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Make in India: Government takes initiatives to simplify doing business in India

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By  NewsGram Staff Writer

The Central government has announced a national manufacturing policy to enhance the share of manufacturing in GDP to 25% paving the way for 100 million jobs in the coming years.  Nirmala Sitharaman informed that the Government has taken a number of important steps to gear up the manufacturing sector.

An investor facilitation cell has been created to make the investment process easy and accessible for  investors. Make in India’s web-portal will be used for the dissemination of information on twenty five sectors along with details of FDI policy, National Manufacturing Policy, Intellectual Property Rights, Delhi-Mumbai Industrial Corridor and other National Industrial Corridors.

Fourteen  services cutting across Department of Industrial Policy and Promotion, Employee’s State Insurance Corporation (ESIC), Employees’ Provident Fund Organisation (EPFO), Central Board of Direct Taxes (CBDT), Reserve bank of India and Department of Corporate Affairs have been integrated with the eBiz portal to improve ease of doing business in India.  For trading across borders the requirement of forms has been brought down to three. The process of registration with Employees’ Provident Fund Organisation and Employees’ State Insurance Corporation has been made on line and real-time.

A unified portal for registration of units for LIN, reporting of inspection, submission of returns and grievance redressal has been launched by the Ministry of Labour & Employment.  The Department of Industrial Policy & Promotion has advised Ministries and State Governments to simplify and rationalize the regulatory environment through business process reengineering and use of information technology.

A large number of components of Defence Products’ list have been excluded from the purview of Industrial Licensing. Dual use items, having military as well as civilian applications (unless classifieds as defence items) have been excluded from requirement of Industrial Licence from Defence angle.

The application process for Industrial Licence and Industrial Entrepreneur’s Memorandum has been made easy by simplifying the form and making the processes online 24×7. The validity period of Industrial Licence and security clearance from Ministry of Home Affairs has been increased. The process of registration with Employees’ Provident Fund Organisation and Employees’ State Insurance Corporation has been made on line and real-time.

The process of obtaining environment and forest clearances has been made online. Partial commencement of production is being treated as commencement of production of all the items included in the licence.

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Swiggy to use digital payments for delivery fleet

Founded in 2014, Swiggy aims to "change the way India eats" and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others

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Another step towards digitizing India
Encouraging Digital Transactions by exempting service tax on Cards (Wikimedia commons)
  • Swiggy is an online food ordering platform
  • It will now allow digital payments for delivery feet
  • this method will prevent any leakage in cash payment process

Online food ordering and delivery platform Swiggy on Monday said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.

“Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds,” the company said in a statement. Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities.

These digital payments will prevent leakage in cash payments. Wikimedia Commons

With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the funds to Swiggy, saving their time, according to the statement.

“With the delivery fleet being the backbone of Swiggy, the adoption of the digital payment solutions will support the ease of operations and save their time and thousands of kilometres of travel,” said the company’s Chief Financial Officer (CFO) Rahul Bothra in the statement. The digital payment methods will also help in preventing any cash leakages, the company said.

Also Read: Rise Of Digital Media Unstoppable: Experts 

Founded in 2014, Swiggy aims to “change the way India eats” and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others. IANS

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