World Bank's ease of doing business ranking: Will focus on four areas to ensure further improvement says DIPP secretary
Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said reform measures taken by the government has helped improve the country's rank significantly but there is a need to work more on these areas.
"We are easing regulations for startups. We are also working with the tax department and regulators, and we have been able to simplify 24 regulations so far," DIPP Secretary Ramesh Abhishek said
DIPP secretary Ramesh Abhishek says govt won't allow 49% FDI in e-retail of limited inventory Indian goods
India has reportedly attracted $230 billion in FDI in the last four years and the ‘Invest India’ campaign is facilitating foreign investments worth $90 billion.
Ease of doing business: Govt to implement 200 reforms to push India into top 50 in World Bank ranking
India yesterday jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution
Tax related (benefits) will have to come only through the budget, the Minister said, adding that suggestions with regard to exempting startups from MAT (minimum alternate tax) have also been forwarded.
Life Insurance Corporation of India and other pension funds "must step in" to fund start-ups, Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said today.
India may this year surpass China in attracting foreign direct investment, in terms of percentage of its GDP, as the gap in inflows between the two has been narrowing on the back of ongoing reforms in the country, says a Nomura report.
Foreign Direct Investment into India touched the "highest ever" mark of USD 51 billion during the April-February period of last fiscal ended March 31, DIPP Secretary Ramesh Abhishek said today.