Ease of doing business: Centre to release states’ ranking tomorrow

The commerce and industry ministry will tomorrow release the ranking of states and union territories (UTs) in terms of ease of doing business. Andhra Pradesh and Telangana jointly topped the 2016 all-India State/Union Territory-wise Ease of Doing Business rankings, reports PTI.
 
Under the business reform action plan, 2017, the ministry will release the ranking of the states and UTs to trigger the competition among states to attract investments and improve the business climate.
 
Several steps are taken by the state governments, such as setting up of single window system for approvals to improve ease of doing business. The government had identified 372 action points for states which they would carry out in a mission mode.
 
According to the report, the parameters include areas such as construction permit, labour regulation, environmental registration, access to information, land availability, and single window system. Improvement in ease of doing business will help attract more investment and a better business climate for investors.
 
World Bank in its latest Doing Business report stated that India's rank improved by a number of notches to 100 among 190 nations.

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The release also stated that the Indian government wants to be among top 50 countries in the overall ease of doing business rankings.