Intending to make ‘Atmanirbhar Bharat’, the government of India has launched a national single window system for investors, both domestic as well as international, and businesses. This centralised portal will help in integrating the existing system of clearance of the Centre and States.
You must be aware that there are challenges in the ease of doing business. For instance, if you want to start a business, you will get the challenges of proceeding with it such as documentation, auditing, etc. Keeping such issues in mind, the Ministry of Commerce and Industry has launched this system for investors and businesses so that Ease of Doing Business (EoDB) is achieved.
Thus, now when you plan to run a new business, all you have to do is go to a portal that is designed and upload all the essential documents as mentioned so that it becomes easy for you to run the business. The portal will help in getting all the regulatory approvals for investments. We, at Vaxan, have seen the NEWS from a different perspective keeping in view the improvement of the health care sector. A similar system can be developed for health care wherein people can upload all their medical documents and other information related to their medical history. On uploading, people could get a list of the best hospitals for the medical issue they are facing and then, they need not waste their time in searching for their medical documents for treatment.
Benefits of National Single Window System
This system would be great for the investors as the portal enables them to have access to all the solutions through end-to-end facilitation. The universal access will let you have transparency, accountability, and responsiveness in the system.
Services Offered by the National Single Window System
Investor services such as know your approval (KYA), common registration, state registration, document repository, and e-communication, are offered under the National Single Window System.
Know Your Approvals
This system helps you to know the essential approvals that would be required by the investors so that the operations could be started. The required approvals are prescribed after asking different questions about the planned business activities and then analysing them.
Vaxan suggests that this service can be given to the depository for health care and help you know your hospitals for the respective treatments.
Ease of Doing Business
The NSWS helps in providing freedom from running to government offices for approvals as well as registrations by providing Ease of Doing Business. With granting EoDB, it gives impetus to schemes such as ‘Make in India’, ‘Startup India’, ‘Production-linked Incentive’ schemes.
Invest India played a major role in contributing towards developing the structure of the National Single Window System. The overall technology and architecture are designed by Invest India by getting in touch with respective ministries and getting desired approvals from them.
Now, you know that a centralised system works well for the agenda it is developed for. Just as the National Single Window System is developed for investors and businesses, similarly, a centralised depository can be made for health care improvement as suggested by Vaxan after analysing the benefits of the National Single Window System. It will lead to ease of medical treatments to patients.
