New Delhi:  The government is considering a series of steps, including drastically reducing the time for registration of business to one day, single registration of all labour laws and cut in number of taxes to improve ease of doing business in India.  The Department of Industrial Policy and Promotion (DIPP), has identified sectors and specific reforms that are urgently required to substantially improve India’s ranking in ease of doing business. The department has listed as many as 46 action points for different central government ministries and state governments for improving the business climate  For Corporate Affairs Ministry, it has suggested that the time taken in registration of business from existing 27 days be reduced to only one day as in Canada and New Zealand. It has also called for doing away with the requirement of company seal and removal of minimum paid up capital for starting a business.

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