Centre committed to promote competitive federalism: Commerce Minister

 

New Delhi, Sep 5: Arunachal Pradesh has improved its position from 34th in 2018 to 29th in 2019 in the 4th edition of the Business Reform Action Plan (BRAP) ranking of states released here in the national capital on Saturday by Union Minister of Finance and Corporate Affairs Nirmala Sitharaman. 
The rankings which actually reflect the ‘Ease of Doing Business’ factor that is much important in attracting investments by states was started in 2015 and till date three annual releases have been made. The current edition (2019) incorporated 180 reform points covering 12 business regulatory areas such as Access to Information, Single Window System, Labour, Environment, etc. The chief objective of introducing the BRAP ranking was to trigger a healthy competition among states in attracting investments through an increase of the ‘Ease of Doing Business’ quotient. The ranking this time has given full weightage to the feedback from over thirty thousand respondents at the ground level who gave their opinion about the effectiveness of the reforms.
Andhra Pradesh has topped the chart and Gujarat has managed the 10th position. Arunachal has made a gradual improvement over the four years given the fact that it ranked 32nd in 2015. Among Northeast states, Assam has ranked 20th in the chart and Mizoram is 25th, up from 2018’s 30th. It will be interesting to note that besides Arunachal, as many as five states from the Northeast namely Manipur, Meghalaya, Nagaland, Sikkim and Tripura have also ranked 29th in this edition.
Releasing the rankings, the Finance Minister said: “India is seen taking the reform process seriously which showed when foreign direct investment in the country increased even during the Covid-19 pandemic, amid what was called world’s strictest lockdown. Some states have shown extraordinary energy in putting together action plans and making sure that reforms happen. States have embraced the true spirit behind the State Business Reforms Action Plan.” Union Commerce Minister Piyush Goyal said the Centre is committed in promoting cooperative as well as competitive federalism and India is among the very few nations which has state-specific rankings that in turn will help the nation improve its ranking globally. Union Minister Hardeep Singh urged the states to undertake steps to minimize the regulatory burdens by removing renewal of licenses or extending their periodicity, simplifying application forms, introducing risk-based inspections or third-party inspections, digitizing approvals and undertaking measures to rationalize the regulatory regime.
Minister of State in the Ministry of Commerce and Industry, Som Parkash, Chief Ministers of Uttarakhand and Tripura, LGs of J&K and Ladakh, Industry Ministers of states and UTs along with senior officials were also present during the release event. PIB Itanagar

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
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