This document summarizes the findings of the World Bank's Doing Business report as it relates to India. It discusses the 10 indicator areas evaluated by the report, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. For each indicator, it provides details on the procedures, time, and costs involved in India, comparing performance between cities like Mumbai and Delhi. It also shows India's rankings compared to other economies. While India performs well in some areas like protecting minority investors, getting credit, and getting electricity, there is room for improvement in others like trading across borders, resolving insolvency, and
The ease of doing business index is an index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the effect of improving these regulations on economic growth is strong.
Corporate Governance is not only a legal compliance but is necessary for the optimum growth of a business. A transparent and well-governed company is perceived to be doing business in honest way and contributing in the development and wellness of society. Therefore businesses should adapt system of Corporate Compliance Management to establish and maintain Ethics, Integrity and Accountability in their routine. सत्यं वद, धर्मं चर (Forever Speak the Truth and Follow the Dharma) has been the mantra of good people and same applies to Corporate and Business.
Today I was at Assocham’s 2nd National Conference on Corporate Compliance Management to give my view on the quest for Corporate Governance and necessity of Corporate Compliance Management.
Company Secretaries- Adding Value through TechnologyPavan Kumar Vijay
With the advancement of IT and Internet-based systems and tools, the scope of corporate and legal consultancy has widened; we can easily provide services to bigger and global clients. But the competition will also be with global players. So Company Secretaries have to learn and adapt new technologies to provide speedy solutions with collaboration of Human Intelligence and Internet based knowledge.
The ease of doing business index is an index created by the World Bank Group. Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the effect of improving these regulations on economic growth is strong.
Corporate Governance is not only a legal compliance but is necessary for the optimum growth of a business. A transparent and well-governed company is perceived to be doing business in honest way and contributing in the development and wellness of society. Therefore businesses should adapt system of Corporate Compliance Management to establish and maintain Ethics, Integrity and Accountability in their routine. सत्यं वद, धर्मं चर (Forever Speak the Truth and Follow the Dharma) has been the mantra of good people and same applies to Corporate and Business.
Today I was at Assocham’s 2nd National Conference on Corporate Compliance Management to give my view on the quest for Corporate Governance and necessity of Corporate Compliance Management.
Company Secretaries- Adding Value through TechnologyPavan Kumar Vijay
With the advancement of IT and Internet-based systems and tools, the scope of corporate and legal consultancy has widened; we can easily provide services to bigger and global clients. But the competition will also be with global players. So Company Secretaries have to learn and adapt new technologies to provide speedy solutions with collaboration of Human Intelligence and Internet based knowledge.
Corporate Governance is the practice of transparency in operations and transactions expected from Corporate Houses. सत्यं वद, धर्मं चर (Forever Speak the Truth and Follow the Dharma) has been our old age mantra for high standard of living and governance practices. To imbibe Corporate Governance norms in the structure of a business, leaders have to have vision and inclination towards Ethics, Integrity and Accountability. History has shown that Companies who followed these practices have earned the faith of world at large. Well governed and transparent companies have fared well in their business and also contributed to maintain the inclusive development and growth of society.
Disclosure of Transfer Pricing Policies: An Internal Prespectiveiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Dear Members,
We are pleased to present to you ‘TransPrice Times – July 2018 edition’.
This periodical covers key court rulings on selection of different tested party; FAR analysis and Rule of consistency.
Apart from this, recent news relating to the draft e-commerce policy released by Government of India have been discussed in the periodical. Links to the OECD’s recent activity and our Special Edition article on ‘Changing Colours of Indian Tax Audit (3CD)’ have also been cited.
We trust you will find this update useful and informative.
We would be happy to know your suggestions. You can write to us at akshaykenkre@transprice.in
Thank You and Happy Reading!!
A detailed perspective of the background, the present functioning and the future possibilities of the merger control regime in India as it unfolds with the passage of time by the architect of merger control in India.
Calibrating the Pulse of Competition Law in Indiaelithomas202
Our recent survey indicates that more than 80% of Indian enterprises are unaware about Competition Law, the effect it seeks to achieve and the likely consequences of contravening it.
National Trade Facilitation Strategy and RoadmapNotis Mitarachi
25 actions to reduce time to export by 50% and costs by 20% by 2015, thus leading to 10% increase in exports’ value, 1.7% increase of the GDP and 80,000 new jobs
Presentation by Notis Mitarachi, 01/11/2012
Corporate Governance is the practice of transparency in operations and transactions expected from Corporate Houses. सत्यं वद, धर्मं चर (Forever Speak the Truth and Follow the Dharma) has been our old age mantra for high standard of living and governance practices. To imbibe Corporate Governance norms in the structure of a business, leaders have to have vision and inclination towards Ethics, Integrity and Accountability. History has shown that Companies who followed these practices have earned the faith of world at large. Well governed and transparent companies have fared well in their business and also contributed to maintain the inclusive development and growth of society.
Disclosure of Transfer Pricing Policies: An Internal Prespectiveiosrjce
IOSR Journal of Business and Management (IOSR-JBM) is a double blind peer reviewed International Journal that provides rapid publication (within a month) of articles in all areas of business and managemant and its applications. The journal welcomes publications of high quality papers on theoretical developments and practical applications inbusiness and management. Original research papers, state-of-the-art reviews, and high quality technical notes are invited for publications.
Dear Members,
We are pleased to present to you ‘TransPrice Times – July 2018 edition’.
This periodical covers key court rulings on selection of different tested party; FAR analysis and Rule of consistency.
Apart from this, recent news relating to the draft e-commerce policy released by Government of India have been discussed in the periodical. Links to the OECD’s recent activity and our Special Edition article on ‘Changing Colours of Indian Tax Audit (3CD)’ have also been cited.
We trust you will find this update useful and informative.
We would be happy to know your suggestions. You can write to us at akshaykenkre@transprice.in
Thank You and Happy Reading!!
A detailed perspective of the background, the present functioning and the future possibilities of the merger control regime in India as it unfolds with the passage of time by the architect of merger control in India.
Calibrating the Pulse of Competition Law in Indiaelithomas202
Our recent survey indicates that more than 80% of Indian enterprises are unaware about Competition Law, the effect it seeks to achieve and the likely consequences of contravening it.
National Trade Facilitation Strategy and RoadmapNotis Mitarachi
25 actions to reduce time to export by 50% and costs by 20% by 2015, thus leading to 10% increase in exports’ value, 1.7% increase of the GDP and 80,000 new jobs
Presentation by Notis Mitarachi, 01/11/2012
Integrating Special Economic Zones into Economic Development StrategiesOECDglobal
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
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Presentation Title: With Great Data Comes Great Responsibility: Data Management for PPSR
Presenter: Andrea Wiggins, Postdoctoral Fellow, University of New Mexico
Technology Transfer for Small and Medium Sized Enterprises John Whelan
John Whelan
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TCD
Intellectual Property Ireland 2010
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This World Bank Group-OECD presentation was made during their joint meeting on making investment climate reforms happen in April 2015. The presentation focuses on how collaboration between the World Bank and the OECD can enhance positive investment climate reforms.
For more information about OECD and World Bank investment policy tools, visit http://www.oecd.org/investment and http://www.worldbank.org/en/topic/trade/brief/trade-competitiveness
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Hong Kong has enduring advantages and status as a leading business hub in the Asian region. By breaking down Foreign Direct Investment and categorising by country, InvestHK supports Hong Kong's status as a premium investment location.
Originally presented by Luca de Leonardis, Head of InvestHK in Australia and New Zealand, at Australia-China BusinessWeek 2015 Melbourne,
The document describes the ease of doing business in India. It discusses the factor used for calculating ease of doing business index. It also mentions about the regulations restricting the ease of doing business in India and the way forward to improve the same.
This presentation contains all the details regarding new improvements in Doing Business in India 2018. The data is taken from various news articles and Ease of Doing business 2018 world bank Report. I am ready to send detailed report along with conclusion on Ease of doing business at Attractive price..
Following are the references used in report:
1 World Bank, Doing Business Report 2018, October 2017
2 Doing Business website: http://www.doingbusiness.org
3 live mint, 2017, Matthew Lillehaugen and Milan Vaishnav: Doing business in India: myths and realities
4 Hindustan Times, October 31, 2017, P Suchetana Ray and Asit Ranjan Mishra, India jumps into top 100 in World Bank’s ease of doing business rankings
5 Hindustan Times, 1 Nov, 2017, P Suchetana Ray and Moushumi Das Gupta, Ease of doing business: How India improved its ranking.
India has become the globally most preferred destinations for conducting business operations today. The key drivers of business growth in India includes the huge investment potential, lower operating costs, skilled workforce, emerging markets with tremendous business opportunities that is available to foreign investors. These positive indicators have attracted many foreign corporations to set up their business operations in India.
Seeing the Indian growth story and future outlook we’re pleased to launch our India Entry Consulting services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network. Our India business entry services is directed at providing the right platform to entrepreneurs/ corporates around the globe to take their business initiative in India in a well-informed, strategically driven manner.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
Doing Business Indicators developed and measured by the World Bank compare the economies of over 180 countries based on a wide variety of statistics, from credit availability to cross border trading. In 2018, Bangladesh ranked 177/180 obtaining the DTF score 40.99/100. Some observations and recommendations are presented here.
1. INDIAN INSTITUTE OF TECHNOLOGY ROORKEE
Presentation On:
Presented By:
Anant Sirohi (15810003)
Arush Jain (15810009)
Doing Business Reports
2. 2
TABLE OF CONTENT
• Introduction
• Business Environment
• Doing Business Evaluations Criteria
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credits
Protecting Minority Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
• Conclusion
3. 3
INTRODUCTION
Doing Business sheds light on how easy or difficult it is for a local
entrepreneur to open and run a small to medium-size business when
complying with relevant regulations.
It measures and tracks changes in regulations affecting 10 areas in the
life cycle of a business.
In a series of annual reports Doing Business presents quantitative
indicators on business regulations and the protection of property rights
that can be compared across 189 economies.
4. 4
The Doing Business methodology has limitations such as an economy’s
proximity to large markets, the quality of its infrastructure services (other
than those related to trading across borders and getting electricity), the
security of property from theft and looting, the transparency of
government procurement, macroeconomic conditions or the underlying
strength of institutions—are not directly studied
The data not only highlight the extent of obstacles to doing business,
they also help identify the source of those obstacles
5. 5
BUSINESS ENVIRONMENT
For policy makers trying to improve their economy’s regulatory
environment for business, and to find out how it compares with the
regulatory environment in other economies.
Doing Business presents results for 2 aggregate measures: the distance
to frontier score and the ease of doing business ranking.
The ease of doing business ranking compares economies with one
another; the distance to frontier score benchmarks economies with
respect to regulatory best practice, showing the absolute distance to the
best performance on each Doing Business indicator.
Ease of doing business ranking can show only how much the regulatory
environment has changed relative to that in other economies.
6. 6
The 10 topics included in the ranking in
Doing Business 2016
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
10. 10
Starting a business there requires 12.90 procedures, takes 29.00 days,
costs 13.50% of income per capita and requires paid-in minimum capital of
0.00% of income per capita.
What it takes to start a business in India - Mumbai
11. 11
DEALING WITH CONSTRUCTION
PERMITS
Regulation of construction is critical
to protect the public.
It needs to be efficient, to avoid
excessive constraints on a sector
that plays an important part in
every economy.
hazardous construction that puts
public safety at risk.
several assumptions about the
construction company, the
warehouse project and the utility
connections are used.
15. 15
GETTING ELECTRICITY
Access to reliable and affordable electricity is vital for businesses.
Rely on self-supply, often at a prohibitively high cost due to poor power
supply which is very costly.
First step for a customer is always to gain access by obtaining a
connection.
Getting electricity there requires 5.00 procedures, takes 90.10 days and
costs 442.30% of income per capita.
20. 20
REGISTERING PROPERTY
If property is informal or poorly administered, it has little chance of being
accepted as collateral for loans—limiting access to finance.
If formal property transfer is too costly or complicated, formal titles might
go informal again.
Doing Business records the full sequence of procedures necessary for a
business to purchase property from another business and transfer the
property title to the buyer’s name.
Registering property there requires 7.00 procedures, takes 47.00 days
and costs 7.50% of the property value.
31. 31
Paying Taxes
Ease of paying tax along with the tax
rates and tax administration in the
country.
Measures the administrative burden
of paying taxes and contributions.
Information on filling and payments.
Time taken to comply tax laws.
35. 35
Trading Across Borders
Document requirements, custom
procedures, port operations and
infrastructure.
Time and cost involved in logistical
process of importing and exporting
of goods.
Time is measured in hours.
Costs are measured in US dollars
and include insurance cost and
other informal payments.
40. 40
Enforcing Contracts
Effective and transparent
settlement of disputes.
Speedy trails for small enterprises.
Quality of Judicial processes index.
Adoption of good practices in the
court system.
48. 48
Conclusion
Currently, India’s rank is 130th in the list of 189 countries.
India is performing well in:-
1) Protecting Minority Investors- Rank 8
2) Getting Credits- Rank 42
3) Getting Electricity- Rank 70
There is a lot of scope to improve:-
1) Trading Across Borders- Rank 133
2) Resolving Insolvency- Rank 136
3) Registering Property- Rank 138
4) Starting a Business- Rank 155
5) Paying Taxes- Rank 157
6) Enforcing Contracts- Rank 178
7) Dealing with Construction Permits- Rank 183