Government takes initiatives to improve ranking in World Bank's Ease of Doing Business

Posted by Daily Shipping Times on 13-04-2017        Tweet

NEW DELHI: In a bid to ensure its reforms are counted by the World Bank in its ease of doing business survey, the Government is reaching out to respondents and nodal departments to ensure they are aware of the reforms undertaken.

The World Bank has started the process of gathering the user feedback across 189 countries for the next edition of ease of doing business report. Up by just one position, India was ranked 130 out of 189 countries on the global doing business report last year, causing disappointment in the government that had expected a better ranking.

India aims to jump 80 spots to be in the top 50 spots in this year’s list. The World Bank interacts with the users before acknowledging the reforms. Lack of positive feedback on the ground was one of reasons cited for India’s poor show in the global ranking even though the Government took many measures to improve the business environment.

Each Ministry was told to meet once a week to ensure steps are being taken to improve the ease of doing business in their subject matters. Besides, they were also asked to meet with stakeholders and gather feedback from respondents and address any issues raised.

All the Ministries have also been asked to set up a task force to monitor steps being taken to promote ease of doing business and also appoint a third-party observer to study the effectiveness of reforms and suggest further action. DIPP has now captured reforms undertaken by the government across the 10 parameters the World Bank will assess as part of its global study. These include getting electricity, enforcing contracts, starting business, registering property, resolving insolvency, construction permits, getting credit, protecting minority investors, paying taxes and trade across borders.