Sitharaman promises further GST simplification to help India improve biz ranking
Team Udayavani, Oct 24, 2019, 6:02 PM IST
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it will help in further improving India’s ranking in the World Bank’s ease of doing business index.
India has jumped 14 places to rank 63rd in the World Bank’s ease of doing business ranking index and the country aims to be within 50 in the next few years.
Sitharaman, while talking to reporters, said states too will have to make efforts in improving the business climate in India, especially with regard to property registration.
Implementation of Insolvency and Bankruptcy Code (IBC) has helped in improving India’s business ranking, she added.
Sitharaman also said that in the next ranking, the World Bank will include the business climate in Kolkata and Bengaluru as well. Currently, it takes into account only Delhi and Mumbai.
Chief Economic Adviser Krishnamurthy Subramanian said the current outreach programme being undertaken by the banks has helped in improving credit access to the MSME sector.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Indian markets trade firm on global rally, fresh foreign fund inflows
Manufacturing licence of 10 Patanjali’s Divya Pharmacy products suspended
Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meeting
Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
MUST WATCH
Latest Additions
Why is PM nervous even in BJP bastions: Cong jabs Modi after setback in Indore, Surat
Manipal: K V Kamath conferred with honorary doctorate at MAHE’s special convocation
‘Bahut badi gaddari’: Digvijaya Singh on withdrawal of nomination by Congress candidate from Indore
Indian markets trade firm on global rally, fresh foreign fund inflows
Delhi records a low of 22.2 deg C