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Ease of doing biz: AP, Telangana top 2016’s ranking; Gujarat slips to 3rd spot

These are mainly single window clearance, tax reforms, labour and environment reforms, dispute resolution and construction permit.
AP, Telangana

Breaking the 2015’s index record, Andhra Pradesh and Telangana have jointly topped the ease of doing business ranking for the year 2016 . 2015’s top Gujarat has¬†slipped to the third position in the list prepared by the World Bank and DIPP.

According to media report, Chhattisgarh, Madhya Pradesh and Haryana have clinched the fourth, fifth and sixth slots, respectively in the index based on degree of implementation of DIPP’s 340-point Business Reform Action Plan.

The report added that the Action Plan includes reforms on 58 regulatory processes, policies, practices, or procedures spread across 10 reform areas spanning the lifecycle of a typical business.

These are mainly single window clearance, tax reforms, labour and environment reforms, dispute resolution and construction permit.

Gujarat had featured at the top in 2015 Index, while this year’s top Andhra Pradesh and Telangana securing the second and 13th spot respectively.

According to the latest 2016 Index, those in the list of top 10 states in India providing a better climate for businesses include Jharkhand (7th), Rajasthan (8th), Uttarakhand (9th) and Maharashtra (10th).

The new index shows that major states occupied these spots: Odisha in 11th slot, followed by Punjab, Karnataka, Uttar Pradesh, West Bengal and Bihar, Himachal Pradesh, Tamil Nadu and national capital, Delhi.

These rankings of these states ¬†were provided in the report titled ‘Assessment of State Implementation of Business Reforms 2016’ which was prepared by World Bank in association with the Department of Industrial Policy and Promotion (DIPP).

The exercise is aimed at promoting competition among states with a view to improve business climate to attract domestic as well as foreign investments.

India’s place remained unchanged from last year’s original ranking of 130 among the 190 economies that were assessed on various parameters, according to the World Bank’s latest ‘Doing Business’ report. But the last year’s ranking has been revised to 131 from which the country has improved its place by one spot.

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