He lauded the government's 'minimum government and maximum governance' policy.
In a bid to make primary markets more efficient, the Securities and Exchange Board of India on Saturday said listing time gap would be reduced further from 6 days after the IPO currently, while listing will be allowed for security receipts issued by asset reconstruction company.
Entrepreneurs would be able to apply online for 26 services.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
'After the NRC in Assam, things have changed for Muslims in India.'
It takes nearly four years on an average to resolve a commercial dispute in India, making the country the world's third worst place on this front.
The prime minister was speaking at an event to mark golden jubilee of the Aditya Birla Group's presence in Thailand.
Piyush Goyal's comments about Amazon founder Jeff Bezos's investment in India reveals an inability to understand how businesses function, says Kanika Datta.
A key government official involved in initiatives to make doing business in the country easier said improving the ranking to 50th in a year was not possible but the country could certainly do that over two years.
Govt to bring 'Bankruptcy Code' for ease of doing biz
'It will be a competitive market more than ever due to the layoffs that have happened.'
The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.
Mahadeshwar, however, rejected the charge that he intimidated the officer, and claimed he only wanted to know from him how a few stalls doing business since the last 40-50 years suddenly became illegal.
Tuesday's meeting at the PM's residence, attended by all the five secretaries in the finance ministry besides top officials of other economic ministries and NITI Aayog, cleared a five-year vision plan for the government to make India a $5-trillion economy by 2024.
India needs to become globally competitive from infrastructure to taxation.
Also, a dedicated cell, headed by a member of the Central Board for Direct Taxes (CBDT), will be set up to address concerns faced by start-ups.
Speaking at the first Khan Abdul Gaffar Khan Memorial Lecture at Jamia Millia Islamia University, Amitabh Kant said, "The eastern part of India, particularly states like Bihar, UP, Chhattisgarh, Madhya Pradesh and Rajasthan, is keeping India backward, especially on social indicators. While we have improved on ease of doing business, we have remained backward on human development index. We are still 131 out of 188 countries in HDI."
An interplay of Modi government's outreach in Bihar and the sequence of events in Chirag Paswan's life could make Bihar a game of musical chairs when the results are out.
'The expectation was that Modi would become even bolder in his approach, and after only four months into his second term, we are starting to see evidence of this.'
There are multiple laws dealing with insolvency in India, which lead to delays.
In India, manufacturing has failed to take off.
The strong client metrics, industry leading growth in digital services, a very strong order book and deal pipeline are validations that customers recognise TCS' differentiated capabilities, chief executive officer and managing director Rajesh Gopinathan said.
The number one way the Modi administration can demonstrate its commitment to the success of the Atal Innovation Mission, Accelerating Growth for New India's Innovations, Make in India, Digital India, and Startup India is to strengthen its IP framework in ways that promote the legal and regulatory certainty necessary for greater R&D investment, high-value jobs, and greater innovative and creative outputs, the report said.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
Confidence had ebbed in the last few years due to default by some errant domestic retailers and exporters. Moreover, many jewellers are believed to have diverted the fund collected through monthly deposit schemes to pay 'mark-to-market' margins on various loans.
Nasscom president said moving from single to multiple points could be a challenge from the point of view of ease of doing business
India needs administrative reforms that make it easy for investors to do business in the country. Currently, it is more difficult to do business in India than in Rwanda, Pakistan, Nepal, Kenya, Nigeria and Bangladesh.
Investors must be prepared to believe that things will get better eventually, no matter how bad the current situation may look. If you don't possess this optimism, you will not possess the courage to invest and if you don't invest, you don't give yourself any chance to get wealthy, says Devangshu Datta.
Iconic dialogues from Bollywood movies like Sunny Deol's Damini, have found its place in the Economic Survey 2018.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
Any NGO critical of the government is unlikely to receive a green signal. The new amendment will leave NGOs vulnerable to harassment. It was the NGO sector that helped provide compassion and food to millions of people during the lockdown. The new Bill will render such cooperation and camaraderie impossible in future, observes Rashme Sehgal.
Cos can apply for PAN card number online through e-Biz portal.
Take a look at the 25 best countries for doing business.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
Despite being election year, Indian ultra HNIs are more optimistic of the country's growth journey and expect wealth to increase in the year 2019.
Aavas is turning heads in the country's mortgage financing space because it selected to do business in a different way, says Mudar Patherya.
The government on Wednesday cleared two ordinances for speedy settlement of commercial disputes in the country, giving a fresh impetus to ease of doing business.
According to Nasscom, India must make its R&D significantly more robust to realise the 'Make in India' dream
The 2015 World Bank group's Doing Business index ranked India at 142, down from 140, which it was the year before.
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