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Task force for reducing compliance burden constituted: DGTR SECTIONS Last Updated: Jun 09, 2021, 09:41 PM IST Share Synopsis The terms of reference for the task force include reviewing all existing rules; processes and procedures; ensuring that these are kept simple; and ensuring that all interfaces/processes are completely online. ThinkStock Photos They also include identifying regulations with provisions for criminal liability and ensuring de-criminalisation of such cases wherever possible. A task force for reducing the compliance burden for citizens and business has been constituted by the commerce department, according to the Directorate General of Trade Remedies (DGTR). DGTR, an investigation arm of the department, deals with issues related to anti-dumping, safeguard and countervailing duties. ....
RBI sets up RRA 2.0 to streamline regulations and reduce compliance Top Searches RBI sets up RRA 2.0 to streamline regulations and reduce compliance PTI / Apr 15, 2021, 18:53 IST FacebookTwitterLinkedinEMail MUMBAI: The Reserve Bank on Thursday set up the second Regulatory Review Authority (RRA 2.0) with a view to streamlining regulations and reducing compliance burden of regulated entities. The RBI had set up a Regulations Review Authority (RRA) initially for a period of one year from April 1, 1999, for reviewing regulations, circulars, reporting systems, based on the feedback from public, banks and financial institutions. The recommendations of the RRA enabled streamlining and increasing the effectiveness of several procedures, simplifying regulatory prescriptions, paved the way for issuance of master circular and reduced reporting burden on regulated entities. ....
Centre, states to take corrective action to reduce compliance burden by March 31 SECTIONS Share Synopsis “In the 75th year of India’s Independence, we want to reduce the compliance burden, simplify further the citizen-government interface whether online or offline, and remove antiquated and obsolete acts which don’t add value,” Mohapatra said at the DPIIT-CII event on Make In India. Agencies CII has shared 200-300 compliance areas originating from central or state government provisions, he said. NEW DELHI: The centre and states will take corrective action by March 31 to reduce the compliance burden on businesses and citizens, Guruprasad Mohapatra, secretary, Department for Promotion of Industry and Internal Trade (DPIIT) said on Wednesday. ....