Ease of Doing Business: GK, Current Affairs, Questions, Trivia and News

Spice+ web form

The union ministry of corporate affairs recently notified the SPICe+ web form, to replace the SPICe form. This is aimed at improving the ease of doing business in India. What is SPICe+ web form? The SPICe+ web form stands for Simplified Proforma for Incorporating Company Electronically Plus. It was launched with the view of improving ..

Union Commerce and Industry Minister to chair National Startup Advisory Council

The Union government on Tuesday, 21st January 2020 notified the structure of the National Start-up Advisory Council, which will be chaired by the Union Minister of Commerce and Industry. The Council will advise the Centre on steps to be taken to create a strong environment for start-up companies in India. The committee will have non-official ..

Steps taken to provide Ease of Doing Business in India

The Ministry of Corporate Affairs (MCA) has taken several landmark decisions and initiatives during this year with the objective of providing greater Ease of Doing Business to all stakeholders and to further enhance the efficiency of the processes under the Companies Act of 2013. Some of the steps are: Integrated Incorporation Form- Simplified Proforma for ..

Code on Wages Bill

The Union Cabinet of India has approved the Code on Wages Bill. This bill will subsume existing laws and make the code easier for doing business by various businesses in India. What has happened? The new code will subsume a total of 44 labor laws (with certain amendments) into 4 codes. These 4 codes will ..

ESI Rate Cut

The government has reduced the rate of contribution for medical care under the ESI (Employees State Insurance) Act to 4% from 6.5%. How does ESI work? The medical services being provided by the ESI Scheme in the respective states and Union Territories are regulated by the ESI Corporation. The scheme is operated by the funds ..

Global Economic Prospects 2019

The Global Economic Prospects 2019 released by the World Bank makes the following observations: Global real GDP growth forecast has been reduced to 2.6% for 2019. The estimate was down by 0.3%age points from its previous forecast in January. There could be a marginal increase to 2.7% in 2020. Global economy continues to soften and ..

SEBI Proposes Changes to FPI rules

The HR Khan committee constituted by the Securities and Exchange Board of India (SEBI) has proposed wide-ranging changes to the foreign portfolio investment (FPI) regime. The changes proposed are aimed at boosting capital flows into the country by improving the ease of doing business, especially for large and well-regulated global institutions. Recommendations of the HR ..