BHOPAL: The state of Madhya Pradesh has been ranked fifth in the national list of ‘ease of doing business’.  Andhra Pradesh and Telengana have jointly topped the 2016 all-India State/Union Territory-wise Ease of Doing Business rankings. While last-year’s topper Gujarat slipped down to the third position this year.

The World Bank, along with the Centre’s Department of Industrial Policy and Promotion (DIPP) has reviewed and issued the ranking.

The rankings, announced recently by Commerce and Industry Minister Nirmala Sitharaman, are on the basis of 340-point business reform action plan and their implementation by the states in the period of July 1, 2015 to June 30, 2016.

Meanwhile, the World Bank said what it was interesting to witness this year that four of the seven states with lowest income levels in India have found a place in the top ten ranks, while all the seven had an implementation rate of over 75 per cent.

Implementation rate regarding the 340 reform measures the low-income states included Chhattisgarh 97.32 per cent and Madhya Pradesh 97.01 per cent followed by Jharkhand, Rajasthan, Odisha, Uttar Pradesh and Bihar.

The 340 reform areas are broadly under categories including construction permit, environmental and labour registration, obtaining electricity connection, online tax-return filing, inspection reform, access to information and transparency, single window, land availability and commercial dispute resolution. The Centre plans to hold meetings with states to make changes in the reform areas through addition and deletion of certain reform areas.

At least 32 States and Union Territories submitted evidence of implementation of 7,124 reforms to the DIPP. These submissions were reviewed by the World Bank team and validated by the DIPP.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in