New online certification system puts exporters in a fix

What is the News? The Ministry of Commerce had launched an online portal to issue Certificate of Origin(CoO) to the exporters from November 1,2021. The portal was launched to facilitate exporters through a secure, electronic, paperless CoO issuance process. However, exporters are facing challenges in registering on to the portal as it requires high-quality digital… Continue reading New online certification system puts exporters in a fix

Explained: The Ease of Doing Business rankings controversy 

Synopsis: Recommendations to improve the ranking methodology employed by now scrapped Ease of Doing Business index report.  Introduction  Few days ago, the executive board of the International Monetary Fund (IMF) backed its Managing Director, Kristalina Georgieva, stating full confidence in her. The purpose was to end the long and increased questioning about Georgieva’s role in manipulating… Continue reading Explained: The Ease of Doing Business rankings controversy 

Lessons from the death of the ease of doing business index

Synopsis: This article explains issues and problems associated with the Ease of Doing Business report, why it gained so much importance, and should we reform the index or bring a new one in its place? Introduction The Ease of Doing Business Index (EoDB) is dead. The flagship product created by the World Bank came under… Continue reading Lessons from the death of the ease of doing business index

Ease of doing business at risk if issue of appointments to tribunals is not resolved

Synopsis: Article discusses the vacancies in the tribunals and how it’s affecting the Insolvency and bankruptcy code’s actual purpose to resolve the debt. Timely appointment will make strict time-bound insolvency resolutions a reality.  Introduction  Recently, Supreme Court questioned the government on vacancies in the National Company Law Tribunals (NCLT), and the National Company Law Appellate Tribunal (NCLAT).  What are the… Continue reading Ease of doing business at risk if issue of appointments to tribunals is not resolved

India needs an ecosystem that’s conducive to MSME expansion

Source: Live Mint Relevance: Issues related to the growth of MSMEs in India Synopsis: We must adapt our policy settings to favor new opportunities for small businesses if we want them to play a big role in job creation. Context With 65% of India’s population below the age of 35, job generation by micro, small… Continue reading India needs an ecosystem that’s conducive to MSME expansion

Uncaging the Indian tiger from attestations and thumb prints

Source: Livemint  Relevance: Significance of digital empowerment of States Synopsis: States must increase the adoption of digital technology to boost the overall ease of doing business. Presently, despite many initiatives by central government, states lag behind implementing digital solutions, resulting in a low ease of doing business. What is e-Rupi? This pre-paid voucher is provided… Continue reading Uncaging the Indian tiger from attestations and thumb prints

Indian promoters likely to give personal guarantee on foreign assets

Source: Business Standard What is the news? In a major shift from its earlier stance, the Reserve Bank of India (RBI) has proposed allowing Indian promoters to issue personal guarantees for overseas firms in which they have acquired a controlling stake, albeit with limits. At the same time, an Indian company can pledge its foreign shareholding… Continue reading Indian promoters likely to give personal guarantee on foreign assets

Centre, states came together to roll out public friendly reforms, says PM

What is the News?  The Prime Minister write up on four reforms brought, as a part of the Atma Nirbhar Bharat package in May 2020 have improved the ease of living for the public, particularly the poor, the vulnerable and the middle class.  Background:  In May 2020, the Centre had announced to increase borrowing limits of states from 3% to 5% of their… Continue reading Centre, states came together to roll out public friendly reforms, says PM

Economic Survey 2019-20:Ease of Doing Business

News:The Economic Survey has dedicated a chapter on the Ease of Doing Business in India. Facts: Key takeaways: In World Bank’s Ease of Business rankings,India has recorded a jump of 14 positions at 63rd rank in 2019 against its rank of 77 in 2018. India’s improved ranking was on the back of reforms such as… Continue reading Economic Survey 2019-20:Ease of Doing Business

Doing Business Report

News:The World Bank has released its doing business report 2020. Facts: About Doing Business Report: Doing Business report measures regulations across the 190 economies in 12 business regulatory areas to assess the business environment in each economy. The ten of these indicators were used to estimate an ease of doing business score this year. The… Continue reading Doing Business Report