules under their purview and implement an Action Plan to rationalize and simplify all the processes and remove burdensome compliances, decriminalize laws and repeal redundant Acts.
These details would be captured and tracked on the Regulatory Compliance Portal.
Industry stakeholders from trade bodies such as CII, FICCI and ASSOCHAM would also be able to submit compliances and proposed recommendations.
This will be assessed by the Government authorities concerned and suitable action would be undertaken to minimize the regulatory compliance burden.

SOURCE: PIB

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