scorecardresearch
Follow Us:
Tuesday, January 25, 2022

Goyal to industry: Our effort is to reduce burdensome compliances

🔴 On fast resolution of commercial disputes, Goyal said the government is working on making mediation the preferred mechanism rather than everybody rushing to courts.

By: ENS Economic Bureau | New Delhi |
November 28, 2021 3:15:07 am
Piyush Goyal Commerce Minister (File)

The effort of the Central government, along with states, is to eliminate burdensome compliances, reduce the need for licensing and rationalise the renewal process with an aim to promoting ease of doing business, Commerce and Industry Minister Piyush Goyal said Saturday.

At the CII National Conference on Ease of Doing Business for Aatmanirbhar Bharat, Goyal suggested that the industry and the government together can engage with the judiciary on issues like fast resolution of commercial disputes and capping adjournments.

“Our effort, along with states, is to eliminate burdensome compliances, or reduce the need for licensing, reduce the regulatory burden, permissions, and rationalise the renewal process. But it only happens when we work together. Self-regulation and self-certification should be the way forward,” the union minister said.

On fast resolution of commercial disputes, Goyal said the government is working on making mediation the preferred mechanism rather than everybody rushing to courts.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
Advertisement
Advertisement
Advertisement
Advertisement