'To increase transparency, end-to-end e-bill system to be launched', says Indian FM Sitharaman

the private sector will be encouraged to develop sustainable and innovative business models for battery or energy as a service this will improve efficiency in the ev ecosystem efficient use of land resources is a strong imperative states will be encouraged to adopt unique land parcel identification number to facilitate i.t based management of records the facility for transliteration of land records across any of the schedule 8 languages will also be rolled out the adoption of linkage with national generic document registration system ng drs with the one nation one registration software will be promoted as as an option project for uniform process of registration and anywhere registration of deeds and documents necessary amendments in the code ibc will be carried out to enhance the efficiency of the resolution process and facilitate cross-border insolvency resolution accelerated corporate exit several i.t based systems have been established for accelerated registration of new companies now the center for processing accelerated corporate exit c pace will process re-engineering will be established to facilitate and speed up the voluntary winding up of these companies from the currently required two years to less than six months [Music] government procurement government rules have recently been modernized for the needs of amritakal the new rules have benefited from the inputs from various stakeholders the modernized rules allow use of transparent quality criteria besides cost and evaluation evaluation of complex standards provisions have been made for payment of 75 of running bills mandatory within 10 days and for encouraging settlements of disputes through contribution as a further step to enhance transparency lake and to reduce delays and payments a completely paperless end-to-end online e-bill system will be launched for use by all central ministries for their procurement the system will enable the suppliers and contractors to submit online their digitally signed bills and claims and track the status from anywhere to reduce indirect cost for suppliers and work contractors the use of surety bonds as a substitute for bank guarantee will be made acceptable in government procurement business as business such as gold imports may also find this useful irdai insurance regulator has given the framework for issue of surety bonds by insurance companies abgc promotion task force the animation visual effects gaming and comic the avgc sector offers immense potential to employ youth the an avgc promotion task force with all stakeholders will be set up to recommend ways to realize this and build domestic capacity for serving our markets and the global demand [Music]

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