The Committee for Development of International Trade, Services & WTO at the Institute of Chartered Accountants of India (ICAI) has announced invitation of inputs for measuring Cost of Regulation in line with the request raised by the Department For Promotion of Industry and Internal Trade (DPIIT), the Nodal Department for the Ease of Doing Business initiative of Government of India.
The announcement states as follows:
This is with reference to the communication received from Department For Promotion of Industry and Internal Trade (DPIIT) which is the Nodal Department for the Ease of Doing Business initiative of Government of India. Cost of Regulation (CoR) is a critical component in the overall cost for the businesses and an important parameter in mapping ease of doing business.
In this regard, a draft framework has been developed by the Department For Promotion of Industry and Internal Trade or DPIIT, considering the ground challenges mentioned during a series of consultations with States/UTs and industry. Stakeholder consultation is now proposed with industry representatives to discuss Cost of Regulations (CoR) Framework and receive their input and suggestions on the same.
Being Chartered Accountant the total business solution provider, the DPIIT has approached ICAI for getting insights of Cost of Regulation by corporates and hence a questionnaire has been developed for each service in each State. Multiple entries are accepted. You are requested to kindly fill the questionnaire in the form of google form latest by 28th May, 2023.
A detailed presentation giving the framework can be accessed at: CoR Presentation.pptx
The Google Form for filling the questionnaire can be accessed at: https://forms.gle/EUn4xmT8xeEp3Xzo9
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