Not Easy

Business Today - - THE BUZZ - - Sonal Khetarpal

THOUGH IN­DIA has jumped up 30 po­si­tions in the World Bank’s ‘ Ease of do­ing Busi­ness’ in­dex, there are still many hur­dles to cross for com­pa­nies. Ex­perts say there are still 80-90 com­pli­ance norms that com­pa­nies strug­gle with. De­spite the govern­ment’s ef­fort to make it eas­ier to in­cor­po­rate a com­pany or get it listed, shut­ting down a busi­ness is still a night­mare. Over­all, the govern­ment’s grip is tight­en­ing, say most com­pa­nies. Com­pli­ances on le­gal metrol­ogy, shop and estab­lish­ment cer­tifi­cates stamp­ing vary for each state, mak­ing it cum­ber­some es­pe­cially for small and mid-sized busi­nesses. The govern­ment’s fo­cus on over-reg­u­la­tion, in­stead of en­force­ment, is hurt­ing busi­nesses.

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