‘Ease of Doing Business’ - Measures to improve India’s ranking to top 50
Q. Which of the following are measures taken to improve India’s ranking in ‘Ease of Doing Business’ to top 50 in the world?
1) Initiative of eCourts should be expedited for electronic filing of complaints, summons and payments especially in the Commercial Courts.
2) On ‘Construction Permit’, procedures shall be brought down to 8 which will be completed within 10 days.- Published on 23 Dec 16a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
ANSWER: Only 1
- To further improve the country’s rank in the indicator ‘Getting Credit’, Department of Financial Services and Ministry of Corporate Affairs shall work towards integrating CERSAI database with ROC Registry of Charges to create a single registry of assets.
- In the indicator ‘Enforcing Contracts’, the Union Commerce and Industry Minister mentioned that country ranks poorly at 172 on this indicator and efforts are required on many reforms to bring the country among the top 50 nations. She also mentioned that the initiative of eCourts should be expedited for electronic filing of complaints, summons and payments especially in the Commercial Courts.
- On ‘Construction Permit’, Secretary, Ministry of Urban Development mentioned that the procedures shall be brought down to 8 which will be completed within 60 days.
- However, the Finance Minister desired that the Department should explore the possibility of commencing the construction on architect’s certification and approval being granted only at the time of the occupancy of the building.
