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It illustrates the ease of doing business in India as compared to other countries.
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Ease of Doing BusinessBy- Prabhanshu Tripathi
Content :• Ease of doing business • India and neighboring countries• Various parameters• Uttar Pradesh(Implementations)• Where doing business is easiest in India?
The ease of doing business index is an index created by the World Bank Group. Economies are ranked on their ease of doing business, from 1–189.A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Economy Ease of Doing Business Rank
Singapore 1
New Zealand 2
Denmark 3Korea, Rep. 4
Hong Kong SAR, China 5
United Kingdom 6
United States 7
Sweden 8Norway 9Finland 10
71
84China
99
107
128
138
174
130
177
Various Parameters :• Starting a Business • Dealing with Construction Permits • Getting Electricity • Registering Property • Getting Credit • Protecting Minority Investors • Paying Taxes • Trading Across Borders • Enforcing Contracts • Resolving Insolvency
India’s performanceTopics DB 2016
Rank DB 2015 Rank
Starting a Business 155 164
Dealing with Construction Permits 183 184
Getting Electricity 70 99
Registering Property 138 138
Getting Credit 42 36Protecting Minority Investors 8 8
Paying Taxes 157 156
Trading Across Borders 133 133
Enforcing Contracts 178 178
Resolving Insolvency 136 136
India’s performance• biggest improvement among the South-Asian
countries in business regulations.
• India has made large improvements in two indicators, starting a business (155th rank) and getting electricity (70th rank).
Uttar Pradesh :• UP was positioned 10th in the recent rankings and
need to actively consider some of the weak points for attracting investments and attaining growth.
• Uttar Pradesh has taken significant steps towards ameliorating the business regulations and building infrastructure for spurring growth.
Cont.
• The Single Window system setting time bound service delivery and making online systems will boost opportunities for entrepreneurs.
• Land allotment, labor compliances and utility support are major weak points which the state of UP need to focus for doing business. With right strategies and focused initiatives.
Implementation :• Overall implementation: 47.37% • Good Practices : • The Department of Labour through the online system
provides one-stop solutions encompassing all the services offered by the Department.
• The portal offers several functionalities including online registration, licensing and renewal under the various Labour Acts.
• The Department has also defined clear timelines and process for registration and renewal of various licenses. The Department has mandated submission of inspection reports under various labour acts within 72 hours of inspection.
Implementation -• Single Window: Implemented a single window
system with a common application form for various clearances. Enforces time-bound delivery for the services under the single window system;
• Starting a Business: Implemented an online system for filing EM1 and 2.
• Infrastructure: Reduced the required documents for electricity connections to 2.
• Environment: Implemented an online consent management system for application filing and payment eliminating physical touch points;
Cont.• Taxes: The Department of Commercial Taxes
allows e-registration, e-payment and e-filing of returns for VAT and CST;
• Enforcing Contracts: Publishes e-cause list for commercial disputes.
• Labour: Allows self-certification under various laws.
Thank You.