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DMPQ- “Enforcing Contracts is the key to India’s Ease of Doing Business”. Elaborate.

rawan239
November 21, 2021
Categories: Current Affairs DMPQ
Tags: Cairn Energy, Contract, Dispute resolution, Ease of doing business index, Ex post facto law, India’s Ease of Doing Business, Insolvency, International arbitration, Trade, Vodafone, World Bank

. One of Prime Minister Narendra Modi’s key initiatives after taking charge in 2014 was to rapidly boost India’s global ranking in the World Bank’s Ease of Doing Business (EoDB). The war-like mission was taken up with efficient coordination by the Prime Minister’s Office, driven energetically by the then Secretary DIPP Amitabh Kant with concerned Ministries and State governments who also vied with one another in expediting reforms. Consequently, India’s world ranking, from 142 in 2014 among 190 countries, went up to 130 in 2015, 100 in 2017, 77 in 2018 and 63rd in 2019. India was lauded by the ... Read more