Ease Of Doing Business 2017

In a bid to promote ease of doing business, Reserve Bank Governor Sanjay Malhotra on Wednesday proposed to revise and rationalise guidelines to facilitate better utilisation of bank board's time and draft directions in this regard would be released shortly. The matters to be placed before the Boards of banks, along with their periodicity, are determined by the Boards themselves, guided by the seven broad themes prescribed by the Reserve Bank of India. Meanwhile, the Reserve Bank has also mandated certain policies and matters to be placed before the Board for approval, review, or information. "In an endeavor to enable Boards to utilize its time effectively, and to facilitate a more focused and qualitative engagement on strategy and risk governance, the Reserve Bank has undertaken comprehensive review and rationalisation of all such instructions. Draft directions in this regard will be issued shortly for public consultation," RBI said in its statement on Developmental and Regulatory .

India improved its rankings in six of the 10 sub-categories used by the World Bank to judge the climate of business

Amitabh Kant says New Delhi will name and shame poor performers

These issues were flagged at a meeting with a visiting World Bank team

India's youngest state had shared the Number 1 rank with Andhra Pradesh in 2016

Govt planning to slash number of days required to start a biz in Mumbai, Delhi from current 26 days

Disappointed but not discouraged is how Commerce and Industry Minister Nirmala Sitharaman summarised India's performance in the 2017 Doing Business rankings published by the World Bank each year. At a time when the government is making large efforts to promote India as a business-friendly destination, with endeavours such as the ambitious Make in India campaign and bids to modernise law and procedure, the meagre one-spot rise in the rankings has left many in the nation far from content.One indelible fact that the rankings have revealed is that India still remains one of the toughest places to do business in the world. Ranked 130th out of 190 countries, there is still a lot of work to be done to appear among the top 50.Access to electricity aside, India's performance on most other parameters remains far from satisfactory. In starting a business, the country has slipped four places since last year, sitting at 155th position. The nation's procedural framework related to registration of co