The Institute of Chartered Accountants of India (ICAI), in collaboration with the Department For Promotion of Industry and Internal Trade (DPIIT), is inviting businesses to provide feedback on a draft framework for measuring the Cost of Regulation (CoR). This initiative is part of the government's 'Ease of Doing Business' drive, aiming to understand and reduce the financial burden of regulations on companies. ICAI has developed a questionnaire to gather insights from corporates across various services and states.
Committee for Development of International Trade, Services WTO
The Institute of Chartered Accountants of India
ANNOUNCEMENT
SEEKING INPUTS FOR MEASURING COST OF REGULATION - AS REQUESTED BY DPIIT
This is with reference to the communication received from Department For Promotion of Ind
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FAQ :
The purpose is to gather feedback from businesses on a draft framework developed by DPIIT to measure the Cost of Regulation (CoR), as part of the 'Ease of Doing Business' initiative.
The inputs are being requested by the Department For Promotion of Industry and Internal Trade (DPIIT), with the Institute of Chartered Accountants of India (ICAI) facilitating the process.
Cost of Regulation (CoR) is a critical component of overall business costs and an important factor in assessing the ease of doing business.
Businesses can provide their input by filling out a questionnaire developed by ICAI, available via a Google Form.
The deadline for submitting feedback is 28th May, 2023.