Centre has firmed up a 295-point reform agenda for states to boost their ranking in the ease of doing business this year, listing dramatic improvement in parametres—including starting a business, electricity connections and granting clearances across various sectors—as key targets
States have been given the target to facilitate the starting of a company in just six days, compared with an average of 26 days now
Digitization of various processes and faster clearances will be key in achieving this objective, they added. All the targets are set after extensive consultations with states.
India’s rank in “starting a business” in the World Bank’s ease of doing business index worsened four notches in the recently-released report from a year before to 155th among 190 nations
States were given a 340-point reform agenda last year and a 98-point one in the previous year when the ranking—a brain-child of the Department of Industrial Policy and Promotion (DIPP) to foster competition among states—was done for the first time.
States have to expedite various licencing and compliance procedures relating to transportation, state excise, health, fertiliser and agriculture sectors to improve their ranking