Clarion Call To Reduce Compliance Burden Have Leveraged EODB: Union Minister Jyotiraditya Scindia

AICTE Chairman Professor Anil Sahasrabudhe revealed that they have re-engineered their system of approval by adopting the principle of 'Light but tight' regulations.

The Ministry of Education (MOE), in association with the All India Council for Technical Education (AICTE), has organized a National webinar on the theme of 'Good Governance: Improving Ease of Doing Business, Reducing Compliance Burden'.

The national webinar was inaugurated by Shri Jyotiraditya Scindia, Minister of Civil Aviation, Government of India. The keynote address of the inaugural ceremony was given by Shri Anand Deshpande, Founder, Chairman and Managing Director of Persistent Systems.

During the inaugural address, Shri Jyotiraditya Scindia congratulated the Ministry of Education and AICTE for organizing such a webinar that will benefit the country and all the stakeholders.

"It is evident that government alone cannot bring change or revolutionize a particular sector. Government-Private partnership is required. It requires stability and reliability as well as consistent efforts. The EODB ranking has improved between 2015 and 2021. The credit goes to the Honorable Prime Minister Shri Narendra Modi for this subtle change in the mindset. The Hon'ble PM has mandated that there is a dire need to reduce the burden of compliance and create an easier ecosystem for our stakeholders. The government has dismantled 1,500 obsolete laws to ease the burden of compliances," said Shri Scindia.

The minister emphasized that dismantling obsolete guidelines has cut the transaction cost by $2 billion, and it has saved time and money for the businessmen. "By reducing the burden of compliances, 298 services in DGCA have now been made online," concluded Scindia.

AICTE Chairman Professor Prof Anil D Sahasrabudhe said, "Ease of doing business is not just confined to industries or financial institutions, but it is applicable in every aspect of the life of a citizen. It is all about improving the overall system. When it comes to higher education, there are major stakeholders and AICTE has been trying to make the process simplified so that the burden on stakeholders and institutions can be reduced. Students will be also benefited as we have been successful in reducing the compliance burden, thus conducting business with ease. It includes disbursing scholarships on time, and all other benefits for students without delay. In line with the spirit of the Government of India, we have also re-engineered our systems of approval by adopting the principle of “Light but Tight” regulations. It will help institutions to obtain approvals, project grants & other interventions based on self-disclosure and every formality can now be completed by digital means.”

"The principle of Light but Tight regulatory system could bring revolutionary changes to the educational sector. Reducing the compliance burden is very much necessary and it will multiply the effect on the ease of doing business. The guidance of our Chairman, Prof Anil Sahasrabudhe is playing a crucial role in this effort. We aim to give technical education to everyone, and that is our ultimate goal," said Professor MP Poonia, Vice Chairman, AICTE.

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