Absolute volume of business compliances remains major friction point for firms: Stakeholders to Parliamentary Panel

· economictimes.indiatimes.com

Domestic enterprises face significant compliance burdens despite central deregulation efforts. Overlapping rules inflate operational costs and suppress capital deployment for businesses. The government enacted four Labour Codes, which hold potential for reduced compliance. However, state-specific legislations add complexity to the legal landscape. Fragmented regulations and multiple approvals cause delays and increase business costs.

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