"Surjewala tweeted", "Ease of Doing Business" has become "Cease of Doing Business". On 6 of the 10, it improved its ranking (which means that there are two indicators where other countries have shown more improvement than India). Jailtey mentioned that GST will be factored in the ease of doing business ranking, which will further improve the ranking ahead. FICCI would continue to seek policy measures and bureaucratic reform that would contribute to a sustained improvement in India's rank.
According to the World Bank's latest annual ease of doing business report, India now ranks 100th among 190 countries.
"India is the only large country this year to have achieved such a significant shift". India, which was ranked 142nd when the Narendra Modi government took office in 2014 and 130th past year, is the only country to make such a significant rise.
"Crores of job losses in the informal sector have resulted in a "cease of doing small businesses".
I believe it is possible to take India to the first 50 ranks, as envisioned by PM.
The US moved up two places to sixth, ahead of the United Kingdom but behind Hong Kong and South Korea. India also had the highest score in South Asia for protecting minority investors.
China police foil plot to kill Kim Jong Nam's son
Ri has been largely absent in the public eye in 2017 after allegedly having the despot's third child in February. North Korea has had some success with its space program since Kim Jong-un took over in 2011.
Also, the implementation of Bankruptcy and Insolvency code, 2016 has improved the ranking of India on resolving insolvency parameter from 136 th in 2017 to 103 rd in 2018, he added.
The time to obtain an electricity connection in Delhi has dropped from 138 days four years ago to 45 days, well below the 78-day average in OECD, high-income economies.
Apart from these benchmarks in the Doing Business 2018 report, India has been ranked 164 in Enforcement of Contracts, 181 in Construction Permits, 156 in Starting a Business. The time to enforce a contract takes 1,445 days compared with 1,420 days 15 years ago and while starting a business takes 30 days compared with 127 days 15 years ago, local entrepreneurs still need to go through 12 procedures to start a business in Mumbai, much more than in OECD countries.
"With great responsibility, we would like to say that Arun Jaitley has proved to be the worst FM in India's history".
According to the World Bank, Beijing and Shanghai performed below global best-practices, with 23 steps and 249 days required to obtain a permit and related costs amounting to 7.8% of the cost of actual construction.
"The cut-off date for implementing any reforms for the said study was June 1 while the GST was imposed on July 1", he said, adding that numerous slabs and complex filing requirements has turned GST into a "Gabbar Singh Tax".