Union Minister Piyush Goyal announced a substantial 80 % concession in licensing fees for women entrepreneurs and a 50 % fee reduction for MSMEs.
According to a press release by the Ministry of Commerce and Industry, these incentives are expected to encourage greater participation and entrepreneurship by women and MSMEs.
The Ministry of Commerce & Industry, under the leadership of Union Minister Piyush Goyal, emphasized the crucial balance between industry compliance and public safety during a Stakeholder Consultation held in New Delhi.
The consultation, convened by the Department for Promotion of Industry and Internal Trade (DPIIT), aimed to enhance efficiency within the Petroleum and Explosives Safety Organisation (PESO) and foster dialogue with stakeholders from the petroleum, explosives, fireworks, and related industries.
Addressing safety concerns, Minister Goyal directed PESO to collaborate with the Central Pollution Control Board (CPCB) and the Ministry of Petroleum and Natural Gas (MoPNG) to establish safety guidelines.
These guidelines will facilitate the operation of petrol pumps in areas where habitation is within 30-50 meters, ensuring stringent safety measures are adhered to.
To streamline regulatory processes, Goyal underscored the importance of adopting global best practices. Initiatives include integrating Third-Party Inspection Agencies (TPIAs) into more regulatory processes and developing online permission modules to replace offline procedures, thereby enhancing efficiency and transparency.
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