Budget 2022 : Ease of Doing Business – UPSC GS3

Ease of doing business:
  • Reforms in Customs Administration of Special Economic Zones will be undertaken, and it shall henceforth be fully IT-driven and function on the Customs National Portal with a focus on higher facilitation and with only risk-based checks.
  • Necessary amendments in the Insolvency and Bankruptcy Code will be carried out to enhance the efficacy of the resolution process and facilitate cross border insolvency resolution.
  • The centre for processing accelerated corporate exit (C-PACE) with process re-engineering will be established to facilitate and speed up the voluntary winding up of companies from the currently required 2 years to less than 6 months.
  • Startups will be promoted to facilitate ‘Drone Shakti” and for Drone-As-A-Service.

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