The
World Bank Group has been publishing an annual report named ‘Doing Business
Report’ since 2004 to provide specific information on Ease of Doing Business in
over 189 nations across the globe. The Report ranks countries according to the
regulations in place only for small and medium enterprises but which, owing to
its name, often gets mistaken to refer to general business environment.
Government has indicated its concerns about the indicators used, methodology,
sample size, use of ranking, neglect of qualitative and country specific
business environment, etc. to the World Bank.
The
Report does not set any measurable targets for improving the ranking of the
country. While no need for a Committee has been felt, Government has taken several
steps such as simplification and rationalization of existing rules,
introduction of e-governance, reducing fees etc. to ease doing business and
also for improving the ranking of the country. Departments concerned with
various aspects of simplifying procedure and bringing in efficiency and speed
in clearance processes have given high priority to this issue.
This was stated by the Minister for Corporate Affairs, Shri Arun Jaitley in a written reply to a question in Lok Sabha today.
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