ETV Bharat / business

Kolkata, Bengaluru to be included in World Bank's doing business report

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Published : Oct 23, 2019, 5:51 PM IST

The World Bank will now include Kolkata and Bengaluru, besides Delhi and Mumbai, for preparing ease of doing business report.

Kolkata, Bengaluru to be included in World Bank's doing business report

World Bank

New Delhi: The World Bank will now include Kolkata and Bengaluru, besides Delhi and Mumbai, for preparing ease of doing business report to provide a holistic picture of business environment of the country, an official has said.

"The country of the size of India was not properly represented by just two cities, and now with the inclusion of Kolkata and Bengaluru, Indian ranking in the World Bank's report will present a much better picture," the official said.

The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency.

The official added that the exercise to include these two new cities has already been initiated and would be included in the World Bank's ranking in the years to come.

The annual World Bank's Doing Business 2020 report is expected to be released tomorrow.

Read more:Diwali for BSNL: Government unveils massive revival package

According to the official, India's rank is expected to improve further in the report from the current 77th position.

India improved its ranking on the World Bank's 'ease of doing business' report for the second straight year, jumping 23 places to the 77th position on the back of reforms related to insolvency, taxation and other areas.

India was ranked 100th in the World Bank's Doing Business 2018 report.

In the 2019 report, India had improved its rank on six out of the 10 parameters relating to starting and doing business in a country.

New Zealand topped the list of 190 countries in ease of doing business, followed by Singapore, Denmark, and Hong Kong.

The United States is placed eight and China have been ranked 46th. Neighbouring Pakistan is placed at 136.

Ranking helps in improving parameters which are essential to attract both domestic and foreign investors.

New Delhi: The World Bank will now include Kolkata and Bengaluru, besides Delhi and Mumbai, for preparing ease of doing business report to provide a holistic picture of business environment of the country, an official has said.

"The country of the size of India was not properly represented by just two cities, and now with the inclusion of Kolkata and Bengaluru, Indian ranking in the World Bank's report will present a much better picture," the official said.

The report ranks 190 nations based on ten parameters, which includes ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency.

The official added that the exercise to include these two new cities has already been initiated and would be included in the World Bank's ranking in the years to come.

The annual World Bank's Doing Business 2020 report is expected to be released tomorrow.

Read more:Diwali for BSNL: Government unveils massive revival package

According to the official, India's rank is expected to improve further in the report from the current 77th position.

India improved its ranking on the World Bank's 'ease of doing business' report for the second straight year, jumping 23 places to the 77th position on the back of reforms related to insolvency, taxation and other areas.

India was ranked 100th in the World Bank's Doing Business 2018 report.

In the 2019 report, India had improved its rank on six out of the 10 parameters relating to starting and doing business in a country.

New Zealand topped the list of 190 countries in ease of doing business, followed by Singapore, Denmark, and Hong Kong.

The United States is placed eight and China have been ranked 46th. Neighbouring Pakistan is placed at 136.

Ranking helps in improving parameters which are essential to attract both domestic and foreign investors.

Intro:Body:

New Delhi, Oct 23 (PTI) To provide relief to people of the national capital from high tomato prices, the Centre has asked state-run Mother Dairy to reduce the vegetable's rates by Rs 2-3 per kg from Thursday.

   Presently, the dairy major is selling three varieties of tomato at Rs 30/kg, Rs 40/kg and Rs 55/kg through its 400 retail outlets named Safal.

   Mother Dairy, Kendriya Bhandar and cooperative NCCF were also asked to sell tur dal at Rs 80-85 per kg through their retail outlets.

   These decisions were taken after the review of the prices of key commodities at a high-level meeting, chaired by Consumer Affairs Secretary Avinash K Srivastava.

   "Two-three decisions were taken in the meeting with respect to tomato and pulses," a senior Consumer Affairs Ministry official said.

   In case of tomato, Mother Dairy was directed to reduce the rates of all three varieties by Rs 2-3 per kg from October 24, the official said.

   The official further said the Centre has decided to boost the supply of hybrid variety of tomato in Delhi in the next few days. Hybrids have a longer shelf life and are of better quality.

   It was informed in the meeting that transportation of tomatoes from Andhra Pradesh was not feasible.

   Tomato prices have shot up to Rs 60-80 per kg in the national capital and some other parts of the country due to rains in key growing state of Maharashtra.

   In case of pulses, the official said cooperative Nafed has been asked to provide milled-tur dal at Rs 82 per kg to the Delhi government.

   Besides, tur dal will be sold at Rs 80-85 per kg at 'no-profit no-loss' basis through Safal, Kendriya Bhandar and NCCF outlets in the national capital region, the official said.

   These agencies will sell the buffer stock of pulses created by the government.

   Tur dal rates in the national capital have crossed Rs 100 per kg, though the government data shows Rs 97/kg on Wednesday.

Conclusion:

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