Aiming to break into top 50 best countries to do business in, the government has identified areas requiring doing away with complex rules and simplifying procedures to enable businesses to start in four days flat. Finance Minister Arun Jaitley yesterday held a meeting to identify areas to improve the business climate. An eBiz portal will provide one-stop shop for dealing with matters related to the Ministry of Corporate Affairs as well as registrations of PAN/TAN and employee provident fund/employee insurance. Shram Suvidha Portal will be the only portal for filing the return, challan and making online payment for the Employee Provident Fund Organisation and the Employee State Insurance Corporation. The Department of Revenue and the Ministry of Shipping will work towards increasing the number of direct delivery consignments to 40 per cent by the end of this month. They will also have to ensure the cost and time to export and import get reduced. To further improve the country’s ranking in the indicator of ‘Getting Credit’, the Department of Financial Services and the Ministry of Corporate Affairs shall work towards integrating CERSAI database with ROC Registry of Charges to create a single registry of assets.

(Economic Times)