Union Minister Piyush Goyal Announces Concessions in Licensing Fees
In a significant move to boost entrepreneurship, Union Minister Piyush Goyal has announced an 80% reduction in licensing fees for women entrepreneurs and a 50% reduction for MSMEs under the Petroleum and Explosives Safety Organisation (PESO). This initiative aims to encourage greater participation from women and MSMEs in the petroleum and explosives sectors, balancing industry compliance with public safety.
Minister Goyal directed PESO to collaborate with CPCB and MoPNG to establish safety guidelines, facilitating petrol pump operations near inhabited areas. Efforts also include integrating Third-Party Inspection Agencies (TPIAs) into regulatory processes and developing online permission modules for enhanced efficiency and transparency.
A stakeholder consultation convened by DPIIT highlighted industry concerns and recommendations for regulatory improvements. Industry associations emphasized digitalization, transparency through online portals, and expedited clearance processes. Committees were formed to explore amendments and enhance regulatory frameworks, ensuring ease of doing business while upholding industry standards.
Did you know that tamarind is one of the most widely used tropical fruits in…
Did you know that olives have been grown for thousands of years and are considered…
Honorable President Droupadi Murmu on March 2 2026, launched four women-centric welfare schemes of the…
Varanasi has entered the Guinness World Records by planting 2,51,446 saplings within one hour. The…
The former Australia Captain Alyssa Healy retired from all forms of cricket. When Alyssa Healy…
Just days before the arrival of eight Botswana cheetahs, a major wildlife surprise emerged from…