Ease of Doing Business List Out: NDA Ruled States Bag Top Spots

Image Courtesy: The Economic Times

BENGALURU: As India plans to modify its economic growth, foreign investments are necessary.   Thus to portray the country as a hotspot for investments, the government along with World Bank brought out a state wise ranking report called ‘Assessment of State Implementation of Business Reforms’.

Complied by the World Bank in association with the Department of Industrial Policy and Promotion (DIPP), KPMG, CII and Ficci, the report had Gujarat in top, reports The Economic Times.

All top five states in the list, are BJP led states namely Jharkhand, Chattisgarh, Madhya Pradesh and Andhra Pradesh ruled by BJP ally TDP.

While Gujarat topped with 71.41percent, Andhra (70.12percent) stands second. Third, fourth and fifth are taken away by Jharkhand(63.09percent), Chattisgarh(62.5percent) and Madhya Pradesh(62percent).

Some hierarchies from finance, accounts and commerce departments of some states reacted to the list.

Additional Chief Secretary in the department of Commerce  and Industries, Karnataka, Ratna Prabha commented, If Jharkhand is in the 3rd place much ahead of Karnataka, then why are investors not going there?  What is the investment flow into Karnataka and the states that have figured ahead of us like Jharkhand? I agree there is scope for improvement with us.”

Eight of the following factors were taken in consideration while preparing the report:

a)       Setting up a business

b)      Allotment of land and obtaining construction permit

c)       Complying with environment procedures

d)      Complying with labour regulations

e)       Obtaining infrastructure related utilities

f)       Registering and complying with tax procedures

g)       Carrying out inspections

h)      Enforcing contracts

“29 States allow VAT to be paid online, and 28 States allow CST to be paid online. 30 States allow e-filing of VAT, 27 States allow e-filing of CST. 21 States have established helplines for users. 25 States have defined timelines for VAT registration, and 21 have defined timelines for CST registration,” according to the report.

READ ALSO: BRICS Countries Call For Closer Trade Ties to Retain Growth
Ahead Of U.S.-India Strategic Dialogue, CII Delegation Gears Up