World Bank EODB reports suspended

A number of data irregularities have been reported in Doing Business 2018 and 2020 reports, published 2017 and 2019. WorldBank is suspending its EDB reports and these were reports where India jumped in the rankings that didn't match ground reality.

I never quite believed these reports as by boosting delhi mumbai rank you cant claim rank improvement. There is no manufacturing in delhi and mumbai but its in Noida Ghaziabad Gurugram Manesar and hence the eodb rankings have to cover them to be realistic. more  

Misra Ji Manufacturing is only one area for generating employment ,but other areas like even shops generate employment, you will get the ideas after visiting Delhi and Mumbai that both cities create more jobs than manufacturing HUB I think the situation is now in India better then even few other Developed Countries. Wait and think positive. more  
Some people have an extremely negative mind set. Does the report say that there is inconsistncy in the data pertaining to India? Let us have slightly more faith in our Government than relying on outsiders to denigrate India. more  
The insolvency and bankruptcy code creates a separate class of professionals from among the accounting professions exclusively for the purpose of insolvency. Where in the world this is the case? In the most attractive economies of the world, a local lawyer is able to handle everything related to bankruptcy at a nominal fees. Then creating special tribunals in major cities of India for adjuciation of insolvency matters is another problematic provision. In all economically attractive nations bankruptcy is handled at the level of the district courts or maximum the high courts with special judges or benches created within these courts for such matters. All this saves cost and time of the parties. So how does the insolvency law improve the ease of doing business in India? Beats me. more  
Reserving the post of company secretary for a member of the Institute of Company Secretaries of India in the Companies Act is something that is unheard of anywhere else in the world. Even in the UK any lawyer or board member having requisite qualification can serve as secretary to the company board. Therefore how does this positively affect the ease of doing business in India? more  
Also, claiming that changes in Indian company laws and insolvency laws will overnight improve ease of doing business was too much of a stretch especially when these changes have increased compliance costs of companies. more  
Post a Comment

Related Posts

    • GST filing

      Still GST system is not 100 % user/official friendly. there are news that so much money (in lacs) collected by fraudulent GST bills. I am a GST registered vendor. The company turn over is almo...

      By Subramanian Venkataraman
    • Taxation Issues faced by Startups: Inputs Sought

      Many of you know how LocalCircles had worked with the Government in 2019 on resolution of angel tax issues under Section 56 (2)(viib) of the Income Tax act. Once again, the Government h...

      By LocalCircles Manager
    • Why no penalty an dprosecution for govt

      Now our IT portal has become sick being suffering babu virus or extortion virus. McA site never works on last days and people have to pay penalties for mistakes of govt. Now professionals are wasti...

    • Income Tax Return Filing Portal

      What about income tax return filing date? Any extension thereof? As of today, I am not able to file the return . Has any one else file the income tax return? Has Portal issue been solved? I have al...

      By Hasmukh Sangani
    • Grass root experience

      I have been doing and promoting small business for the last 30 years. The real problem is that the ministers and their secretaries don't have practical experience and they look for 5 trillion dolla...

    • Why do Ministers refrain from engaging with businesses

      I find it quite interesting that the ministers want to deal only with tata adani ambani and not the real msme and startups. Why is the msme minister (appointed this week Narayan Rane) his secretary...

      By Aditi Mitra
    • Why such mismanagement

      FICCI the industry association has written to Centre saying most of 40000 ventilators manufactured under PM Cares Fund last year are lying unused at government facilities. Mainly due to negligence ...

      By Sudesh Rai
    • Word of caution to Indian small entrepreneurs

      Friends this is Aditya from New Jersey. A friend of mine from Brazil recently lost 3 members of his family back home to Covid. The P1 variant is most dangerous of all and is now invading neighbors ...

      By Aditya Sharma
    • simplifying procedures for easy business

      none of the administrators who are lucky to get into govt seats have practical field experience and they are not aware of the strains of small entrepreneurs. They always imagine that any entrepren...

      By Subramanian Venkataraman
    • Some Traders evading gst

      I agree with the other post. Traders have a strike today against GST. Many traders basically are still selling supplies in cash and then sell the bill later to some other entity for a pr...

      By SN Mittal
    • Traders and their strike

      The traders of India are simply fooling the world and doing a strike on GST. I am sorry to say but 80% of even medium size traders jump on every opportunity to do buisness without receipt with comm...

      By Shikha Chhabra
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)