Ease of doing business Current Affairs - 2019

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India to conduct 1st National Time Release Study for faster movement of Cargo

Department of Revenue, under Union Ministry of Finance, is conducting India’s 1st National Time Release Study (TRS) for enabling faster movement of cargo across borders to benefit traders. TRS is an internationally recognized tool advocated by Brussels based World Customs Organization (WCO) to measure efficiency and effectiveness of international trade flows. National Time Release Study Read More…

Month:  Categories: Business, Economy & Banking

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Cabinet approves signing UN Convention on Mediation

Union Cabinet chaired by Prime Minister Narendra Modi has approved signing of United Nations Convention on International Settlement Agreements (UNISA) resulting from mediation by India. It is scheduled to be signed in Singapore on 7th August, 2019 or at the United Nations. UN Convention on International Settlement Agreement (UNISA) It is also known as Singapore Read More…

Month:  Categories: International

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Govt relaxes norms for Start-ups

The government has relaxed the norms under the definition of Start-Ups. The changes brought in are: The investment limit of angel investors to seek exemption under the Income Tax Act, 1961 has been increased to Rs 25 crore from 10 Crore. An entity shall be considered a start-up up to 10 years from its date of Read More…

Month:  Categories: Business, Economy & BankingUPSC

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How JNPT surged into top 30 of Lloyds Report?

India’s premier container port Jawaharlal Nehru Port Trust (JNPT) has become India’s only port to get listed among the top 30 global container ports in Top 100 Container Ports report. JNPT has notched up five spots, to be 28th on the list, compared to its previous ranking. What made this jump possible? The Union Ministry of Shipping has Read More…

Month:  Categories: Reports & Indices

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Vibrant Gujarat Global Summit 2019

Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit. On the occasion, the Prime Minister also set the target for breaching into top 50 rankings of the ease of doing business. The three-day Vibrant Gujarat Summit will witness the participation of the heads of five countries Uzbekistan, Rwanda, Denmark, Czech Republic and Malta – and Read More…

Month:  Categories: States

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Government promulgates Companies (Amendment) Ordinance, 2019

The government has re-promulgated the Companies (Amendment) Ordinance, 2019 to amend the Companies Act 2013. Even though the Companies (Amendment) Bill, 2018 for this effect was passed in Lok Sabha, it was pending before Rajya Sabha. The ordinance was first issued in November and would have ceased to be operational from January 21. Hence the Read More…

Month:  Categories: Constitution & LawUPSC

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Digital Initiatives for to promote the Ease of Doing Business of MSMEs

In the World Bank’s Doing Business (DB) rankings for 2019, India has climbed 23 spots to rank 77th globally. India has witnessed a substantial jump in the rankings for the second consecutive year. In the year 2018 India had jumped 30 places. The various digital interventions have been a great contributing factor for India in making Read More…

Month:  Categories: Business, Economy & Banking

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