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Scaling Up in Ease of Doing Business Rankings

India has successively scaled greater heights in the World Bank’s Ease of Doing Business ranking jumping from 142 in the year 2014 to 63 in the year 2019. As per the latest report, we are one of the top 10 improvers in the world. Under the leadership of PM Modi, the journey of India is moving closer to the global best practices. Here, we take a look at some of the transformative reforms by the Modi government that impact EoDB.
May 29, 2020

PM Modi’s Aspirational Call for 5 Trillion Dollar Economy in 5 Years

Prime Minister Narendra Modi after beginning his second term as the prime minister of India gave a clarion call for India to achieve the target of a 5 trillion-dollar economy by 2024. He called the target as challenging but achievable.
May 29, 2020

Creating a Conducive Business Environment – Modi 2.0’s Mantra

In its second term, the Narendra Modi government has left no stone unturned in creating a stable, progressive and supportive business environment to work on. Continuing from its legacy of the previous term, the government has continued to tackle the complex domain of legalities with a sense of composure that has been the hallmark of the Prime Minister and his government. When the government in its second term presented Budget 2019, a roadmap was identified towards continued simplification of procedures and red-tape reduction. NaMo 2.0 identifies the fact that a progressive, trustworthy business environment is possible only with continued efforts towards simplification and responding to the requirements as they arise, something it has demonstrated repeatedly.
May 27, 2020

Modi 2.0 Means Business–Working With Transparency, Fostering Relations With India Inc

Tax disputes in India have been on for decades on a stretch, driven by a maze of complex laws, myriad interpretations of rulings and a range of high tax rates that only led to encouraging tax evasion in India. When the Modi government first came to power in 2014, it had inherited a maze that was nearly unnavigable, and the difficulty of the task in front of it would have scared any other person. However, taking one step at a time, the government worked hard to dismantle the complexities and simplify the regime, enabling a clean and honest business environment.
May 27, 2020

India Competitive Tax Regime and Transparent Regulatory Framework - a Signal of Intent

Modi 2.0 has completed one year, and while several notable initiatives have been announced, the one that perhaps captured public imagination like never was the announcement made on 20 September 2019, barely six months into the second term. Through this Finance Ministry announcement, the message was loud and clear – India has opened shop for business on the global market.
May 27, 2020