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Economy
Pradeep Kumar

21/03/21 09:00 AM IST

Source: PIB, The Hindu

Ease of doing business reforms

In news

The number of States who have successfully completed the “Ease of Doing Business” reforms has reached to twenty

Details
  • Five more States namely, Arunachal Pradesh, Chhattisgarh, Goa, Meghalaya and Tripura have completed the “Ease of Doing Business” 
  • States completing Ease of Doing Business reforms are eligible for addtional borrowing of 0.25 percent of Gross State Domestic Product (GSDP)
  • The ease of doing business is an important indicator of the investment friendly business climate in the country.
  • Improvements in the ease of doing business will enable faster future growth of the state economy.
Reforms
  •  Completion of first assessment of ‘District Level Business Reform Action Plan’
  • Elimination of the requirements of renewal of registration certificates/approvals/licences obtained by businesses under various Acts.
  • Implementation of computerized central random inspection system under the Acts wherein allocation of inspectors is done centrally, the same inspector is not assigned to the same unit in subsequent years, prior inspection notice is provided to the business owner, and inspection report is uploaded within 48 hours of inspection.
Source: PIB, The Hindu

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