Making Doing Business in Delhi Easier - Inputs on Solutions
We look forward to your inputs!
Aam Aasmi Party
Root Causes for Issues of Doing Business in Delhi:
1. There is lack of coordination between state agencies
2. Corruption is institutionalized at all levels, which creates a hopeless situation for an honest crusader
3. There is no single window clearance system in license issuing
4. The officers have a lot of authority
5. Government employees don’t feel accountability towards their job
6. The rules and regulations to apply for a TIN number are not clear
7. Providing business loans are a more risky proposition for the banks
8. There is lack of skilled and technology friendly employees in Government offices
9. There are multiple laws which creates ambiguity
10. Delhi is a base to many corporate hubs which leads to increased real estate rates.
Doing business in Delhi - Key Issues
1. Taxes are very high
2. The sales tax system has huge loops
3. Too many licenses and clearances required to start a new business
4. Obtaining a TIN number is a tough task
5. Bribes are needed to get pollution clearance certificate
6. Banks don’t give business loans easily without collaterals
7. There are no special business zones in Delhi to help businessmen with saving on expenses
8. Acquiring land for starting a business is very difficult as the real estate rates in Delhi are exorbitant
9. Police/MCD harass shopkeepers and business men by asking for bribes
10. The market associations have a lot of political influence due to which the business suffers (strikes, bandhs etc.) more