Andhra, Telangana top ease of doing business!

a. Rajasthan

b. Uttar Pradesh

c. Haryana

d. None of the above

 

Andhra, Telangana have topped the ease of doing business ranking. They have jointly topped the ease of doing business ranking while Gujarat has slipped to third position in the list prepared by the World Bank and DIPP.

• Chattisgarh, MP, and Haryana have occupied fourth, fifth and sixth slots respectively in an index based on degree of implementation of DIPP’s 340 point Business Reform Action Plan.
• The Action Plan includes reforms on 58 regulatory processes, policies, practices or procedures spread across 10 reform areas spanning the lifecycle of a typical business.
• Many single window clearance, tax reforms, labor and environment reforms, dispute resolution and construction permit were the tax reform areas considered.
• In 2015, Gujarat featured at the top with AP at second place and Telangana at 13th.
• As per the latest 2016 index, those in the list of top 10 states in India providing a better climate for business including Jharkhand (7th), Rajasthan (8th), Uttarakhand (9th) and Maharashtra (10th).
• Among leading states, Odisha occupied the 11 slot followed by Punjab, Karnataka, UP, WB, Bihar and HP.
• These rankings were provided in a report titled Assessment of State Implementation of Business Reforms 2016 which was prepared by World Bank in association with the Department of Industrial Policy and Promotion.
• The exercise is aimed at promoting competition among states to improve business climate to attract domestic as well as foreign investments.
• In the World Bank’s latest Doing Business report, India’s place has remained unchanged from previous year’s original ranking of 130 among 190 economies assessed on various parameters.
• Last year’s ranking has been revised to 131 from which the country has improved its place by one spot.

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