Ease of doing Business
21/11/2017
Department of Industrial Policy and Promotion (DIPP) of the Union Ministry of Commerce and Industry in partnership with the World Bank Group released the Business Reform Action Plan (BRAP) under Ease of Doing Business initiative for the current financial year for implementation by all the States and Union Territories including Jammu and Kashmir on April 13, 2017 with a total of 372 recommendations. Jammu and Kashmir's Ease of Doing Business ranking has improved significantly during the current year yet non-performance on the part of several key departments particularly Power Development Department is creating obstacles in giving necessary impetus to industries and commerce sector in the State, which otherwise has immense potential to check growing unemployment among the youth. The last date for uploading business reform replies/proof was November 7, 2017 and J&K has successfully implemented 270 recommendations and uploaded 262 replies out of total 372 recommendations, sources said while disclosing that as per the dynamic ranking by the Department of Industrial Policy and Promotion (DIPP) J&K stands at 22nd rank with 12.71 points as on date. Describing this as a significant jump in Ease of Doing Business ranking, they said that during last financial year J&K was ranked 31st in the final ranking by the DIPP, which in partnership with the World Bank Ground had proposed 340 point recommendations spread across 10 reform areas in Business Reforms Action Plan 2016.
As per the department-wise data, Industries and Commerce Department was assigned a total of 58 reform action points and it has succeeded in implementing all the points. Similarly, Commercial Taxes Department has implemented all the 20 points. However, the Power Development Department whose cooperation is imperative to achieve the objectives behind the Ease of Doing Business initiative, has implemented only one point as against 18 points assigned to it thereby establishing non-seriousness on the part of those at the helm of affairs in this department. The DIPP has taken up a series of measures to simplify and rationalize the regulatory processes (registration and inspection processes) and introduction of information technology as enabler to make governance more efficient and effective.
Share This Story |
|
Comment On This Story |
|
|
|
|