financetom
Economy
financetom
/
Economy
/
National Single Window System for ease of doing business takes off as 16 states onboard portal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
National Single Window System for ease of doing business takes off as 16 states onboard portal
Sep 6, 2022 9:05 AM

The Narendra Modi government on Tuesday (September 6) said 16 states, including Uttar Pradesh, Karnataka, Maharashtra, and Tamil Nadu, have integrated with the National Single Window System (NSWS) with an aim to promoting ease of doing business.

Share Market Live

NSE

Last year, the government soft-launched NSWS for businesses. It is envisioned to address information asymmetry, duplication of information submitted across platforms and authorities, and inefficient tracking of approvals and registration faced by investors.

Currently, 24 of the 32 ministries and departments have onboarded the system and others are in the process. Of total 368 services identified as relevant, 181 have been onboarded. At the same time, 16 states/UTs out of 36 have also onboarded the system, the government said.

Also Read: Moody's says inflation, global factors unlikely to impact India's recovery

However, 16 states and UT which are yet to integrate with the portal include Goa, Gujarat, Himachal Pradesh, Odisha, Haryana, Jharkhand, West Bengal, Rajasthan, Delhi, and Chandigarh, among others.

The scope of the system has also been expanded to include special schemes such as vehicle scrapping, Indian footwear and leather development programme, ethanol-blending programme, and sugar mill exporters registration by bundling both central and state government approvals.

A common registration form has been built into the system which enables the investor to apply in a user-friendly format for investor-related clearances.

Also Read: GoM open to view of levying different GST rates on online gaming, casinos and horse racing

The form is integrated with the payment gateway (PayGov) and is also integrated with 'Bharat Kosh,' thereby integrating all ministries/departments with the public financial management system of accounting of the government, along with a reconciliation of accounts.

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US sectors to watch as Fed lines up first rate cut of 2025
US sectors to watch as Fed lines up first rate cut of 2025
Sep 17, 2025
(Reuters) -U.S. corporate sectors that are sensitive to interest rates will be in focus as the Federal Reserve looks poised to lower borrowing costs for the first time this year, with most having already notched up gains after Chair Jerome Powell hinted at cuts last month. After easing rates by 50 basis points in September 2024 and 25 bps each...
Fed expected to cut rates, update views of Trump economic plan with new projections
Fed expected to cut rates, update views of Trump economic plan with new projections
Sep 17, 2025
WASHINGTON (Reuters) -The most politically charged U.S. Federal Reserve meeting in years wraps up on Wednesday with broad expectations for a quarter-percentage-point interest rate cut that may spark dissents from some policymakers who feel it is too small and too late and others who feel it is not warranted at all. Just as critical as that decision will be an...
Fed's new projections to account for turbulent period as Miran joins debate
Fed's new projections to account for turbulent period as Miran joins debate
Sep 17, 2025
WASHINGTON (Reuters) -The end of the Federal Reserve's policy meeting on Wednesday will convey a three-part message for investors, showing how much officials have reshuffled their outlooks to account for a weakening job market, how divided the U.S. central bank is becoming over the interest rate path and whether the arrival of Governor Stephen Miran has given it all a...
US sectors to watch as Fed lines up first rate cut of 2025
US sectors to watch as Fed lines up first rate cut of 2025
Sep 17, 2025
(Reuters) -U.S. corporate sectors that are sensitive to interest rates will be in focus as the Federal Reserve looks poised to lower borrowing costs for the first time this year, with most having already notched up gains after Chair Jerome Powell hinted at cuts last month. After easing rates by 50 basis points in September 2024 and 25 bps each...
Copyright 2023-2026 - www.financetom.com All Rights Reserved