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How does e-governance contribute to creating a superior business environment?

ABy increasing bureaucracy and regulations.

BBy streamlining cooperation and improving interaction between government and businesses.

CBy limiting access to government procurement for local businesses.

DBy reducing the competitiveness of the market.

Answer:

B. By streamlining cooperation and improving interaction between government and businesses.

Read Explanation:

  • Simplified Procedures: E-governance uses technology to simplify complex and time-consuming government procedures for businesses, such as applying for licenses, permits, and clearances. This reduction in red tape makes it easier and faster for businesses to operate and grow.

  • Increased Transparency: By providing access to government information and processes online, e-governance reduces opportunities for corruption and favoritism. This creates a fairer and more predictable environment for all businesses, regardless of their size or connections.

  • Improved Communication: Digital platforms facilitate better and more direct communication between businesses and government agencies. This allows for faster resolution of issues and more efficient exchange of information, which is crucial for a dynamic business environment.

  • New Market Opportunities: Initiatives like e-procurement open up government contracts to a broader range of local businesses, making the bidding process more competitive and accessible. This stimulates economic growth and innovation.


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