Page 6 - Ease Of Doing Business

Ease of doing business: UT, states' ranking to be released on Jun 30

The government will release the ranking of states and Union Territories (UTs) in terms of ease of doing business on June 30, the commerce and industry ministry said on Wednesday. Finance Minister Nirmala Sitharaman will release the assessment report of states/UTs under Business Reforms Action Plan (BRAP), 2020 in the presence of Commerce and Industry Minister Piyush Goyal on Thursday, it said. The exercise is aimed at triggering competition among states to improve the business climate to attract domestic and global investors. BRAP 2020 includes 301 reform points that cover 15 business regulatory areas such as access to information, single window system, labour, environment, sectoral reforms and other reforms spanning across the lifecycle of a business. Sectoral reforms have been introduced this time wherein 72 reforms were identified across nine sectors - trade license, healthcare, legal metrology, cinema halls, hospitality, fire NOC (no objection certificate), telecom, movie shoot

Tech-led growth, ease of doing biz, digital transformation tops PM's list

PM Narendra Modi emphasised on technology-led growth, ease of doing business, infrastructure expansion, and digital transformation that, he said, is bringing transformative changes in every sector

Govt eases certain norms under EPCG scheme to promote ease of doing biz

Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation

Ease of doing business: Sitharaman to launch e-Bill processing system

The Finance Minister had announced this major e-governance initiative in the Union Budget 2022-23 presented in Parliament on February 1

Initiate next generation reforms to improve ease of doing biz: FM asks Sebi

The minister's remarks come against the backdrop of the Federal Reserve deciding to tighten its monetary policy after a long period of easy money regime

Telecom Minister urges for deployment of products designed, made in India

Citing better quality and costs, Telecom Minister Ashwini Vaishnaw on Tuesday made an aggressive pitch for adoption of products that are designed and made in India

J&K becomes first UT to be integrated with national single window system

Jammu and Kashmir has become the first Union Territory to be integrated with the national single window system as Lt Governor Manoj Sinha launched the J&K single-window portal, integrating it with the national single-window system. While 130 industrial services have been made online on a single-window system, over 160 more services would be integrated this year, the Lt Governor said. In a series of tweets, the Lt Governor said his administration is linking Jammu and Kashmir into a web of partnerships with the domestic and foreign companies and ensuring global best practices in our regulatory institutions and system. In the last one year since the launch of the new Industrial development scheme, our policies have evolved to make Jammu and Kashmir more competitive and more lucrative for industries and service enterprises, Sinha said. In January last year, the Jammu and Kashmir administration announced a new industrial developmental scheme (IDS) with a total outlay of Rs 28,400 crore

Over 25,000 compliances reduced to aid ease of doing biz: DPIIT

Over 25,000 compliances have been reduced by Union ministries, states and UTs so far to further improve ease of living and doing business, a top government official said on Wednesday. These compliances were reduced during the last phase of an initiative that ended on August 15 this year. Now, the Department for Promotion of Industry and Internal Trade (DPIIT), an arm of the commerce and industry ministry, has again started the initiative to further identify the pain points for businesses and common people and reduce or eliminate those burdens. To further improve ease of living and doing business, the DPIIT is conducting a National Workshop on the Next Phase of Reforms for Reducing Compliance Burden'' on December 22. The workshop is witnessing participation from across central ministries and states/Union Territories (UTs). "In the last phase, which ended on August 15 2021, more than 25,000 compliances were reduced...However this is not the end of the journey, there are still complia

PM Gati Shakti plan, single window clearance to boost FDI inflows in 2022

Implementation of measures like PM Gati Shakti, single window clearance and GIS-mapped land bank are expected to further push investments in 2022

Ease of doing biz, bank sector support will boost telecom industry: Birla

Aditya Birla Group holds over 27 per cent stake in VIL, while Vodafone Plc has more than 44 per cent in the telecom operator

Govt at work to remove burdensome compliance, help ease of doing biz: Goyal

Goyal suggested that the industry and the government together can engage with the judiciary on issues like fast resolution of commercial disputes and capping adjournments

Govt committed to improving ease of doing biz: Niti Aayog's Rajiv Kumar

So far, 1,200 regulations have been removed and others are being looked into, he added

Online building permission system in all cities by March next year

The online building permission system will be implemented across all cities by March next year from about 2,500 cities currently to facilitate ease of doing business in the real estate sector

Georgieva's future at IMF still unclear after marathon board meeting

Some European governments backed the Bulgarian economist to remain IMF chief at Friday's marathon meeting, according to people familiar the matter.

IMF's Georgieva wins some European backing as board debates her future

France, Britain, Germany and Italy were expected to back Georgieva

IMF board says needs more time to weigh data-rigging details

The IMF says it needs more time to weigh its response to a law firm's findings that the agency's managing director was involved in data-rigging at the World Bank when she was a top official there

Joe Biden's team debates IMF chief's fate as board probes ethics scandal

Some staff at the fund, which employs about 2,700 people, have lost confidence in Georgieva, says a Bloomberg report.

Janet Yellen declines to take IMF Chief's calls after scandal

Biden govt has yet to offer support for Georgieva

'Damaged credibility': Modi's UN speech asks WHO, World Bank to shape up

Prime Minister faults world institutes for their work in tracing the origin of the Covid-19 and the suspension of an economic report reportedly manipulated under Chinese pressure

Govt extends tenure of Company Law Committee by one year till Sept 2022

The government has extended by one year the tenure of the Company Law Committee, which was constituted back in 2019