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Conference on ease of doing business tomorrow

AP Chambers of Commerce and Industry Federation in association with Associated Chambers of Commerce and Industry of India (Assocham) and the State government will organise a conference on ‘ease of doing business in Andhra Pradesh’ on June 9.

The conference will recommend to the State on how to remove bottlenecks encountered by the entrepreneurs in doing business post-bifurcation.

Assocham is also holding similar workshops at various cities in the country to make similar recommendations to the Centre as well as the State government concerned. The conference is expected to bring the stakeholders to a common platform and identify the laws that hinder the domestic business growth and deliberate with a view to presenting a road map in improving the ease of doing business system in AP, according to APCCFI State vice-president G. Sambasiva Rao.

Chief Secretary S.P. Tucker will be the chief guest. Anakapalle MP Muttasetti Srinivasa Rao and Srikakulam MP K. Rammohan Naidu will attend.

Centre’s response

APCCFI Director O. Naresh Kumar said following their representation and incorporation of them in the report of Parliamentary Standing Committee on Commerce by MP K. Haribabu, three of their suggestions were accepted in the Union Budget.

According to him, when income tax refunds were held up due to scrutiny for long time, they were offered six per cent interest which had been revised at 12 per cent.

When someone went for appeal irrespective of the merit of the case, the assessees were asked to pay 50 per cent of the demand notice. Now it has been brought down to 15 per cent.

Meeting will recommend to the State on how to remove bottlenecks encountered by entrepreneurs