The Commerce and Industry Ministry has prepared a blueprint to further improve India’s ranking in the World Bank’s ease of doing business index with a focus on six parameters, including enforcing contracts and starting a business, an official said.
The Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry, is also following reform activities in Kolkata and Bengaluru as these two cities are included by the World Bank this year besides Delhi and Mumbai for preparing the ease of doing business report, with a view to provide a holistic picture of business environment in India, the official said.
The bank has added a new parameter government contracting, taking the total number of criteria to 11.
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The government will share with the World Bank reform activities undertaken for ease of ding business (EoDB) in May-June this year.
The six parameters where the department is focusing are: enforcing contracts (163rd), resolving insolvency (52nd), starting a business (136th), registering property (154th), paying taxes (115th) and trading across borders (68th).
Source: Financial Express
