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Ease of doing business

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Indian Economy and Government current

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Ease of doing business

  1. 1. HARVEER SINGH’S LECTURE SERIES :EASE of DOING BUSINESS in IndiaTOPIC 1 HARVEERSIR
  2. 2. TO PONDER Analyse recently released state-wise Ease of Doing Business in India? 2 HARVEERSIR
  3. 3. 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.
  4. 4. DECEMBER 2015  India Ranks 130 in EODB. A jump of 12 points in a year (It was 142 last year)  India can improve on  Labor laws,  Approval for electricity and construction permits,  Single window clearance,  Faster and clear environmental clearances,  Predictable tax regime, among others.
  5. 5.  Five Important thing in EODB.  Do Away  Give to Third Party  Make it Online  Simplify  Fix a timeline  These five things are to be implemented across legislations, procedures, transparency and facilitation.
  6. 6. STATEWISE EODB. 7 HARVEERSIR
  7. 7. STATEWISE EODB
  8. 8.  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 cities  The scores are based on progress made in reforming business regulations in eight separate areas, including tax and employment 9 HARVEERSIR
  9. 9. ANALYSIS  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 Investors.  It is another way of state-level reforms to supersede national law, as a way around the law making related gridlock in India. 10 HARVEERSIR
  10. 10. THANK YOU 11
  11. 11. 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 report.
  12. 12.  A study commissioned by the Norwegian government alleges  methodological weaknesses,  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 environment.
  13. 13.  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 misinterpreted,  the narrowness of the indicators and information base,  the data collection methodology, and  the lack of peer review.
  14. 14. Thank You  15 HARVEERSIR

Indian Economy and Government current

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