Monday, January 9, 2023

According to the finance minister, states must also take responsibilities for business ease

Ease of doing business is states’ responsibility too, says finance minister

 KOTA: On Sunday, Finance Minister Nirmala Sitharaman said that the government is working with state and local governments to make sure that the benefits of EoDB initiatives get to the people. She added that states as well as the Centre are responsible for EoDB.

“The government has the power to enact meaningful regulations, eliminate numerous obstacles, and make it a policy. It can be implemented in Union Territories, for which the government is directly responsible, but state governments are also equally responsible further down the hierarchy, she stated.

Sitharaman spoke to students here and stated that panchayats and municipal areas must also contribute in a similar manner.

The finance minister added that the government is working with various administrative levels to ensure that this ease continues throughout the nation. India ranked 63rd in the "Doing Business" category in the 2019 Ease of Doing Business Report from the World Bank, up from 77th in 2018. Due to data errors in the 2018 and 2020 reports, the World Bank group will stop publishing its "Doing Business" rankings of country business climates in 2021.

Sitharaman stated that the government has taken numerous steps to encourage taxpayers to fulfill their obligation to the nation's development in order to increase tax compliance.

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