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Aiming to be among top 30 in ‘ease of doing business’: Jayant Sinha

News:

  • India is ranked at the 142nd position among 189 nations in World Bank’s Ease of Doing Business 2015 report.
  • The Finance Minister, Jayant Sinha said that the government is taking various initiatives, including e-biz portal, Goods and Services Tax, mobile platform for setting up business, and is working with states to improve ease of doing business.
  • The Minister said, India is a USD 2 trillion economy and he also underlined the need for developing domestic venture capital industry to fund innovations, which are of relevance to the developing world.
  • Initiatives like ‘Skill India’, ‘Make In India’ and ‘Mudra Bank’ are building blocks of the economy, Sinha said.

Source: ET

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