Business Standard

Growth through ease of compliance

Compliance procedures need rationalisation and integrated digital systems

compliance, tax, companies, economy, policy
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Illustration: Binay Sinha

Shyam Ponappa
During the annual Budget exercise, we are so taken with concerns about expenditure and resource constraints that there’s little room for much else.  Reflecting on a wider canvas, however, leads to the realisation that there is a monster lurking just under the radar, a “dog that didn’t bark” that is a curse on productivity and ease of living.

This is the burden of compliance, the essential but unglamorous, oft-overlooked processes related to following regulations, and filing the requisite reports to various authorities. This activity happens through the year, every year.  Consider some aspects of this to appreciate how much of a
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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