DBWorld Bank Report Among the above nations, India is ahead on indicators like Getting credit, Protecting minority interest and also ranks second highest in the Getting Electricity indicator. India also strengthened access to credit by adopting a new insolvency and bankruptcy code that introduced a reorganization procedure for corporate debtors. Other reform measures like introducing the Income Computation and Disclosure Standards ICDS to standardize the methods of computing taxable income and other tax accounting standards has simplified tax compliance which has led to an improvement in the Paying taxes indicator. Inspite of all the work done, India still needs to work on the indicators like Enforcing contracts and Registering property where other competing countries like China, Thailand rank higher.
Advertising The rankings for both the years are part of a revised methodology adopted by the bank. India improved its position on three counts—starting a business, getting construction permits and accessing electricity—in the latest edition of the Ease of Doing Business Index, but saw its performance worsen with regard to two parameters—accessing credit and paying taxes.
Here, though, the assessment in the study that focused on the challenges faced by a business house in obtaining a permanent electricity connection for a newly constructed warehouse, was limited to the city of Mumbai, which has the best electricity distribution utilities operting in the country.
It also slipped one spot in the criteria of ease of paying taxes. You might like What farmers at the protest march in Delhi are demanding from the Narendra Modi government India moved up nine spots in the criteria of starting a business to in from last year and its ranking for dealing with construction permits also moved up one spot to However, in the area of protecting minority interests of shareholders, India is ranked at eight, its best ranking across all parameters.
· India Business News: Prime Minister Narendra Modi on Wednesday asked secretaries at the Centre and chief secretaries in the state to analyse the World Bank’s Ease of Doingattheheels.com · India has shot up by 23 spots to reach the 77th position among nations in World Bank's Ease of Doing Business ranking.
The advance - the second big jump in a row - attheheels.com › Home › All India. · India’s standing in the World Bank ranking of countries by ‘ease of doing business’ is set to improve, a year after the country jumped 30 places to clinch the th spot, a person familiar attheheels.com · The World Bank’s Doing Business report ranks economies based on how easy it is to do business there, taking into account trading regulations, property rights, contract enforcement attheheels.com · The Doing Business in Removing Obstacles to Growth report, co-sponsored by the World Bank and International Finance Corporation, the private sector lending arm of the World Bank attheheels.com · India jumps 30 spots to in World Bank’s ease of doing business ranking for as a range of government reforms put in place over the past four years started delivering resultsattheheels.com