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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