Ease of doing business Current Affairs - 2019

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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 this significant improvement.

To increase the ease of doing business rankings , it is a pre-requisite for India to give a special focus towards MSMEs to ensure that there is a robust and conducive environment for the sector. The Ministry of Micro, Small and Medium Enterprises (MSME) has introduced various digital initiatives in this regard. Some of them listed below:

Udyog Aadhaar Memorandum

Udyog Aadhaar Memorandum (UAM) is a one-page registration form which constitutes a self-declaration format under which the MSME will self-certify its existence, bank account details, promoter/owner’s Aadhaar details and other minimum information required. There shall be no fee for filing the Udyog Aadhaar Memorandum. Once the UAM is submitted, Udyog Aadhaar Number would be sent through e-mail.

MSME SAMADHAAN Portal

MSME Delayed Payment Portal –  MSME SAMADHAAN has been launched for empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments by Central Ministries, Departments,  CPSEs or State Governments.

MSME SAMBANDH Portal

MSME SAMBANDH Portal has been launched to monitor the implementation of the Public Procurement from MSMEs by Central Public Sector Enterprises (CPSEs). Together with assisting MSMEs for participation process it also helps Ministries and the CPSEs to assess their performance in procurement process as stipulated in Procurement Policy, 2012.

MSME SAMPARK Portal

The MSME Sampark portal is a digital platform, wherein, job seekers (passed out trainees / students of 18 MSME Technology Centers) and recruiters register themselves for getting employment and getting right kind of manpower respectively.

Month: Categories: Business, Economy & Banking

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Asia Competitiveness Institute releases Ease of Doing Business Rankings for Indian states

The Asia competitiveness institute (ACI) has released the Ease of Doing Business Rankings for Indian states.

Rankings of Indian States

Andhra Pradesh has topped the Ease of Doing Business rankings. Maharashtra and Delhi came in second and third place respectively.

Performance of Andhra Pradesh

Andhra Pradesh has jumped from the 7th rank in 2016 to the 3rd rank in 2018 in Attractiveness to Investors and the rankings have been increased from 6th to the 1st position in Business Friendliness.

The ranking of Andhra Pradesh dropped from 2nd to the 4th rank in Competitiveness Policies. Overall the ranking of Andhra Pradesh has increased from 5th rank in 2016 to the top spot in 2018.

Scope for Improvement for Andhra Pradesh

The ACI has highlighted the following areas for improvement for Andhra Pradesh in its report:

  • The report states that Andhra Pradesh needs to bridge numerous institutional and infrastructural gaps in order to sustain its position in the future.
  • There was sufficient room for improvement in subenvironments such as facilitating business operations, infrastructure resilience and market
  • The weakest indicators for the state of Andhra Pradesh were Worker density, foreign direct investment per capital, labour productivity, and the illiteracy rate.

Taking note of the findings of the report the Chief Minister of Andhra Pradesh has announced that the state government will consider the observations of the ACI EDB rankings report and strengthen the areas of weaknesses.

 

Month: Categories: States

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