FAIVM urges PM to introduce centralized registration system for traders

Excelsior Correspondent
JAMMU, Aug 4: Federation of All India Vyapar Mandal (FAIVM) has urged the Prime Minister Narendra Modi to scrap trade license issued by local bodies and instead introduce centralized registration system for trade facilitation of traders.
In its letter sent today, the Sanjay Bansal (president, FAIVM J&K) expressed disappointment that the traders community, especially the shopkeepers under Municipal Corporation/Municipal board, are yet to get benefit of ease of doing business, as traders have to obtain number of licenses from local bodies besides the Central as well as State Government.
“Obtaining a license is mandatory and the process of obtaining these many licenses is so complex that a trader can get all these licenses only through consultants/advisors. In completing all these processes, a businessman has to spend Rs 50,000 to one lakh rupees per year on average, in which the amount of tax received by the Government is very less,” he added.
Though issuing trade license do not generate any high income to these local bodies, but for a businessman it is a harassing act and entire process involves a high corruption, Bansal said and urged the PM to form a National Trade Policy like the National Education Policy.
“For ease of doing business, a centralized registration system should be introduced. After the centralized registration system, the traders/shopkeeper should be relieved from obligation to obtain Trade License or any other similar license either by local bodies or by State/Central Government,” he asserted.
According to the National general secretary of FAIVM, V K Bansal, another benefit from the centralized registration system is that it will not only introduce a transparent system, but the Government will also have a sophisticated data of all the traders of the nation and the Government will  have a data for making any policies in the interest of Trade.