India, Dec. 3 -- New Delhi

The Municipal Corporation of Delhi (MCD) on Tuesday approved the integration of the general trade and storage licence with the property tax system, under which the general trade licence fee will be charged at 15% of the property tax of the premises and can be paid at the time of paying the annual property tax.

This will reduce the compliance burden on hundreds of trades which are covered by the licensing regime, officials said. The general trade licence and storage licence regime covers more than 463 types of trades, ranging from local grocery shops, pan shops, animal food, art galleries to special trades, such as showrooms, retail outlets, warehouses and godowns.

Mayor Raja Iqbal said termed the move a "land...