Starting a business The requirement of Common company seal is eliminated. Introduction of form by MCA. With this form three processes such as Name Availability, Director Identification Number and Incorporation of Company are clubbed into one.
At a meeting with top industry honchos and policymakers to discuss the ease of doing business ranking, in which India jumped to 77th position this year, Modi sought input based on areas such as artificial intelligenceinternet of things, big data analytics and blockchain to streamline and speed up processes to improve overall business environment in the country.
The PM said it is necessary to reduce human intervention in processes, and increase the use of modern and digital technologies. A work culture based on this will further promote policy driven governance, he said.
India was ranked nd among nations in the World Bank index when the NDA government took office in He said his government has made it easier to get loans online and scrapped nearly 1, old and obsolete laws. As per World Bank, the biggest gain was in construction permits, where India climbed ranks to 52nd place on the back of targeted government efforts to remove hurdles.
India now ranks in the top 25 on three indicators — getting electricity, getting credit, and protecting minority investors. For this, improvement is necessary in every sector of the economy, he said. Modi said the government is working towards an industrial policy that will be more reflective of current realities, and in accordance with the new vision of the entrepreneurs of New India.
The PM exhorted the gathering to work towards achieving the target of a top 50 position in the World Bank rankings.The World Bank released the Doing Business report on Tuesday that covers economies and measures how close each economy is to global best practices in business regulations.
Download the questionnaires, technical documents and reports that describe the survey process and the key results for this study. Shivani Bhakoo Tribune News Service Ludhiana, November 12 According to the World Bank Report on ‘Ease of Doing Business’, India’s ranking has improved from to India climbed 23 spots from a year ago to rank 77 out of countries in the World Bank’s latest report on the ease of doing business.
Doing Business ” report. The ease of doing business in India improved notably after a series of reforms made it easier for companies to get construction permits, pay taxes and trade across borders, the. India has jumped into th place on the World Bank’s ranking of countries by Ease of Doing Business for the first time in its report for , up about 30 places, driven by reforms in access to credit, power supplies and protection of minority investors.
Ease of doing business index (1=most business-friendly regulations) from The World Bank: Data.