Ease of do­ing busi­ness: Govt aims a slot in top 50 in next rank­ing

Financial Chronicle - - PLAN, POLICY -

IN­DIA im­proved its rank­ing in ease of do­ing busi­ness—jump­ing 23 spots in a year—but the gov­ern­ment is not sa­ti­ated as yet. It is aim­ing high and has started work­ing hard to­wards find­ing a place among top 50 global list.

The cen­tral board of indi­rect taxes and cus­toms (CBIC) has asked its of­fi­cers to re­duce com­pli­ance bur­den for the in­dus­try and step up out­reach pro­gramme for the mi­cro, small and medium en­ter­prises (MSME) sec­tor. Not­ing that CBIC’s sus­tained com­mit­ment and ef­forts to­wards trade fa­cil­i­ta­tion has helped In­dia take the huge leap from 146th rank to 80th rank in trad­ing across borders, the board chief has urged all the staff to work to­wards fur­ther im­prov­ing the rank­ing.

"I would urge all of you to par­tic­i­pate with re­newed zeal in this trans­for­ma­tive ex­er­cise to en­able the coun­try reach the top 50," CBIC chief S Ramesh has said in a com­mu­ni­ca­tion to the em­ploy­ees.

The World Bank’s lat­est re­port on ‘Ease of do­ing busi­ness’ saw In­dia jump­ing 23 notches to reach 77th po­si­tion out of 190 coun­tries. As per the sur­vey re­leased last month, In­dia has made a sig­nif­i­cant im­prove­ment of 53 places in the last two years. In­dia fig­ures among top 10 im­provers in the cur­rent year's ease of do­ing busi­ness sur­vey. In the mean­time, the CBIC boss has di­rected the no­dal of­fi­cers to ex­pe­di­tiously re­solve the is­sues raised by small firms.

"All no­dal of­fi­cers of CBIC have al­ready reached out to this sec­tor across 80 MSME clus­ter lo­ca­tions in In­dia to pro­vide a con­ducive en­vi­ron­ment for their growth. I am con­fi­dent that all our zonal chief com­mis­sion­ers shall take this op­por­tu­nity to scale up the fa­cil­i­ta­tion mea­sures for the ben­e­fit of the MSME sec­tor," Ramesh wrote on Novem­ber 2.

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