Now Reading: 69,233 compliance rules burden Indian firms, panel told
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69,233 compliance rules burden Indian firms, panel told
A parliamentary committee report has revealed that Indian businesses still face 69,233 separate compliance requirements under 1,536 distinct Acts, with 6,618 mandatory filings across three tiers of government. Stakeholders told the department-related…
The Story in Brief
A parliamentary committee report has revealed that Indian businesses still face 69,233 separate compliance requirements under 1,536 distinct Acts, with 6,618 mandatory filings across three tiers of government. Stakeholders told the department-related parliamentary standing committee on commerce that despite central deregulation efforts neutralising over 40,000 obligations, overlapping rules persist, inflating costs and suppressing long-term investment. The panel noted that duplication of compliance efforts remains a major friction point for domestic enterprises.
The Indian Opinion
The government often celebrates its deregulation drive, claiming 40,000 rules scrapped. But the parliamentary committee’s report exposes a deeper truth: 69,000 compliances remain, many overlapping across 1,536 Acts. The narrative of a business-friendly India is undercut by this archaic web. The question is not how many rules were removed, but how many still trap firms in duplication. Watch whether the panel’s recommendations lead to actual consolidation of Acts, or merely more talk.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
