NITI Aayog Panel Recommends Easing QCOs, MSME CSR, FDI Rules

• NITI Aayog panel recommends easing quality control orders (QCOs) and scrapping mandatory CSR for MSMEs.
• The panel proposes simplifying GST filing, relaxing registration norms, and raising the "small company" threshold to over Rs 100 crore.
• Recommendations include reducing penal interest on delayed GST, less documentation for new businesses, and moving FSSAI/BIS to simpler two-tier standards.
• The report suggests deferring QCOs for raw materials/capital goods and implementing computer-assisted, risk-based inspections by third parties.
• The panel also discussed easing FDI norms, including for China, by tweaking Press Note 3, potentially allowing up to 49% FDI in selected sectors without deep scrutiny.

Why It Matters: Proposed NITI Aayog reforms aim to simplify business and cut regulatory compliance.