Gujarat tops in ease of doing business in India: World Bank Report

Gujarat has been placed to top position in World Bank’s first ever ranking of States on the ease of doing business in India.

The World Bank report titled Assessment of State Implementation of Business Reforms was released in New Delhi under the aegis of the Confederation of Indian Industry (CII).

The inaugural edition of report reflected the ease of doing business in all Indian States at sub-regional level.

Key facts

  • All States were assessed over a six-month period from January to June 2015 on the basis of percentage scores in a 98-point reforms agenda.
  • The Union Department of Industrial Policy and Promotion, CII, Federation of Indian Chambers of Commerce and Industry (FICCI and KPMG were involved in the exercise.
  • Top 5 States: Gujarat (71.14%), Andhra Pradesh (70.12%), Jharkhand (63.09%), Chhattisgarh (62.45%) and Madhya Pradesh (62.00%).
  • Bottom 5 states: Mizoram (6.37%), Jammu and Kashmir (5.93%), Meghalaya (4.38%), Nagaland (3.41%) and Arunachal Pradesh (1.23%).
  • The largest recipients of foreign investments Maharashtra and Tamil Nadu were placed at eighth and twelfth position with less than 50 per cent scores.
  • The focus of the study for assessment was mostly undertaken on eight key important parameters: The setting up of a business, complying with environment procedures, allotment of land and obtaining construction permit, complying with labour regulations, registering and complying with tax procedures, obtaining infrastructure-related utilities, carrying out inspections and enforcing contracts.


NTPC inks agreement to form JV with Jharkhand for Patratu Power Plant

National Thermal Power Corporation (NTPC) Limited has inked an agreement with Jharkhand Bijli Vitran Nigam Limited (JBVNL) to form a joint venture (JV) company for Patratu Power Plant.

The agreement will help optimise utilisation of improve performance, assets and expand capacity of Patratu Thermal Power Station located in Ramgarh district of Jharkhand.

The JV company will have 74 per cent share or stake of state-run NTPC while JBVNL will have the rest 26 per cent stake.

Implications of this JV company: It will work to improve the performance of the existing power stations in Jharkhand in order to gradually provide more power to the state.

It will also help Jharkhand to meet its ambitious target of providing adequate power to farmers and power round-the-clock to households in the state. It will thus play important role in enabling rapid industrialisation in the state in turn providing massive employment to youth of Jharkhand.

It should be noted that NTCP is India’s largest power producer and coal consumer.


Union Cabinet gives nod to revised estimate for East-West freight corridor

Union Cabinet has given to 81,459 crore rupees revised estimate for Eastern and Western Dedicated Freight Corridor (DFC) Project.

Decision in this regard was taken in Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet also has given nod to include land costs and financing plan for this for East-West freight corridor.

The revised cost estimate comprises construction cost of 73,392 crore rupees of the Eastern and Western DFC along with additional land acquisition cost of 8,067 crore rupees.

In this revised estimate, the cost of the 534-km Sonnagar-Dankuni section has been excluded as this section is proposed to be implemented through Public-Private Partnership (PPP) route.

Eastern and Western Dedicated Freight Corridor (DFC) Project on completion will pass through 9 states. They are Maharashtra, Gujarat, Rajasthan, Punjab, Haryana, Uttar Pradesh, Bihar, Jharkhand and West Bengal.

This project will significantly help to reduce transportation cost and benefit mines, powerplants and ports present along its route. It will also help to boost trade and industry.