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Cost of regulation survey to focus on possibility of implementation

In ascertaining the cost of regulation (CoR), the government has decided to stress the possibility of implementation by states and Union Territories, and inputs from industry representatives

Cost of regulation survey to focus on possibility of implementation

Cost of regulation survey to focus on possibility of implementation
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27 Sept 2024 9:27 AM GMT

In ascertaining the cost of regulation (CoR), the government has decided to stress the possibility of implementation by states and Union Territories, and inputs from industry representatives.

The Department for Promotion of Industry and Internal Trade (DPIIT) will soon appoint survey agencies to find the cost of regulation. It will ask the agencies to present the data collected in a manner that can be used for the purposes of assessment of costs and identification of reforms in states, UTs, and Central Ministries, official sources told Bizz Buzz.

The DPIIT will also ask the agencies to conclude data collection from industry representatives, intermediaries, and experts through interviews.

The objectives of the exercise are to: objectively measure the administrative cost burden arising from shortlisted government services across the country within the DPIIT guidelines; identify reform areas from this objective assessment under each cost category, as defined in the DPIIT’s CoR framework; undertake comprehensive survey activity across the country and capture the required data points required as per the CoR framework; and keep details of the respondents/interviewers anonymous for the next five years.

The details, the sources said, “shall not be disclosed without a written permission obtained from DPIIT.” The CoR exercise will help improve the ease of doing business, they added.

With the objective to improve ease of doing business and ease of living, the government has taken initiatives to simplify, rationalize, digitize, and decriminalize government to business and citizen interface across all states and UTs, an earlier official press release said.

So far, more than 42,000 compliances have been reduced and more than 3,800 provisions have been decriminalized. The National Single Window System (NSWS) is a unified platform for applying for all G2B clearances from various Central ministries and departments and state departments. All 32 in-scope Central ministries and departments are integrated on the NSWS.

cost of regulation DPIIT National Single Window System 
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