The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry today announced the launch of 26 Central Government Services on eBiz portal by end of June 2015. Startup entrepreneurs would be able to apply online for 26 services, including PAN and DIN numbers, through an e-Biz portal, a move to improve ease of doing business.
India has dropped two places and is ranked at 142nd out of 189 countries by the World Bank for ease of doing business. Government has announced several measures to improve India’s ranking. It has reduced the number of mandatory documents required for import and export of goods to three in each case. The move will lead to reduction in transaction cost and time. Earlier 10 documents are needed to fulfill the official obligations.
India needs to produce 10,000 entrepreneurs every year. For that to happen, politicians must realize that India needs to grow at 14-15 per cent.