Ease of Doing Business

Alicia Cross
November 2, 2018

India rose 23 places to 77th in the World Bank's Ease of Doing Business Index for 2019, up from 100th in 2018 and 130th in 2017, when it was ranked lower than Iran and Uganda. "On the measure of absolute progress towards best practice, Pakistan improved score to 55.31, from 52.78 a year ago", it said in a statement.

"The diversity among the top improvers shows that economies of all sizes and income levels, and even those in conflict can advance the business climate for domestic small and medium enterprises".

Malta, in fact, was ranked in the authoritative study as being the 84 easiest place in the world to do business, out of the 190 countries surveyed.

"Since the start of the Duterte administration, government agencies have been hard at work in implementing initiatives to increase the country's competitiveness". In 2016, 2015 and 2014, India had not improved much and was placed at 130, 131 and 134, respectively, in the ranking. India also replaced the value added tax with the Goods and Services Tax (GST) for which the registration process is faster in both Delhi and Mumbai, the two cities measured by the "Doing Business" report.

Marking areas where the country still needs to improve, Mr Jaitley mentioned starting of business, in which the country ranked 137, paying taxes and enforcing of contracts, which he said "remains poor". It also improved building quality control by introducing decennial liability and insurance.

Sensor failure led to Soyuz launch failure, says Roscosmos
Since then, Nasa has paid Russian Federation for seats on its Soyuz rockets to ferry its astronauts to the station. Roscosmos has scheduled a press conference for November 1 to further detail the outcome of its investigation.

Mother reunited with son 31 years after his abduction
Lyneth says she cooked a meal for Jermaine at her hotel and they spent the night talking. "Believe that all things are possible". Mann alongside the driver's licence photo of a man named Hailee DeSouza, and determined that they were likely the same person.

Pipe-bomb suspect had hit list of targets, official says
Yet another suspicious package, addressed to CNN's Atlanta office, was intercepted on Monday, three days after Sayoc's arrest. A suspicious package was reportedly mailed to CNN's office in Atlanta and intercepted on October 29, the network stated.

However, compared to past year, India saw its ranking dip on various other parameters, such as "registering property", "protecting minority investors", "paying taxes" and "resolving insolvency". Among South Asian countries, it is now easiest to do business in India. On the "Trading Among Borders" front, the country moved up 66 positions from #146 to #80.

"Six reforms in Malaysia were measured by Doing Business, resulting in the second highest regional improvement in the ease of doing business score", the World Bank said in the report.

The ease of doing business score captures the gap of each economy from the best regulatory performance observed on each of the indicators across all economies in the Doing Business sample since 2005.

In its section on Malaysia, the report commended the country's efforts towards embracing digital transformation, which it said facilitated easier tax reporting, permit applications, power connections, cross-border trading, and resolution of insolvency issues. It said that the report should have also covered other credit bureaus such as the TransUnion Information Solutions, Inc., and Microfinance Information Data Sharing Inc., which holds the information of 13.7 million debtors.

In Africa, much of the reform activity in the past year focused on improvements in the area of Enforcing Contracts, with the region's 27 reforms accounting for more than half of the reforms recorded in that area globally.

Other reports by Free-Prsite

Discuss This Article

FOLLOW OUR NEWSPAPER