Business Reforms in India

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2013:

Positive Dealing with Construction Permits:

India reduced the time required to obtain a building permit by establishing strict time limits for preconstruction approvals.


DB2012:

Positive Paying Taxes:

India eased the administrative burden of paying taxes for firms by introducing mandatory electronic filing and payment for value added tax.


DB2011:

Positive Starting a Business:

India eased business start-up by establishing an online VAT registration system and replacing the physical stamp previously required with an online version.


Positive Paying Taxes:

India reduced the administrative burden of paying taxes by abolishing the fringe benefit tax and improving electronic payment.


DB2010:

Positive Resolving Insolvency:

India has eased the process of closing a business by making processes more effective thus reducing time needed.


DB2009:

Positive Trading Across Borders:

Implementation of EDI reduced the export time.


DB2008:

Positive Getting Credit:

An electronic registry was introduced that covers the rights granted by companies. The registry can be searched by name of debtor, and is linked geographically to cover the whole country. The private credit bureau has incorporated firms to its database and now provides credit information on corporate entities. A unified collateral registry which is centralized geographically became operational in India strengthening access to credit and the secured transaction regime.


Positive Trading Across Borders:

India eased trade by introducing ICEGATE -- an EDI system that enabled to lodge customs declarations via the internet, facilitated operation of a Risk Management system (RMS), an E-manifest system which allows shipping lines to send in advance their cargo manifest, and an E-payment system. Further, electronic systems have also been introduced at some of India’s major ports.


Reform Summaries


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