Congress slams Modi, says ease of doing business is only for creamy layer

Kapil Sibal said, 'He is not PM of creamy layer of businesses who are located at top end of pyramid in Delhi and Mumbai'

Direct selling industry initiates Aadhaar-based KYC
IANS New Delhi
Last Updated : Nov 04 2017 | 9:37 PM IST

The Congress on Saturday slammed Prime Minister Narendra Modi for "patting himself in the back" over the World Bank report on India's ease of doing business, saying it was only for the "creamy layer of businesses" and that the Prime Minister was "not well-informed about its facts".

The party said that Prime Minister Modi and Finance Minister Arun Jaitley should also hold a press conference on India's slide in the global hunger index.

Prime Minister Modi on Saturday attacked the Congress for questioning the World Bank Report on ease of doing business in India and said with GST and other reforms, its report next year would show further improvement in ranking.

"I don't know whether the Prime Minister is informed about all the facts or not. I don't think he is aware of the concept of ease of doing business, " said Congress leader Kapil Sibal.

"Prior to 2015, there was only one city in every country that was taken into account and that was Mumbai (for the World Bank Report). Now, in 2015, they changed it to two cities. So, Mumbai and Delhi are the two cities for business in India," said Sibal.

"The businesses don't take place only in these two cities of the country. The PM has forgotten that there are crores who do small businesses in other cities of the country. Is the PM thinking about them - the informal sector, small traders and factories," he added.

Sibal said: "He is the Prime Minister of the country and all the business communities, and not just a handful of them. This is called creamy layer of businesses."

"He is not the Prime Minister of the creamy layer of businesses who are located at the top end of the pyramid in Delhi and Mumbai," he added.

Sibal said the two factors taken into consideration for the report were e-filing, which he said was started by the UPA government, and Insolvency Act which was also conceived by the Congress-led UPA.

"Now the World Bank does not consider the impact of all this. So, I do not know why the Prime Minister is patting himself on the back. Does he realise that our Health Index has gone down from 87 to 108. Why does not he (Modi) or Finance Minister (Arun Jaitley) do a press conference on that?" Sibal asked.

"The global Hunger Index in India is worse than most countries of the world. Why does the Finance Minister not do a press conference on that?" he asked.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 04 2017 | 8:55 PM IST

Next Story