To promote trade and and improve Ease of Doing Business in the state, the Punjab government has done away with 479 compliances that were earlier required for seeking various approvals and renewals by industrialists.
These compliances were part of a total 541 age-old mandatory approvals identified to be scrapped under Phase-I of reducing compliance burden by various departments.
The Chief Secretary was informed that as part of Phase-II plan, 70 compliances have been identified across four areas that require amendments to the existing laws, implementation of which is underway and needs to be completed by August 15.