Over the last few years, India has registered a steady improvement in Ease Of Doing Business across indicators
As per the draft policy, ministries and departments will be told to assess whether licensing should be scrapped and replaced with a simple registration process
Regulatory hassles, high import tariffs are a disincentive, they say
Entrepreneurs now require fewer mandays, fewer documents and fewer trees annually to start a business
PM Modi said his government is focused on removing the barriers which were preventing the country from achieving its potential
Implementation of Goods and Services Tax and measures of simplification and consolidation of taxes have reduced transaction costs and made processes efficient, he said
Country is ahead of China, Vietnam and Bangladesh on construction permits, trading across borders and starting a business, but certain painful procedures in the metro haven't been eased yet
The US continues to have the largest presence on the elite list with 132 firms, followed by China at 109
Cracking the ease of doing biz code should be accompanied with efforts to do better than other countries
In the World Bank's latest Ease of Doing Business ranks, India jumped 23 spots to 77. Last year, it had jumped 30 spots
India was ranked 142nd among 190 nations when the Narendra Modi's government took office in 2014
India's rank rose 23 places to the 77th spot in the 'Doing Business' rankings released on October 31
This worsening state of doing business in India actually explains why the central government has even risked souring relations with the country's central bank
Jaitley said the country has improved in four years by 21 points in the 'Starting of Business', and by a massive 132 points in 'Construction Activity' in the same time period
The improvement in the ranking is an achievement and was expected due to the transformational reforms introduced by the government over the last year, says CII president Rakesh Bharti Mittal
The BJP said the jump in the ease of doing business rankings has become possible because of the Modi government's clear policies and hard work
In a series of tweets, Shah congratulated Prime Minister Narendra Modi for his "reformist zeal" that has led to this jump
Another year of success in Doing Business rankings
The BJP-led government, since coming to the power, has reduced red-tape and corruption, and its reforms have ensured India jumps ranks from 142 to 77, he said
Last year, India had improved its position by 30 spots. This year, the World Bank will consider reforms introduced till May 1