DPIIT 100-day Action Plan

The commerce and industry ministry's arm DPIIT on January 16 will announce ranking of states and union territories for 2022 based on initiatives taken for startups, an official said. The exercise aims to evaluate measures taken by states/UTs to boost the startup ecosystem during a specified period. It also aimed at supporting states and Union territories (UTs) in developing their startup ecosystem and learning from each other's best practices. "The ranking is a periodic capacity building exercise developed and released by DPIIT that evaluates states and UTs on their efforts to build an ecosystem conducive to growth of startups," the official said. The major objectives of the ranking exercise are - facilitating states and UTs to identify, learn and replace good practices, highlighting the policy intervention by States and UTs for promoting startup ecosystem and fostering competitiveness among states. The last ranking was released on July 4, 2022 in which Gujarat, and Karnataka were

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October

The Reserve Bank of India (RBI) administers the FEMA and Directorate of Enforcement is the authority for the enforcement of the act

The various reports on investment climate of states do not match the ground reality

The Board was a key poll promise of the BJP and will improve access to funds, cut down on compliance burden.

Views of all stakeholders, including state governments, would be taken while framing the policy as retail trade is also governed by the Shops and Establishment Act, which is implemented by states