Question
Consider the following statements with reference to the
National Single Window System (NSWS): It was soft-launched in September 2021 by the Ministry of Finance. It is a one-stop digital platform that aims at allowing investors to apply for various business in the country. It would offer a Know Your Approvals service to inform businesses of the details of all related approvals required for their registration. Which of the statements given above is/are not correct?Solution
The platform was soft launched in September 2021 by the Ministry of Commerce and Industries. It is a one-stop digital platform that aims at allowing investors to apply for various pre-operations approvals required for commencing a business in the country. Further, It makes the business registration process easier, allowing the beneficiary to get significant approvals online, without having to run to the government offices for approvals and can avail themselves of services with just a click. It will also offer a Know Your Approvals service to inform businesses of the details of all the approvals they need to obtain as well as a common registration form, document repository and e-communication module.
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