This is a blog created specially for the readers of the book Indian Economy Key Concepts. This is mostly to provide Indian Economy related news that is published in various newspapers under one umbrella. My own write ups will be posted very rarely.
The online single-window concept was visualised to enable businesses and investors to save time and costs and improve the business environment.
As part of the UPA Government’s National eGovernance Plan, the Commerce and Industry Ministry, on Monday, announced the launch of an eBiz portal aimed at providing Government-to-Business (G2B) services for India’s investor and business communities.
The portal was launched by Commerce and Industry Minister Anand Sharma at the CII Partnership Summit here. The portal was developed by Infosys in a public-private partnership (PPP) mode. Infosys has been selected as the concessionaire/ project implementation partner, and is responsible for the design, development, implementation and maintenance of the eBiz solution.
The online single-window concept was visualised to enable businesses and investors to save time and costs and improve the business environment. “The project aims to create a business and investor-friendly ecosystem in India by making all business and investment-related regulatory services across Central, State and local governments available on a single portal, thereby obviating the need for an investor or a business to visit multiple offices or a plethora of websites,” he said.
eBiz will create a 24x7 facility for information and services, and will also offer joined-up services where a single application submitted by a customer, for a number of permissions, clearances, approvals and registrations, will be routed automatically across multiple governmental agencies in a logical manner.
An in-built payment gateway will also add value by allowing all payments to be collected at one point and then apportioned, split and routed to the respective heads of account of Central / State / parastatal (a quasi-governmental organisation, corporation, business, or agency) agencies along with generation of challans and MIS (management information systems) reports.