Commerce and Industry Ministry has appointed ICAI and three other institutes, to interact with stakeholders and suggest measures to push India’s ranking in “Ease of doing business” index.
The parameters include- starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
The ICAI would look into the paying taxes parameter. The move would help further push India’s ranking.
As per the latest World bank’s “Doing Business” ranking, India’s position improved by 30 places to 100th. The government wants India to figure within top 50 in the coming years. Improvement in ease of doing business will help attract more investments by ensuring better business climate for investors.