How Can Regulatory Frameworks Enhance Trust in Our Systems?
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Synopsis
The Union Finance Minister has emphasized the importance of regulatory frameworks in fostering trust and good governance. The newly inaugurated Corporate Bhavan in Kolkata aims to streamline corporate services, while the PMIS Facilitation Centre will assist aspiring interns. Discover how these initiatives enhance the Ease of Doing Business!
Key Takeaways
- The regulatory frameworks are crucial for ensuring good governance.
- Corporate Bhavan will streamline various corporate services.
- PMIS Facilitation Centre aims to connect youth with internship opportunities.
- Energy-efficient design of the building promotes sustainability.
- Collaboration between governmental and industrial bodies is essential.
Kolkata, May 1 (NationPress) The regulatory frameworks must not only ensure good governance but also empower businesses, promote formalisation, and foster trust in our systems, stated the Union Finance Minister on Thursday.
FM Sitharaman, during the inauguration of the ‘Corporate Bhavan’ in New Town, Kolkata, mentioned that the inaugural ‘Prime Minister Internship Scheme (PMIS) Facilitation Centre’ is also situated in the Corporate Bhavan, aiming to assist aspiring interns with information and queries regarding their applications.
This new establishment will accommodate various offices of the Ministry of Corporate Affairs, including the Regional Directorate (East), Registrar of Companies, Official Liquidator, SFIO, NCLT (Kolkata Bench), and the Insolvency and Bankruptcy Board of India (IBBI), all under one roof.
Sitharaman expressed that the facility will serve as a “genuine single-window interface for companies, insolvency professionals, auditors, startups, and investors seeking prompt corporate regulatory services.”
The amalgamation of services at the Corporate Bhawan is set to significantly reduce costs, speed up the approval process, and enhance operational efficiency—thereby improving the Ease of Doing Business, as stated by the Finance Minister.
The ‘MCA CII PMIS Centre’, a joint initiative between the Ministry of Corporate Affairs (MCA) and the Confederation of Indian Industry (CII), aims to link eligible youth (aged 21-24) with internship opportunities provided by participating companies.
With a dedicated three-member team, the centre will concentrate on identifying eligible candidates who are not engaged in full-time education or employment, offering extensive guidance, and facilitating their registration and application in the PM Internship Scheme (PMIS).
The PMIS Facilitation Centre will assist with the PMIS registration and application process for qualified candidates, provide professional career counselling and guidance, align candidate qualifications and interests with appropriate internship opportunities, and raise awareness about career possibilities through outreach programmes.
The building has been designed with an emphasis on energy efficiency, waste recycling, smart parking, and the well-being of its occupants. Equipped with carbon dioxide sensors, the facility ensures optimal indoor air quality.
Point of View
It's clear that the initiatives launched in Kolkata represent a crucial step towards enhancing corporate governance and trust in our systems. The collaboration between the Ministry of Corporate Affairs and the Confederation of Indian Industry signals a commitment to empowering youth and streamlining business processes. It's imperative that we continue to support such measures that benefit both the economy and aspiring professionals.
NationPress
22/05/2025
Frequently Asked Questions
What is the primary purpose of the Corporate Bhavan?
The Corporate Bhavan serves as a centralized facility housing various offices of the Ministry of Corporate Affairs, aiming to provide a single-window interface for corporate regulatory services.
How will the PMIS Facilitation Centre assist interns?
The PMIS Facilitation Centre will help eligible candidates with registration, application processes, and provide career counselling, matching their qualifications with suitable internship opportunities.
What benefits does the consolidation of services offer?
Consolidating services at the Corporate Bhawan is expected to reduce costs, accelerate approval processes, and enhance operational efficiency, ultimately improving the Ease of Doing Business.
