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:EASE of DOING BUSINESS in IndiaTOPIC
released state-wise Ease
of Doing Business in
WHAT IS EODB
An index created by the World Bank Group
The index is based on the study of laws and
regulations, with the input and verification
by more than 9,600 government officials,
lawyers, business consultants, accountants
and other professionals in 185 economies
who routinely advise on or administer legal
and regulatory requirements.
India Ranks 130 in EODB. A jump of 12
points in a year (It was 142 last year)
India can improve on
Approval for electricity and construction permits,
Single window clearance,
Faster and clear environmental clearances,
Predictable tax regime, among others.
Five Important thing in EODB.
Give to Third Party
Make it Online
Fix a timeline
These five things are to be implemented
across legislations, procedures,
transparency and facilitation.
Investors require more information about the
functioning of India at state level.
World Bank rankings give no guide as to where it is
easiest to set up shop in India.
Its ranking for India is based only on business
regulation in Delhi and Mumbai, the two largest
The scores are based on progress made in
reforming business regulations in eight separate
areas, including tax and employment
Naming and shaming low-ranking states will
push them to make changes.
It is another example of competitive
federation in good spirit.
More information availability with the
It is another way of state-level reforms to
supersede national law, as a way around
the law making related gridlock in India.
THE OTHER SIDE/
CRITICAL ANALYSIS OF EODB
It puts focus on simple and lax procedure that
undermines various current challenges that are
Social impact, Environmental impact etc.
Favours flexible Labor regulations.
The International Trade Union
Confederation debuted the Global Rights Index
in 2014 as a response to the Doing Business
A study commissioned by the Norwegian
an uncertainty in the ability of the indicators to
capture the underlying business climate
a general worry that many countries may find it
easier to change their ranking in Doing Business
than to change the underlying business
In June 2013, an independent panel
appointed by the President of the World
Bank and headed by Trevor Manuel of
South Africa, issued a review expressing
concern about the
potential for the report and index to be
the narrowness of the indicators and information
the data collection methodology, and
the lack of peer review.