Ease of doing business is states’ responsibility too, says finance minister

KOTA: Finance minister Nirmala Sitharaman on Sundya said that the government is engaging with states and local administrations to ensure that benefits of ease of doing business (EoDB) initiatives reach the ground. EoDB is not just the Centre’s responsibility but that of states as Well, she added.

“The government can bring in rules, meaningful regulations, remove many of the burdens and give it as a policy. It can be implemented in Union Territories for which the government is directly responsibel but further down it is the state governments, which also equally have to do it,” she said.

Similarly, municipal areas will have to do their part and panchayats will have to also pitch in, Sitharaman said while interating with students here.

The government is engaging with different layers of administration so that this ease continues across the country, the finance minister added. World Bank’s Ease of Doing Business Report 2019 placed India at the 63 rd spot in ‘Doing Business’ compared to the 77th rand in 2018. The World Bank group in 2021 decided to discontinue publication of its ‘Doing Business’ rankings of coluntry business climates after data irregularities in the 2018 and 2020 reports.

For raising tax compliance, Sitharaman said, the government has taken many initiative to encourage taxpayers to fulfill their obligation towards nation building.

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