Search Result for : Ease Of Doing Business

The Dollar Business Bureau Maersk Line India, the global containerised division of Maersk Group, announced on Monday that it is introducing export and import service offerings at Kakinada Port in Andhra Pradesh. “This end-to-end service (store door) will enable customers in the region to reach global touch points,” the company said in a statement. With this first time offering in Kakinada, Maersk Line will be able to containerise cargo at its origin, cut out wastage and complexities of dealing with multiple vendors and help move it to port in a cost-effective manner, the statement said. “This will have a direct bearing on rice farmers and growers in the region that would benefit from the ease that it brings and makes customers compete successfully in ...

Aamir H Kaki Industry players have welcomed and appreciated the Union Budget 2018-19 and called it a balancing act aimed at inclusive growth for boosting the country’s economy. Focused on strengthening agriculture, rural economy, infrastructure, MSME and exports, the Budget for fiscal 2018-19 was presented by Finance Minister Arun Jaitley on Thursday. Welcoming the Budget, Federation of Indian Export Organisation (FIEO) said that it’s a balanced Budget for the country aiming at inclusive growth and transforming rural India.  FIEO President Ganesh Kumar Gupta said that the target to take agri-exports from $30 billion to $100 billion is very encouraging as agri-exports would be instrumental in doubling farmers’ income. A stable Agri Export Policy based on digitalised current stock position, scientific forecasting of ...

Ahmad Shariq Khan Apart from doing justice to its given mandate of earning precious foreign exchange for the country, the units in SEZs and the EOUs are playing a critical role not just in economic development of the country but also in nation building, and with a little push the sector can do wonders for the country’s economy, said Vinay Sharma, Acting Chairman, Export Promotion Council for EOUs and SEZs (EPCES). According to Sharma, unlike many Govt projects that have so far made not much progress including the recently announced manufacturing hubs that have long gestation periods and the coastal manufacturing hubs that are yet to see the light of the day, SEZs offer ease of doing business (EODB) in the true ...

By Ahmad Shariq Khan Hyderabad has been chosen to be the venue for the Global Entrepreneurship Summit 2017 (28-30 November) at a time when US-India entrepreneurial bonds have been growing stronger. This is the first time that the GES will be hosted in South Asia, and the event is aimed at highlighting India’s rapidly evolving environment for innovation and entrepreneurship. In a run up to the marquee event, The Dollar Business spoke to Katherine B. Hadda, the US Consul General in Hyderabad on a wide range of topics – from the GES 2017 to strengthening Indo-US ties. TDB: How would you define current status of US-India ties? Katherine B. Hadda (KBH): During his recent visit to New Delhi, US Secretary of State Rex Tillerson described ...

The Dollar Business Bureau Prime Minister Narendra Modi said on Monday that most of the sectors of Indian economy are now open for foreign investment and out of that over 90% are on automatic approval route. “Most of the sectors of our economy are now open for FDI. More than 90% FDI sectors are on automatic approval route,” Modi said at the ASEAN Business & Investment Summit in Manila (Philippines). “India has emerged as a front-runner in attracting FDI. Compared to last three years, we have received 67% more FDI in this year. Now, we are a globally integrated economy,” he added. Prime Minister informed that India has taken several measures and reforms to improve ease of doing business such as simplified industrial licensing, ...

The Dollar Business Bureau India ranked 100th in 'ease of doing business', according to the World Bank's Doing Business Report 2018, jumping 30 places from its position last year. This is the first time that India has entered into top 100 countries. The Doing Business Report is an assessment by World Bank of 190 nations on 10 indicators which covers the lifecycle of a business. India’s rank has been improved in 6 of the 10 indicators and it has moved nearer to the international best practices.  “It is one of the top 10 improvers in this year's assessment, having implemented reforms in 8 out of 10 'doing business' indicators,” the World Bank said. India, which was ranked 130th last year, is the only ...

The Dollar Business Bureau Indian Prime Minister Narendra Modi on Monday told the leaders of BRICS bloc that India is fast becoming one of the world’s most open economies, with improvement on global business indexes and the largest ever tax reform of GST that weaved the country into one combined market. The initiatives taken by the Government for promoting the use of digital mode for transactions and payments, to boost domestic manufacturing and schemes to encourage start-ups for setting up businesses are transforming the economic landscape of India, he said while addressing the BRICS Business Council in Xiamen, China. “India is changing fast into one of the most open economies in the world today. Foreign direct investment (FDI) inflows are at an all-time high, rising ...

The Dollar Business Bureau The government of Telangana would shortly be taking measures to fill up around 85,000 government jobs, Chief Minister K Chandrasekhar Rao said on Tuesday. “On this happy and auspicious occasion of the Independence Day, I would like to give good news to the unemployed youth. I am happy to announce that besides 27,660 appointments so far we made, measures are being taken to make appointments for another 84,876 jobs shortly,” Rao said. The Chief Minister further said during the agitation for the separate Telangana state, it was promised that around one lakh jobs would be provided and recruitments of over 1.12 lakh are being made till now. Rao also said that Prime Minister Narendra Modi and Ivanka Trump, daughter of US President Donald Trump, ...