The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the MoU between India and United Kingdom (UK) to support Ease of Doing Business in India. The MoU was signed earlier this month.\u00a0The MoU shall enable exchange of officials from both the Governments to facilitate sharing of best practises, offering technical assistance and enhanced implementation of reforms. The collaboration shall also cover State Governments in its ambit. The UK government has shown interest to offer expertise in the following areas:<\/p>\n
a) \u00a0 Support to small businesses and start ups<\/p>\n
b)\u00a0\u00a0 Starting business and registration<\/p>\n
c)\u00a0\u00a0 Paying taxes and tax administration<\/p>\n
d)\u00a0\u00a0 Insolvency<\/p>\n
e)\u00a0\u00a0 Construction permits<\/p>\n
f) \u00a0 Getting electricity<\/p>\n
g)\u00a0\u00a0 Risk based framework for inspection and regulatory regimes<\/p>\n
h)\u00a0\u00a0 Trading across the borders<\/p>\n
i)\u00a0\u00a0 Competition economics<\/p>\n
j] \u00a0 Getting credit<\/p>\n
k) \u00a0Drafting of laws and regulations<\/p>\n
I) \u00a0Reducing stock and flow of regulation<\/p>\n
m) Impact assessment of regulations<\/p>\n
Currently, India is ranked 130th out of 190 economies (as per Doing Business Report, 2017). The UK Government has achieved phenomenal improvement in Ease of Doing Business (EoDB) rankings in recent years. The beneficiaries include the officials from Central Government Ministries \/ Departments and State Governments through sharing of best practises, capacity building etc. Each side shall bear the cost of travel and logistics for its officials as well as for co-hosting trainings\/ seminar\/conferences.<\/p>\n
The MoU shall facilitate various agencies of the UK government to offer professional courses on better regulation drafting for officials, capacity-building of frontline inspectors, sharing of best practises, etc. The collaboration is expected to expedite adoption of innovative practises by the Government of India, State Governments and their agencies leading to easing of regulatory environment in the country and fostering of conducive business climate in India.<\/p>\n
Cabinet<\/p>\n","protected":false},"excerpt":{"rendered":"
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the MoU between India <\/p>\n","protected":false},"author":91,"featured_media":28141,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,8],"tags":[],"class_list":["post-91151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-treaties_conventions_internationalagreements"],"yoast_head":"\n