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20 States implement ease of doing business reforms

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..... 20 States implement ease of doing business reforms - News and Press Release Dated:- 20-3-2021 - News - 20 States implement ease of doing business reforms Get additional borrowing permission of ₹ 39,521 crore Arunachal Pradesh, Chhattisgarh, Goa, Meghalaya and Tripura are the latest States to complete the reform process The number of States who have successfully completed the Ea .....

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..... se of Doing Business reforms has reached to twenty. Five more States namely, Arunachal Pradesh, Chhattisgarh, Goa, Meghalaya and Tripura have completed the Ease of Doing Business reforms stipulated by the Department of Expenditure. States completing Ease of Doing Business reforms are eligible for addtional borrowing of 0.25 percent of Gross State Domestic Product (GSDP). Accordingly, on rece .....

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..... ipt of recommendations from the Department for Promotion of Industry and Internal Trade (DPIIT), the Department of Expenditure has granted permission to these 20 States to raise additional financial resources of ₹ 39,521 crore through Open Market Borrowings. State wise amount of the additional borrowing permitted to these 20 States is annexed. The ease of doing business is an important in .....

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..... dicator 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: (i .....

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..... ) Completion of first assessment of District Level Business Reform Action Plan (ii) Elimination of the requirements of renewal of registration certificates/approvals/licences obtained by businesses under various Acts. (iii) Implementation of computerized central random inspection system under the Acts wherein allocation of inspectors is done centrally, the same inspector is not assigne .....

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..... d 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 17 th May, 2020 enhanced the borrowing limit of the States by 2 percent of their GSDP. Half of this special di .....

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..... spensation 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. Annexure State wise additional borrowing permitted for completion of Ease of Doing Business Re .....

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..... forms Sl.No. State Amount (Rs in crore) 1. Andhra Pradesh 2,525 2. Arunachal Pradesh 71 3. Assam 934 4. Chhattisgarh 895 .....

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..... 5. Goa 223 6. Gujarat 4,352 7. Haryana 2,146 8. Himachal Pradesh 438 9. Karnataka 4,509 10. Kerala .....

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..... 2,261 11. Madhya Pradesh 2,373 12. Meghalaya 96 13. Odisha 1,429 14. Punjab 1,516 15. Rajasthan 2,731 16. .....