What is a modern trend regarding business licenses?
Making them easier to obtain.
Making them easier to obtain. is correct.
A business licence is the government permission needed to start or run an enterprise. Under the old licence-permit regime in India, obtaining such permissions was slow and costly.
Since the 1991 reforms, the trend in India and worldwide has been to simplify licensing: industrial delicensing, single-window clearances, online applications, self-certification and time-bound approvals under the Ease of Doing Business agenda. The aim is to make licences easier and faster to obtain while keeping necessary regulation.
Lengthening approval time runs against this trend; licences are not being abolished altogether, since some regulation remains necessary for safety, health and revenue; and making them impossible to obtain would stop business activity. Hence the modern trend is making licences easier to obtain.
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Important Questions from Industrial Sector
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2. All casual workers are entitled to regular working hours and overtime payment.
3. The government can by a Notification specify that an establishment or industry shall pay wages only through its bank account.
Which of the above statements are correct?
With reference to ‘WaterCredit’, consider the following statements :
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3. It aims to enable the poor people to meet their water needs without depending on subsidies.
Which of the statements given above are correct?
Recently, India's first 'National Investment and Manufacturing Zone' was proposed to be set up in
Which one among the following industries is the maximum consumer of water in India?
With reference to the usefulness of the byproducts of sugar industry, which of the following statements is/are correct?
1. Bagasse can be used as biomass fuel for the generation of energy.
2. Molasses can be used as one of the feedstocks for the production of synthetic chemical fertilizers.
3. Molasses can be used for the production of ethanol.
Select the correct answer using the codes given below:
