Wednesday, November 11, 2009

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[IWS] INDIA: THE BUSINESS PORTAL OF INDIA (Website)

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

India
National Informatics Centre (NIC)

THE BUSINESS PORTAL OF INDIA
http://business.gov.in/default.php


The 'Business Portal of India' is a single window access to all possible business related information vital for an entrepreneur, particularly for those of small and medium firms. The information is provided in the form of a well-developed content framework supported by hyper links, online services, frequently asked questions, economic news and latest updates in the national and global business scenario. Thus, it provides an easy access to diverse aspects of business in a user-friendly manner. In a nutshell, the Business Portal of India endows the readers with a step-by-step guide for starting, developing and sustaining a business in India.

The portal has varied modules and sub-modules, relating to the various steps involved in a business life cycle ranging from 'starting a Business' to 'expanding it into a successful enterprise' and so on. These sections provide information on:-

   * The whole process of setting up a business enterprise including preparing a business plan; the various forms of business organisations; choosing a particular product or service; deciding the right location for the industry as well as the procedure for naming and registering a particular business.
   * Efficiently managing a business so as to successfully meet the set goals and objectives of the organisation. This includes promoting and marketing the product produced by the firm; making the product available to prospective consumers through proper distribution channels; managing the accounts and finances of the firm; managing human resources and customer relationships.
   * Growing and expanding a business within the country and abroad. This explains the policies and procedures involved in opening branch offices; entering into joint ventures; undertaking mergers, acquisitions, amalgamations and takeovers.

The rest of the sections provide information on various aspects of business environment. These include: -

   * Legal framework in which the entrepreneur has to function for effectively operating his/her business organisation. It summarizes the various legislations like the Companies Act, 1956; the Foreign Exchange Management Act (FEMA), 1999; the Contract Law; laws relating to environment; manpower related laws (wages, social security, conditions of work, occupational health and safety, etc); laws governing intellectual property rights.
   * Types of taxes and the taxation laws governing the various forms of business organisations like corporates, cooperatives, joint ventures, small scale industries, partnership firms, agents and representative offices. It also covers customs and excise duty, wealth tax, service tax, PAN, TAN, TDS, etc.
   * Financial set up of the country, which provides the necessary business finance, or monetary support required by an entrepreneur for carrying out the various activities during the different stages of a business cycle.
   * Investment opportunities for an entrepreneur both at the National and the State level. It gives information on the policies and incentives put forward by each of the States and Union Territories for attracting investment in their respective economy.
   * Infrastructural facilities available in the country as well as opportunities for investment in the existing and new infrastructure projects, both at the Central and State level.
   * Policies, incentives and opportunities in various industry and services sectors of the country.
   * Trade related information like governing policies and legislations, international trade trends and regional trade agreements.
   * A statistical overview of the Indian economy through various economic indicators, which highlight the past as well as the current performance of the economy.

______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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