Tuesday 28 January 2020
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business-standard - 14 days ago

Punjab cabinet gives nod to Right to Business Act

The Punjab cabinet on Tuesday gave its nod to the Punjab Right to Business Act 2020, aimed at facilitating micro, small and medium enterprises (MSMEs) in the state. The state cabinet also authorised Punjab Governor V P Singh Badnore to summon a two-day special session of state assembly on Thursday and Friday. The proposed law will be brought in the two-day long special session of the Punjab Assembly starting on January 16, a government statement said here. The cabinet meeting was held under the chairmanship of Punjab Chief Minister Amarinder Singh, it added. The Right to Business Act is aimed at easing regulatory burden on newly incorporated MSMEs by providing enabling provision of self-declaration and also exempting them from certain approvals and inspections for establishment and operations of MSMEs in the state. The MSMEs in the state will get a big relief from the tedious process of getting regulatory approvals before setting up of the units, it said. The Act would encompass ...


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