Budget 2025: CII Proposes 10-Point Plan to Simplify Business and Boost Transparency

The Confederation of Indian Industry (CII) has presented a 10-point agenda to the government ahead of Budget 2025. The recommendations focus on reducing the compliance burden, simplifying regulatory processes, and enhancing transparency to improve the ease of doing business in India.

Key Recommendations by CII

1. Streamlined Regulatory Approvals

CII suggests that all regulatory approvals across central, state, and local levels should be processed exclusively through the National Single Window System to simplify and speed up the process.

2. Faster Dispute Resolution

To address delays in legal proceedings, the capacity of courts should be enhanced, and greater emphasis should be placed on alternative dispute resolution (ADR) mechanisms for quicker outcomes.

3. Unified Environmental Compliance Framework

CII recommends creating a single, consolidated document for environmental compliance requirements to streamline processes and reduce complexities.

4. Better Land Access for Businesses

The industry body proposes incentivising states to establish an online integrated land authority that digitises land records, tracks disputes and improves land availability for new and expanding businesses. CII also suggests upgrading the India Industrial Land Bank (IILB) into a national-level land bank with central funding.

5. Timely Public Services Delivery

CII advises the government to pass a law mandating the timely processing of industry applications. If deadlines are missed, approvals should be automatically granted, ensuring accountability and efficiency in public services.

6. Enhanced Judicial Data and Tribunal Management

The scope of the National Judicial Data Grid (NJDG), currently tracking pending court cases, should include tribunal data, which forms a significant part of the backlog.

7. Simplified Labour Compliance

Labour laws remain cumbersome. CII urges the expansion of the Shram Suvidha Portal to cover all central and state labour law compliances, making it a one-stop solution for businesses.

8. Improved Trade Facilitation

The Authorised Economic Operator (AEO) programme, which provides faster customs clearance, should be made easier to access and more appealing to boost international trade.

9. Reduced Tax Disputes

CII highlights the need to minimise tax litigation by addressing case backlogs at the Commissioner of Income Tax (Appeals) level and strengthening mechanisms like Advance Pricing Agreements (APAs) and dispute resolution boards.

10. Focus on Ease of Doing Business

CII emphasises the importance of maintaining momentum in improving the ease of doing business by reducing compliance burdens related to land, labour, environment, and taxes.

CII’s Vision for Economic Growth

CII Director General Chandrajit Banerjee stated that simplifying regulations, reducing compliance, and improving transparency are critical to boosting competitiveness, driving growth, and generating employment. These reforms aim to create a more business-friendly environment, benefiting industries and the overall economy.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.