With reference to the Regulatory Compliance Portal, consider the following statements:1. Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens.2. It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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With reference to the Regulatory Compliance Portal, consider the following statements:

1. Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens.

2. It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.

Which of the statements given above is/are correct?

a)
1 only
b)
2 only
c)
Both 1 and 2
d)
Neither 1 nor 2

Correct answer is option 'C'. Can you explain this answer?

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With reference to the Regulatory Compliance Portal, consider the follo...

Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens.

The objective of this portal launched on 1^st January 2021 is to act as a bridge between citizens, industries and the Government in order to minimize burdensome compliances.
It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.
All Central Ministries/Departments and States/UTs would examine laws/regulations/rules under their purview and implement an Action Plan to rationalize and simplify all the processes and remove burdensome compliances. These details would be captured and tracked on the Regulatory Compliance Portal.
Industry stakeholders from Trade bodies such as CII, FICCI and ASSOCHAM would also be able to submit compliances and proposed recommendations. This will be assessed by concerned Government authorities and suitable action would be undertaken to minimize the regulatory compliance burden.

Hence both statements are correct.

Answered by Notes Wala · View profile

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With reference to the Regulatory Compliance Portal, consider the following statements:1. Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens.2. It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?

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With reference to the Regulatory Compliance Portal, consider the following statements:1. Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens.2. It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Regulatory Compliance Portal, consider the following statements:1. Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens.2. It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Regulatory Compliance Portal, consider the following statements:1. Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a Regulatory Compliance Portal to minimize Regulatory Compliance Burden for Businesses and Citizens.2. It will also act as a first-of-its-kind central online repository of all Central and State-level compliances.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.

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