Addressing a news conference soon after the World Bank released its 2019 ranking, Jaitley said areas that require improvement include time taken for registering property, starting business, insolvency and taxation, and enforcement of contract areas.
Delighted at yet another rise in India’s ‘Ease of Doing Business’ rank. We are unwavering in our commitment towards… https://t.co/Oul5mkdanX
— Narendra Modi (@narendramodi) 1540995081000
The BJP-led government, since coming to the power, has reduced red-tape and corruption, and its reforms have ensured India jumps ranks from 142 to 77, he said.
There have been improvements in certain parameters such as enforcement of contracts, taxation and insolvency laws and this would reflect in future rankings, he said.
Jaitley said Prime Minister Narendra Modi had soon after coming to power in 2014 set a target of breaking into top 50 and it seems probable if improvements are done on time taken to start business, registering property, enforcement of contracts, paying taxes and insolvency laws.
from Times of India https://ift.tt/2yHqa2R
