Page-6 of Ease of Doing Business Current Affairs, GK & News

What is Open General Export Licence issued by Defence Minister?

Defence Minister Rajnath Singh has approved issuance of two Open General Export Licences (OGELs) for export of certain parts and components as well as intra-company transfer of technology to select countries. This decision is expected to give a boost to defence exports and enhance ease of doing business (EDB). Key Highlights of OGEL The OGEL ..

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World Bank’s Ease of Doing Business

India was raked 63rd in World Bank’s Ease of Doing Business ranking released on October 24, 2019. The ranking comes when the leading financing institutions including RBI, World Bank and IMF are slashing country’s growth forecasts. In 2014, India was ranked 142 among 190 countries. As compared to 2018, India moved up 14 places in ..

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CBIC launches programme to strengthen Make in India

Central Board of Indirect Taxes and Customs (CBIC), India’s nodal national agency responsible for administering Central Excise, Service Tax, Customs, GST, & Narcotics has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations. The programme is launched under bond scheme of Customs Act, ..

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India to conduct 1st National Time Release Study for faster movement of Cargo

Department of Revenue, under Union Ministry of Finance, is conducting India’s 1st National Time Release Study (TRS) for enabling faster movement of cargo across borders to benefit traders. TRS is an internationally recognized tool advocated by Brussels based World Customs Organization (WCO) to measure efficiency and effectiveness of international trade flows. National Time Release Study ..

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Cabinet approves signing UN Convention on Mediation

Union Cabinet chaired by Prime Minister Narendra Modi has approved signing of United Nations Convention on International Settlement Agreements (UNISA) resulting from mediation by India. It is scheduled to be signed in Singapore on 7th August, 2019 or at the United Nations. UN Convention on International Settlement Agreement (UNISA) It is also known as Singapore ..

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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 ..

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