New Delhi, Dec. 2 -- In a major push to streamline business processes in the national capital, the Municipal Corporation of Delhi (MCD) on Tuesday approved a significant reform that will integrate the General Trade/Storage License (GTL) with the property tax system.

The move, passed in the MCD House, aims to simplify compliance for traders and reduce bureaucratic hurdles long associated with obtaining trade licenses.

Under the new framework, business owners will no longer be required to file a separate application or maintain an individual trade license document. Instead, the license will be automatically endorsed on the annual property tax payment receipt.

A trader's property tax slip, once generated, will serve as the valid GTL, prov...