India ranks 130 as per World Bank Doing Business 2017 report
Q. What is India’s rank as per World Bank’s annual Doing Business 2017 report?- Published on 28 Oct 16a. 130
b. 131
c. 134
d. 116
ANSWER: 130
- India has moved one rank up to the 130th position in the World Bank’s ‘ease of doing business’ ranking for 2017 amongst 190 economies.
- India’s absolute score improved from 53.93 to 55.27 in the previous year.
- On Getting Electricity, the report recognized the efforts of Tata Power in Delhi to make it faster and cheaper to obtain an electricity connection. These efforts, combined with efforts in Mumbai last year, have allowed India to improve its rank on this indicator from 137 in Doing Business 2015 to 26 in this year’s report, a 111 rank improvement.
- The report has also recognized the establishment of Commercial Divisions within the High Courts in Delhi and Mumbai to deal with commercial cases above Rs. 1 crore. This has allowed India to improve its rank by 14 places in 2 years.
- In the area of Trading Across Borders, the report recognized the implementation of the Single Window Interface for Trade (ICEGATE), which integrates approvals and risk-based frameworks of customs and nine departments to provide traders with a single online interface for import clearances.
- On Paying Taxes, the report recognized online filing and payment of returns at the Employee’s Social Insurance Corporation.
