As per the recent data by the Department for Promotion of Industry and Internal Trade (DPIIT), four more states have completed the reforms in the ‘Ease of Doing Business’, as stipulated by the Department of Expenditure, Ministry of Finance. The four states are- Assam, Haryana, Himachal Pradesh and Punjab. These states have become eligible to mobilise additional financial resources to the tune of Rs 5,034 crore through open market borrowings.
Now the total number of state that has undertaken the reforms to promote Ease of Doing Business till now has gone up to 12. The other states are Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana.
Reforms of ‘Ease of Doing Business’
- Altogether, these twelve states have been granted additional borrowing permission of Rs 28,183 crore.
- In May 2020, the central government had announced to link grant of additional borrowing permissions to states who undertake the reforms in four citizen-centric sectors to facilitate ease of doing business.
- The four citizen-centric areas for reforms identified were -implementation of one nation one ration card system, ease of doing business reform, urban local body/ utility reforms and power sector reforms.