The rankings for both the years are part of a revised methodology adopted by the bank. India improved its position on three counts—starting a business, getting construction permits and accessing electricity—in the latest edition of the Ease of Doing Business Index, but saw its performance worsen with regard to two parameters—accessing credit and paying taxes. Here, though, the assessment in the study that focused on the challenges faced by a business house in obtaining a permanent electricity connection for a newly constructed warehouse, was limited to the city of Mumbai, which has the best electricity distribution utilities operting in the country.
Doing Business is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across economies.
Selections have been modified. Click on "Apply Changes" at any time to refresh the report with the changes made. Otherwise, click on "Cancel" to go back to previous selections. business. Data in Doing Business are current as of June 1, The indicators are used to analyze economic outcomes and identify what reforms have worked, where and why. The methodology for the legal rights of lenders and borrowers, part of the get-ting credit indicators, changed for Doing Business See Data notes for details. World Bank’s Ease of Doing Business Index.
Regulations affecting 11 areas of the life of a business are covered: Sub-Saharan Africa has been the region with the highest number of reforms each year since In the latest report, Ghana has improved its ranking to out of economies up six places from in the Doing Business Report.
First, the Government has made it easier to Deal with Construction Permits by strengthening construction quality control by imposing stricter qualification requirements for professionals in charge of technical inspections.
Second, the Government has made it easier to Pay Taxes, by allowing financial losses to be fully carried forward during any of the following five years of assessment; and third, the Government has made it easier to Trade Across Borders, by implementing a paperless customs clearance processing system.
With Djibouti, which makes it to this list for the second consecutive year, Africa occupies half of the top 10 most improved economies list.World Bank (WB) Ease of Doing Business report issued in.
Sustainable Business provides daily green news from across the world. The World Bank will release its edition of the Ease of Doing Business report today. Finance Minister Arun Jaitley will hold a press conference in the evening to underline how India rose to become a business-friendly nation.
Chile’s “post-filing” index (which reflects the ease of obtaining tax refunds and resolving errors) was recorded as out of in “Doing Business ”. The report also ranks Nigeria among the top 10 most improved economies globally in terms of doing business.
PEBEC’s reforms have included relaxing visa entry rules for foreigners. The World Bank Group’s Global Indicators Group produces the following indicators and datasets. Doing Business Published annually since , it measures the efficiency and strength of laws, regulations and institutions relevant to domestic small and medium-size companies throughout their life cycle.