Page 7 - Ease Of Doing Business

Doing Business

There is space for a more robust, inclusive index

IMF board gets initial briefing on Georgieva role in China rigging scandal

The board agreed to meet again soon for further discussions, an IMF spokesperson said, but gave no specific date.

China manipulated EODB rankings, no irregularities found in Indian data

An independent scrutiny by leading US law firm WilmerHale shows China's massive data manipulation to hide slippage in the World Bank Group's Ease of Doing Business (EODB) rankings.At the same time, no irregularities were found in Indian data, the probe shows adding the country remains a preferred, reliable and trustworthy investment destination for the world.Last week, the World Bank decided to discontinue publication of its EODB report following allegations of data irregularities due to pressure by some top bank officials to boost China's ranking in 2017.The report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.Law firm WilmerHale studied 80,000 documents and used extensive interviews to compile its report on 2018 and 2020 EODB rankings.During a sensitive capital raising year of 2017, said WilmerHale, China was able to leverage its clout and pressurise WB top management into reversing their ranking fall which would have

External review finds deeper rot in World Bank 'Doing Business' rankings

An 84-page review, written by senior academics and economists, was published on the bank's website on Monday, about three weeks after it was submitted to World Bank chief economist Carmen Reinhart.

Ease of doing business helped create more startups: Piyush Goyal

Simplification, facilitation and ease of doing business has helped India create more startups, Commerce and Industry Minister Piyush Goyal said on Sunday. For promoting startups, the government is creating future global leaders and wants to become the innovation hub of the world, he said during an interaction with the industry representatives in Bengaluru. "India has been able to create the third largest startup ecosystem in the world since its launch.This has been possible by the government's focus on reforms like simplification, facilitation and ease of doing business," he said. He called upon the industries to be self-sufficient in the area of semiconductors. Goyal also suggested the participants to formulate a draft road map for the development of startups.

Bad for business: World Bank China rigging scandal rattles investors

They said the World Bank's discontinuation of the "Doing Business" reports could make it harder for investors to assess where to put their money

IMF chief accused of influencing ease of business report in China's favour

Kristalina Georgieva denies she had applied pressure on staff of World Bank, when she worked there, to boost China's ranking in the report.

Bureaucratic red tape, licence raj came down under Modi govt: SII chairman

Chairman of vaccine maker Serum Institute of India (SII), Dr Cyrus Poonawalla, on Friday hailed the Modi government saying that red-tapism and licence raj have come down under its rule.

New Excise Policy to generate revenue, ensure ease of doing biz: Delhi govt

The Delhi government has defended its New Excise Policy 2021 before high court, saying that the new regime would generate optimum revenue and ensure ease of doing business

Parliament passes LLP Amendment Bill to boost start-ups, ease of business

Lok Sabha Monday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost the ease of doing business, amid uproar by the Opposition

Kerala will be a destination for responsible investment: Minister P Rajeeve

Kerala's industries minister P Rajeeve talks about the state's industrial roadmap while raising doubts on the Ease of Doing Business rankings by the Centre

Ease of doing business: Maadhyam portal in works for swift nod to proposals

Maadhyam is a National Single Window System that will allow investors to identify and apply for various pre-operation clearances needed for starting business in the country

Efficient distribution sector needed for ease of doing biz: Niti Aayog VC

Niti Aayog Vice Chairman Rajiv Kumar on Tuesday said a healthy and efficient distribution sector is essential for improving the ease of doing business, and for improving ease of life.

Cabinet approves amendments to LLP Act; 12 offences to be decriminalised

The government will also introduce a new definition of small LLPs based on their turnover size and contributions by partners

India 'challenging place' to do business, must ease hurdles: US State Dept

India remains a challenging place" to do business, the US has said, urging it to foster an attractive and reliable investment climate by reducing barriers to investment and minimising the bureaucratic hurdles. The State Department, in a report '2021 Investment Climate Statements: India' released on Wednesday, said that India remains a challenging place to do business and also referred to the removal of the special constitutional status from the state of Jammu and Kashmir (J&K) and the passage of the Citizenship Amendment Act (CAA). New protectionist measures, including increased tariffs, procurement rules that limit competitive choices, sanitary and phytosanitary measures not based on science, and Indian-specific standards not aligned with international standards, effectively closed off producers from global supply chains and restricted the expansion in bilateral trade, the report said. In its report, the State Department said that the National Democratic Alliance (NDA) ...

Best of BS Opinion: Race to the bottom, increasing infection, and more

Here are the best of Business Standard's opinion pieces for Thursday

Ease vs cost of doing business in India

Business index rankings have become a substitute for addressing the fundamental constraints faced by entrepreneurs

Kitex's exit raises fresh doubts about Kerala as an investment destination

Asked about the episode, Vijayan reiterated that Kerala is one of India's most investor-friendly states

After Covid, we need simplicity in ease of doing business: NITI Aayog CEO

We need to bring reforms as much as we can, after Covid: NITI Aayog CEO

Centre to introduce single-window clearance for investors by Apr 15: DPIIT

All central government departments and 14 state governments, to begin with, will be part of the system