Cabinet Secretary Ajit Kumar Seth is learnt to have called a meeting of senior Government officials and industry representatives on Friday to finalise measures to ensure that India shows improvement in 'ease of doing business'.
The meeting will deliberate upon measures for improving ease of doing business in the country, sources said. India has been ranked 142 among the 189 countries in the latest report of the World Bank, falling two places from last year's ranking.
The meeting assumes significance as government is aiming to improve India's ranking in the ease of doing business index to 50th position in the next two years.The Commerce and Industry Ministry has already taken several measures and has proposed a series of steps, including drastically reducing the time for registration of business to one day, single registration of all labour laws and cut in number of taxes to improve ease of doing business in India.
The ministry along with other departments is engaged in removing barriers and simplify cumbersome procedures related to approvals and clearance mechanism for business activities.The Department of Industrial Policy and Promotion (DIPP), has identified sectors and specific reforms that are urgently required to substantially improve India's ranking in ease of doing business.