Himachal Newsline
Sunday, September 24, 2023
No Result
View All Result
  • Home
  • Himachal Pradesh News
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Social Work
    • Religion
Himachal Newsline
No Result
View All Result

Rajasthan becomes 6th State to complete ease of doing business reforms

Himachal Newsline Desk by Himachal Newsline Desk
December 26, 2020
in Business, State News
0 0
0
Share on FacebookShare on Twitter
Rajasthan becomes 6th State to complete ease of doing business reforms ; Additional borrowing permission of Rs. 2,731 crore issued
Additional borrowing permission of Rs.19,459 crore granted so far to 6 States for ease of doing business reforms

New Delhi : Rajasthan has become the 6th State in the country to successfully undertake “Ease of Doing Business” reform stipulated by the Department of Expenditure, Ministry of Finance. Thus, the State has become eligible to mobilise additional financial resources of Rs. 2,731 crore through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure on 24th December, 2020. Rajasthan has now joined the five other States namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, who have achieved this feat. On completion of reforms facilitating ease of doing business, these six States have been granted additional borrowing permission of Rs.19,459 crore.


The ease of doing business is an important indicator of the investment friendly business climate in the country. Improvements in the ease of doing business will enable faster future growth of the state economy. Therefore, the Government of India had in May 2020, decided to link grant of additional borrowing permissions to States who undertake the reforms to facilitate ease of doing business. The reforms stipulated in this category are:
1) Completion of first assessment of ‘District Level Business Reform Action Plan’
2) Elimination of the requirements of renewal of registration certificates/approvals/licences obtained by businesses under various Acts.
3) Implementation of computerized central random inspection system under the Acts wherein allocation of inspectors is done centrally, the same inspector is not assigned to the same unit in subsequent years, prior inspection notice is provided to the business owner, and inspection report is uploaded within 48 hours of inspection.
In view of the resource requirement to meet the challenges posed by the COVID-19 pandemic, the Government of India had on 17th May, 2020 enhanced the borrowing limit of the States by 2 percent of their GSDP. Half of this special dispensation was linked to undertaking citizen centric reforms by the States. The four citizen centric areas for reforms identified were (a) Implementation of One Nation One Ration Card System, (b) Ease of doing business reform, (c) Urban Local body/ utility reforms and (d) Power Sector reforms.
So far 10 States have implemented the One Nation One Ration Card System, 6 States have done ease of doing business reforms, and 2 States have done local body reforms. Total additional borrowing permission issued so far to the States who have done the refoms stands at Rs.¬¬¬50,253 crore.
-PIB

RelatedPosts

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

September 22, 2023
The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs

The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs

September 21, 2023
Tags: business reformsRajasthan
Previous Post

Vice President lauds Indian scientists for work on COVID 19 vaccine

Next Post

Skill Ministry and Tata launch first batch of Indian Institute of Skills

Himachal Newsline Desk

Himachal Newsline Desk

Related Posts

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award
Business

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

September 22, 2023
The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs
Business

The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs

September 21, 2023
Unwrapping Dreams: The Journey of Fusion Gifts and its Founder Piyush Goyal
Business

Unwrapping Dreams: The Journey of Fusion Gifts and its Founder Piyush Goyal

September 19, 2023
Happy Cow Dairy Introduces Moowing Mozzarella Cheese: Elevating Home Pizza Nights to Restaurant Perfection
Business

Happy Cow Dairy Introduces Moowing Mozzarella Cheese: Elevating Home Pizza Nights to Restaurant Perfection

September 18, 2023
The LaLiT New Delhi Hosts Heads of States from Japan and Canada during the G20 Summit
Business

The LaLiT New Delhi Hosts Heads of States from Japan and Canada during the G20 Summit

September 16, 2023
Introducing Gres Bond by Kajaria – Elevating Your Tile Experience
Business

Introducing Gres Bond by Kajaria – Elevating Your Tile Experience

September 15, 2023
Next Post

Skill Ministry and Tata launch first batch of Indian Institute of Skills

Central Government gears up for roll out of COVID19 Vaccine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • M Plus Beats Unveils ‘Koi Apna Nahi Hota’ – The Heartbreak Anthem of the Season September 23, 2023
  • World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award September 22, 2023
  • The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs September 21, 2023
  • Unwrapping Dreams: The Journey of Fusion Gifts and its Founder Piyush Goyal September 19, 2023
  • Happy Cow Dairy Introduces Moowing Mozzarella Cheese: Elevating Home Pizza Nights to Restaurant Perfection September 18, 2023

Categories

  • Agriculture (11)
  • App News (13)
  • Astrology (4)
  • Auto (16)
  • Business (495)
  • Education (116)
  • Entertainment (167)
  • Fashion & Beauty (34)
  • Finance/Money (26)
  • Food (18)
  • Himachal Pradesh News (2)
  • India (2)
  • Lifestyle (469)
    • Health & Fitness (179)
    • Photography (5)
    • Travel (26)
  • National (121)
  • Politics (3)
  • Press Release (18)
  • Religion (9)
  • Science (94)
  • Social Work (39)
  • Sports (45)
  • State News (71)
  • Tech (64)
  • World (14)

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • Himachal Pradesh News
  • India
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World

Recent News

  • M Plus Beats Unveils ‘Koi Apna Nahi Hota’ – The Heartbreak Anthem of the Season
  • World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award
  • The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs
  • Unwrapping Dreams: The Journey of Fusion Gifts and its Founder Piyush Goyal
  • Happy Cow Dairy Introduces Moowing Mozzarella Cheese: Elevating Home Pizza Nights to Restaurant Perfection
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 Himachal Newsline

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Himachal Newsline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In