India ranked fairly low in ease of doing busines: FM Jaitley

Union Finance Minister Arun Jaitley on Thursday said India is ranked fairly low in ease of doing business. He was speaking at the launch of eBiz portal.

India ranked fairly low in ease of doing busines: FM Jaitley

Zee Business Bureau

New Delhi: Union Finance Minister Arun Jaitley on Thursday said India is ranked fairly low in ease of doing business. He was speaking at the launch of eBiz portal.

The government launched a single window government-to-business (G2B) portal for 11 central government services. The Finance Minister Arun Jaitley made the portal public today.

India scored too many self goals during last few years, Jaitley said.

The services, available on the portal, www.ebiz.gov.in, include those from Corporate Affairs Ministry (MCA), Reserve Bank of India (RBI), Department of Industrial Policy and Promotion (DIPP), Central Board of Direct Taxes (CBDT), Directorate General of Foreign Trade (DGFT) and Employees’ Provident Fund Organisation (EPFO).

Meanwhile, pitching for relaxing "administrative controls" to improve ease of doing business top industry leader Deepak Parekh on Wednesday said that impatience has begun creeping in among businessmen as nothing has changed on ground in first nine months of the Narendra Modi government.

He said the industry is still optimistic about the changes it expects from the Modi government, but optimism is not translating into revenues and there has been little improvement on 'ease of doing business' front so far.

Parekh, who is known as a guiding voice of the Indian industry and has been on a number of key government panels on various policy and reform matters, further said that 'Make in India' can't succeed unless it is made easier for people to do business here and the decisions are fast-tracked.

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