Page 8 - Ease Of Doing Business

PM Gati Shakti plan, single window clearance to boost FDI inflows in 2022

Implementation of measures like PM Gati Shakti, single window clearance and GIS-mapped land bank are expected to further push investments in 2022

Ease of doing biz, bank sector support will boost telecom industry: Birla

Aditya Birla Group holds over 27 per cent stake in VIL, while Vodafone Plc has more than 44 per cent in the telecom operator

Govt at work to remove burdensome compliance, help ease of doing biz: Goyal

Goyal suggested that the industry and the government together can engage with the judiciary on issues like fast resolution of commercial disputes and capping adjournments

Govt committed to improving ease of doing biz: Niti Aayog's Rajiv Kumar

So far, 1,200 regulations have been removed and others are being looked into, he added

Online building permission system in all cities by March next year

The online building permission system will be implemented across all cities by March next year from about 2,500 cities currently to facilitate ease of doing business in the real estate sector

Georgieva's future at IMF still unclear after marathon board meeting

Some European governments backed the Bulgarian economist to remain IMF chief at Friday's marathon meeting, according to people familiar the matter.

IMF's Georgieva wins some European backing as board debates her future

France, Britain, Germany and Italy were expected to back Georgieva

IMF board says needs more time to weigh data-rigging details

The IMF says it needs more time to weigh its response to a law firm's findings that the agency's managing director was involved in data-rigging at the World Bank when she was a top official there

Joe Biden's team debates IMF chief's fate as board probes ethics scandal

Some staff at the fund, which employs about 2,700 people, have lost confidence in Georgieva, says a Bloomberg report.

Janet Yellen declines to take IMF Chief's calls after scandal

Biden govt has yet to offer support for Georgieva

'Damaged credibility': Modi's UN speech asks WHO, World Bank to shape up

Prime Minister faults world institutes for their work in tracing the origin of the Covid-19 and the suspension of an economic report reportedly manipulated under Chinese pressure

Govt extends tenure of Company Law Committee by one year till Sept 2022

The government has extended by one year the tenure of the Company Law Committee, which was constituted back in 2019

Doing Business

There is space for a more robust, inclusive index

IMF board gets initial briefing on Georgieva role in China rigging scandal

The board agreed to meet again soon for further discussions, an IMF spokesperson said, but gave no specific date.

China manipulated EODB rankings, no irregularities found in Indian data

An independent scrutiny by leading US law firm WilmerHale shows China's massive data manipulation to hide slippage in the World Bank Group's Ease of Doing Business (EODB) rankings.At the same time, no irregularities were found in Indian data, the probe shows adding the country remains a preferred, reliable and trustworthy investment destination for the world.Last week, the World Bank decided to discontinue publication of its EODB report following allegations of data irregularities due to pressure by some top bank officials to boost China's ranking in 2017.The report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.Law firm WilmerHale studied 80,000 documents and used extensive interviews to compile its report on 2018 and 2020 EODB rankings.During a sensitive capital raising year of 2017, said WilmerHale, China was able to leverage its clout and pressurise WB top management into reversing their ranking fall which would have

External review finds deeper rot in World Bank 'Doing Business' rankings

An 84-page review, written by senior academics and economists, was published on the bank's website on Monday, about three weeks after it was submitted to World Bank chief economist Carmen Reinhart.

Ease of doing business helped create more startups: Piyush Goyal

Simplification, facilitation and ease of doing business has helped India create more startups, Commerce and Industry Minister Piyush Goyal said on Sunday. For promoting startups, the government is creating future global leaders and wants to become the innovation hub of the world, he said during an interaction with the industry representatives in Bengaluru. "India has been able to create the third largest startup ecosystem in the world since its launch.This has been possible by the government's focus on reforms like simplification, facilitation and ease of doing business," he said. He called upon the industries to be self-sufficient in the area of semiconductors. Goyal also suggested the participants to formulate a draft road map for the development of startups.

Bad for business: World Bank China rigging scandal rattles investors

They said the World Bank's discontinuation of the "Doing Business" reports could make it harder for investors to assess where to put their money

IMF chief accused of influencing ease of business report in China's favour

Kristalina Georgieva denies she had applied pressure on staff of World Bank, when she worked there, to boost China's ranking in the report.

Bureaucratic red tape, licence raj came down under Modi govt: SII chairman

Chairman of vaccine maker Serum Institute of India (SII), Dr Cyrus Poonawalla, on Friday hailed the Modi government saying that red-tapism and licence raj have come down under its rule.