Q. Business Reforms Action Plan (BRAP) has been released by which of the following organization?
Explanation: About the Business Reforms Action Plan (BRAP):
- The Assessment has been released by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry since 2014.
- The aim is to boost investor confidence, foster businessfriendly climate and augment the Ease of Doing Business.
- This is done by introducing an element of healthy competition through a system of assessing States based on their performance in the implementation of the Business Reforms Action Plan.
It includes 301 reform points that cover 15 business regulatory areas such as access to Information, single window system, labour, environment, sectoral reforms and other reforms spanning across the lifecycle of a typical business.
Sectoral reforms have been introduced for the first time in BRAP 2020 wherein 72 reforms were identified across 9 sectors namely: Trade license, Healthcare, Legal metrology, Cinema halls, Hospitality, Fire NOC, Telecom, Movie shooting and Tourism.
The report categorizes States into:
- Top achievers;
- Emerging business ecosystems as against the earlier practice of announcing ranks.
Source: EPIC July 2022