New Delhi: Stakeholders have informed a parliamentary committee that despite multi-phased central deregulation efforts, the absolute volume of business compliances remains a major friction point for domestic enterprises, according to the panel's report.
According to the department-related parliamentary standing committee on commerce's report on 'Doing Business in India: The Way Forward', stakeholders apprised the panel that while pan-India rationalisation drives have successfully neutralised over 40,000 regulatory obligations, the survival of overlapping rules continues to inflate fixed operational costs and suppress long-term capital deployment.
