Ease of doing business Current Affairs - 2020

Ministry of Finance launches Business Reforms Action Plan ranking of states

On September 5, 2020, Union Minister of Finance and Corporate Affairs launched the fourth edition of Business Reforms Action Plan ranking of states. Key Highlights of the ranking The rankings are being launched since 2015. The Business Reform Action Plan 2018-19 includes 180 reform points that covers business regulatory areas such as Single Window System, Read More…

412 Infrastructure Projects hit by Cost Over run of Rs 4.11 lakh crores

On August 23, 2020, the Ministry of Statistics and Programme Implementation announced that around 412 infrastructure projects each of worth Rs 150 crores have been hit with cost over run of Rs 4.11 lakh crores. Highlights The original cost of implementation of these projects were Rs 20,65,336. Their completion cost is anticipated as Rs 24,77,167 Read More…

PM Modi reviews Multi-Modal Connectivity of Economic Zones Project

On August 17, 2020, Prime Minister Narendra Modi chaired a meeting to review preparations for National Master plan on Multi-modal Connectivity of Economic Zones Project. This will boost infrastructure, productivity, economic progress and opportunity for youngsters. Special Economic Zones A Special Economic Zone is a territory within national borders. The SEZs are created to promote Read More…

Andhra Pradesh State Industrial Development Policy 2020-23

The Andhra Pradesh Government has launched a new State Industrial Development Policy for the year 2020-23. The policy aimed to create employment for youth and match national average in industrial GVA per capita. The previous Industrial Development Policy of the state was implemented between 2015-20 Highlights The policy was unveiled by the State Industries Minister Read More…

Centralized System of Stamp Duty collection comes into effect from 1st July 2020

Through Finance Act 2019, amendments were brought to the Indian Stamp Act, 1899. The amendments made comes into effect from 1st July 2020 onwards. These amendments were made for building a pan-India securities market and to boost Ease of Doing Business. About the Amendments For building a pan-India securities market, a centralized system of stamp Read More…