Page 3 - Ease Of Doing Business

Rajasthan carrying out large-scale reforms for ease of biz, says minister

The Rajasthan government is carrying out large-scale administrative reforms to ensure ease of doing business and make the state investor-friendly, industry and commerce minister Rajyavardhan Rathore said on Wednesday. "The government is constantly trying to reduce the cost of doing business and reduce red tape to zero under 'ease of doing business' so that it is easy for the industry to do business here," Rathore said while talking to reporters about the 'Rising Rajasthan' Global Investment Summit-2024. The summit is scheduled to be held in Jaipur from December 9-11. The minister further said that the government aims to double the state's gross domestic product (GDP) from the current Rs 15 lakh crore to Rs 30 lakh crore in the next five years. Mobilising investment in the state through the 'Rising Rajasthan' Global Investment Summit is the top priority of the government, he said. The summit is a great opportunity to showcase Rajasthan as one of the most business-friendly states an

Madhya Pradesh bags 'top achiever' status in DPIIT business reforms

The Business Reforms Action Plan (BRAP) assesses the business reforms undertaken by Indian states and union territories (UTs) to facilitate businesses and citizens

Investment-friendly ecosystem key to Kerala's ease of business reforms: CM

A day after Kerala was awarded for its ease of doing business reforms by the Union Ministry of Commerce and Industry, Chief Minister Pinarayi Vijayan on Friday said the investment friendly ecosystem and entrepreneurs' growing confidence in the state has helped it in achieving this status. Kerala has come first in the ranking of the Union Ministry of Commerce and Industry with top achiever status in nine sectors, Vijayan said on Friday. "Proud that Kerala has come first in Ease of Doing Business reforms in the country, with Top Achiever status in 9 reform areas! Our investment friendly ecosystem and entrepreneurs' growing confidence in Kerala's potential has truly been captured. This is a time like no other to invest in and grow from #Kerala.," Vijayan posted on 'X'. The chief minister also pointed out that the state ranked first this year from the 28th position in 2021. Kerala has reached 15th position in 2022. Industries Minister P Rajeeve said out of 30 reform areas, Kerala earne

Regulatory reforms critical for India's push towards Viksit Bharat

While several government initiatives towards policy and legislative reforms are of critical importance, the challenges faced are more internal than external

Mkt regulator Sebi enhances 'ease of doing' business for foreign investors

The market regulator is also working to make regulations 'light-touch' for those FPIs which only invest in government securities or are sovereign funds

Eye on FDI, Centre to ask state govts for investment-friendly reforms

The Centre is currently engaging with various countries to boost FDI inflows, which dropped to $26.5 billion in FY24 from $42 billion in FY23

Corporate governance: Should govt be market-friendly or business-friendly

Political acceptability comes more readily to a govt visibly involved in supporting non-corporate private sector, reducing income inequalities and regional disparities, and addressing caste concerns

Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA

Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside

Sebi extends timeline for inputs on plan to facilitate ease of doing biz

Markets regulator Sebi on Monday extended the deadline for submission of public comments to July 29 on the proposal of providing additional time for disclosure of litigations or disputes involving claims against listed firms. Sebi, on June 26, issued a consultation paper on recommendations of the expert committee for facilitating ease of doing business and harmonisation of the provisions of ICDR (Issue of Capital and Disclosure Requirement) and LODR (Listing Obligations and Disclosure Requirements) Regulations and had sought public comments by July 17. Now, it has been decided to extend the timeline for submission of comments to July 29, the Securities and Exchange Board of India (Sebi) said in a statement. In its consultation paper, the regulator proposed allowing companies to conduct virtual or hybrid shareholder meetings on a permanent basis. Also, the markets watchdog has suggested additional time for disclosure of the outcome of the board meeting that concludes after trading .

Govt committed to create biz friendly environment for industry: Goyal

The Centre is committed to create a business-friendly environment for industry and innovation, Commerce and Industry Minister Piyush Goyal has said. Interacting with industry leaders in Hyderabad on Sunday, the minister said such interactions are key for understanding the challenges faced by the industry and policy-making. "Goyal emphasised the government's commitment towards fostering a robust industrial ecosystem that supports innovation, sustainable growth, and global competitiveness," the commerce ministry said on Monday, quoting the minister. He hailed Telangana for actively promoting investments across various sectors, making it a favourable destination for businesses and investors. The interaction saw a participation of more than 200 stakeholders, including women entrepreneurs, MSMEs, industry associations, export promotion councils and startups, from various sectors.

Govt to form Mediation Council to streamline business dispute resolution

The proposed Mediation Council of India, established under the Mediation Act enacted last year, will mandate that mediation proceedings be completed within 180 days

Trade bodies ask Rajasthan govt to focus on ease of doing business

Suggestions were presented by the Hotel Association of Rajasthan to make the state a global tourism destination by 2047

Framework for state mining index to be finalised soon: Mines secretary

The government is likely to soon finalise a framework for a state mining index which would serve as a tool for stakeholders and ensure ease of doing mining business, an official said on Wednesday. A state mining index would boost cooperative federalism as well as competition among states, Mines secretary V L Kantha Rao said at a day-long workshop on State Mining Index here. Principal secretaries, directors and other officials from 26 states participated in the workshop to discuss and finalise the indicators and sub-indicators of performance which form part of the index framework and methodology. Post consultations and feedback from states, a framework of the state mining index will be finalized and released in July 2024 for actual ranking to take place in April next year, Kantha Rao said. The index would serve as a tool for stakeholders of the mining sector to understand different aspects related to the ease of doing mining business within a state, he added. The secretary also mad

B-READY for business

India's investment culture needs strengthening

Centre begins early preparations for new World Bank Business index

Interministerial meetings underway with DPIIT to get a head start on B-Ready, due for 2026

'India commands over 50% of Global Capability Centres, retains top spot'

India commands over 50 per cent of the Global Capability Centres, and it remains the most preferred destination to set up such GCCs, a report by business consulting company ANSR said on Friday. ANSR Global is a consulting firm that enables organisations to build and manage teams through Global Capability Centres. The company has established over 110 Global Capability Centres, using 12 million sq ft of office space and employs over 1.20 lakh people. According to the quarterly report released on Friday, India commands over 50 per cent of the GCC market with a mix of unique talent and a robust startup system, and the country remains the most preferred destination to set up a GCC. The study also revealed that nearly 80 per cent of GCCs were directing their focus on Artificial Intelligence, Machine Learning, and Data Analytics. "We are witnessing a transformative shift in the Global Capability Centres landscape, with a strong focus on digital capabilities such as AI/ML, analytics, and .

PMO asks commerce min to examine model text of bilateral investment treaty

The Prime Minister's Office (PMO) has asked the commerce ministry to examine the model text of the bilateral investment treaty (BIT) and suggest modifications to further improve the ease of doing business, according to sources. The exercise assumes significance as only seven countries have accepted the existing model text treaty, and most of the developed nations have expressed their reservations on the text with regard to provisions like the resolution of disputes. These investment treaties help in protecting and promoting investments in each other's countries. These pacts are important as India has earlier lost two international arbitration cases against British telecom giant Vodafone and Cairn Energy plc of the UK over the retrospective levy of taxes. Sources said an internal discussion will be held on the model text of the treaty on Monday in the commerce ministry with experts and lawyers. "There will be a presentation in the meeting. We are having an internal discussion on th

Enhance biz environment, boost non-farm jobs via trade openness: World Bank

Labour productivity and the working-age population, the twin engines of growth in the South Asian region, are slowing

Rajasthan govt prepares draft policy to boost exports via ease of doing biz

The draft policy strives to have competitive export logistics in the state for all modes. The focus will also be on skill development programmes to encourage entrepreneurship in the field

Ease of doing biz: Market regulator Sebi to relax certain norms for FPIs

Regulator Sebi on Friday approved a raft of relaxations for foreign portfolio investors, alternative investment funds and entities seeking to raise funds through initial share sales, as part of facilitating the ease of doing business in the securities market. Also, the board of Securities and Exchange Board of India (Sebi) gave its nod for a uniform approach for verification of market rumours by entities that have listed their equities. In a move aimed at testing the feasibility of the optional T+0 settlement mechanism, a Beta version for a limited 25 scrips and limited brokers will be launched. Sebi will continue to do further stakeholder consultation, including with the users of the Beta version. The progress will be reviewed at the end of three months and six months, after which further course of action will be decided, Sebi said in a release. These proposals were cleared by the Sebi board at its meeting that ended late on Friday. Among other measures, the regulator decided to