Page 107 - Viksit Bharat Ka Amrit Kaal Seva, Sushasan, Garib Kalyan Ke 11 Saal
P. 107

In 2023–24,
                                            India registered
                                         1.80+ lakh
             Rise of 79 ranks,             new companies,
             from 142 in 2014 to            marking a 16%                 4 new
              63 in 2019, in Ease              increase                   labour codes
              of Doing Business             from 2022–23                   to promote
                   rankings                                              labour welfare


                                                                       Corporate tax
                                             Angel                            cut
             Retrospective                                                 to 15% for
                     tax                        tax                      new domestic
                 repealed                    repealed                    manufacturing

                                                                      companies setup till
                                                                        31st March 2024


             50 out of 81                    45,051

                compoundable              compliances have               1,500+
                offences under             been rationalized              archaic laws
               Companies Act              across central and                repealed
                decriminalized            state governments



                SPICe+                    Number of patents

               form bundles 10            granted increased              National Single
             services needed for         seventeen-fold                 Window System
             opening a company                from 5,978                  has ensured
                     into a                  in 2014-15 to                  easier
                 single form              1,03,057 in 2023-24           compliance






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