: National single window system for investors & businesses launched #FinanceIndia #StockMarketNEWS National single window system for investors & businesses launched New Delhi, Sept 22 (KNN) Launch of
@stockMarketNEWS 24 Days ago
National single window system for investors & businesses launched #FinanceIndia #StockMarketNEWS
National single window system for investors & businesses launched New Delhi, Sept 22 (KNN) Launch of National Single Window System (NSWS) is a giant leap towards making India Aatmanirbhar, Union Minister for Commerce & Industry, Textiles, Consumer Affairs & Public Distribution Piyush Goyal said while launching the facility on Wednesday.
The minister said, “in this 75 weeks of Azadi ka Amrit Mahotsav, we can share Azadi ka Amrit with Investors, Business owners (MSMEs) not only fr0m India but fr0m the world. ”
NSWS would usher in Azadi fr0m the legacy of running to government offices, i. e. ease of doing business & Ease of living Azadi fr0m paperwork, duplication & information asymmetry Azadi fr0m Windows within Window, he added.
The Minister said that PM Modi’s, decisive & bold leadership has enabled & encouraged India to dream bigger. His vision has become our mission for the progress of nation & prosperity for crores of citizens Need for a single interface between businesses & Govt at the national level has been felt for a long time.
Speaking on the occasion, he said that this single window portal will become a one-stop-shop for investors for approvals & clearances. The portal as of today hosts approvals across 18 Central Departments & 9 States, another 14 Central depts & 5 states will be added by Dec’21
The minister added that all solutions will be there for all at one click of the mouse through ‘End to End’ facilitation. This would bring Transparency, Accountability & Responsiveness in the ecosystem and all information will be available on a single dashboard. An applicant Dashboard would be there to apply, track & respond to queries.
Services include Know Your Approval (KYA), Common Registration & State registration Form, Document repository & E-Communication
The minister said “today India holds the attention of the world & the entire world is looking at India to rise & claim its rightful place as an economic powerhouse. GDP has grown at over 20% in Q1FY22, Exports jumped 45. 17% in Aug w. r. t. Aug 2020 Record FDI investment of . 72 bn in 2020, $ 22. 53 bn inflow in first 3 months of this FY ~2X w. r. t. Same period in 2020 Recently, India has jumped to 46th spot on GII, a jump of 35 places in last 6 years”.
He said that with a rapid recovery, we are back on track to become one of the fastest-growing large economies like the other transformative & nation-building initiatives launched in the last 7 years. NSWS will provide strength to other schemes e. g. Make in India, Startup India, PLI scheme etc.