India's overall rank in ease of doing business jumped from 130 last year to 100 this year
A uniform taxation structure is providing much-needed fillip to the government's earnings/revenues
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India had jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking
Paying taxes, resolving insolvency lead the charts; starting business still a concern
Improvements in doing business need to be broad-based
Prime Minister Narendra Modi today hailed as "historic" the jump in India's ranking in 'ease of doing business' and said it was a result of "all-round & multi-sectoral reform push". He said the government is determined to further improve the rankings and scale greater economic growth with the mantra of 'reform, perform and transform'. "Historic jump in Ease of Doing Business rankings is the outcome of the all-round & multi-sectoral reform push of Team India," Modi tweeted. India has jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution. "Over the last 3 years we have seen a spirit of positive competition among states towards making business easier. This has been beneficial," the prime minister said. He said it has never been easier to do business in India. "India welcomes the world to explore economic opportunities our nation has to ...
A look at figures for the last three reports show the country has improved the most in getting electricity connection
Slower but steady upward movement can be seen with regards to starting business, protecting minority investors
Days before the World Bank is set to bring out its flagship report assessing ease of doing business, government officials pinned their hopes on reforms in securing construction permits, starting a business and resolving insolvency, to push India's rank higher.However, senior voices in the government as well as policy experts are divided over whether the country can finally crack the club of top 50 nations by 2018, which has been remained Prime Minister Narendra Modi's aim.The World Bank is set to bring out the Doing Business survey 2018 on 31 October. On Thursday, Department of Industrial Policy and promotion (DIPP) secretary Ramesh Abhishek said that India's position is bound to improve owing to the significant number of steps taken by the government over the past year.India's rank inched up by just one position to 130 in last year's Doing Business survey by the World Bank. This is the same as the year before, but qualifies for a single upward movement in rank as India's position in .
DIPP Secretary Ramesh Abhishek expected the country's ranking to improve on the back of reforms initiated by the government
For effective implementation of Ease of Doing Business, the Odisha government will post all the draft policies, statutes and regulations and seek feedback online.It is part of the state's endeavour to improve the business eco-system of the state to facilitate the investors for setting up and running their business.The state government has mandated that the draft policies, statutes and regulations impacting the investors will be posted online by the respective department in their websites to seek feedback of stakeholders and public comments."The respective departments will subsequently make arrangements to publish the comment and feedback received online on the draft polices, regulations and statutes and how they are addressed in the final version", said an official source.The Odisha government is taking several unique measures to provide congenial atmosphere to woo the investors.In a first, the state government is also coming up with a single portal that will cater to the whole gamut .
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To go for third-party assessment of reforms for ease of doing business
---Drop the pointer table sent with this---With two months before a World Bank team again visits India to assess the 'Ease of Doing Business', the government is banking on reforms in trade infrastructure to jump into a higher ranking this year.India had managed to move up by only one rank, to 130th, last year as part of the Doing Business Report 2017. India's position on seven out of 10 parameters also went down compared to the previous year.On 'trading across borders', which takes into account the entire export-import infrastructure, India had gone up by a single spot to 143rd last year.Now, the government is hoping to better its score significantly, with changes such as the Import Data Processing and Monitoring System (IDPMS) becoming active since then, a senior official said on condition of anonymity. Over the past year, single-window clearance for traders at major ports was implemented, apart from logistics data tracking at the country's largest port, JNPT in Navi Mumbai.The ...
She adds the ministry is working with all states to improve the business climate further
Carlson said GST, bankruptcy law will reduce long-standing challenges to doing business