Question : Ranking on Ease of Doing Business

(a) whether India’s position has moved forward on the rankings of Year 2020 for ‘Ease of Doing Business;

(b) if so, the details thereof;

(c) whether any steps are being taken by the Government to boost the investors’ confidence and to remove the hurdles being faced by them;

(d) if so, the details thereof;

(e) the steps taken to further improve the global ranking of the country in the coming years; and

(f) whether the Government has also launched 10-in-1 form for starting company faster and if so, the details thereof?

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THE MINISTER OF COMMERCE & INDUSTRY
(SHRI PIYUSH GOYAL)

(a) & (b): Yes Sir. In the latest Doing Business Report (DBR), 2020 released by the World Bank on 24th October, 2019, India stands at 63rd position out of 190 countries, registering a jump of 14 places from its last year’s rank. India has improved its rank in 7 out of 10 indicators in DBR, 2020 and has moved closer to international best practices. The DBR, 2020 also acknowledges India as one of the top 10 improvers, third time in a row.

(c) to (e): Department for Promotion of Industry and Internal Trade (DPIIT), in coordination with Central Ministries/Departments and States/UTs, has taken several steps to improve the regulatory environment in the country thereby boosting investors’ confidence. The details of reforms undertaken to improve business regulatory environment in the country thereby improving India’s ranking in the World Bank’s Doing Business Report are given in Annexure.

(f): Yes Sir. Ministry of Corporate Affairs has introduced a new web-based ‘SPICe+ and AGILE-PRO’ form which integrates ten different services from three Central Ministries/Departments and one State Government. These services are – (i) Name Reservation, (ii) Company Incorporation, Registration of – (iii) Permanent Account Number (PAN), (iv) Tax Deduction and Collection Account Number (TAN), (v) Director Identification Number (DIN), (vi) Employees’ Provident Fund Organisation (EPFO), (vii) Employees’ State Insurance Corporation (ESIC), (viii) Goods & Services Tax (GST) & (ix) Profession Tax (Maharashtra); and (x) opening of bank account.

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