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Ministry of Commerce & Industry
31-October, 2018 18:30 IST
India Improves Rank by 23 Positions in Ease of Doing Business
India at 77 Rank in World Bank’s Doing Business Report
The World Bank released its latest Doing Business Report(DBR, 2019) todayin New Delhi. India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed now at 77thrank among 190 countries assessed by the World Bank. India'sleap of23 ranks in the Ease of Doing Business ranking is significant considering that last year India had improved its rank by 30 places, a rare feat for any large and diverse country of the size of India. As a result of continued efforts by the Government, India has improved its rank by 53 positions in last two years and 65positions in last four years.
The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle. The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of aneconomy to the global best practice. This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.
India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (Distance to Frontier score) on 7 out of the 10 indicators. But, the most dramatic improvements have been registered in the indicators related to 'Construction Permits' and 'Trading across Borders'. In grant of construction permits, India's rank improved from 181 in 2017 to 52in 2018, an improvement of 129 ranks in a single year. In 'Trading across Borders', India's rank improved by 66 positions moving from 146 in 2017 to 80in 2018. The changes in six indicators where India improved its rank are as follows:
S. No.
Indicator
2017
2018
Change
1
Construction Permits
181
52
+129
2
Trading Across Borders
146
80
+66
3
Starting a Business
156
137
+19
4
Getting Credit
29
22
+7
5
Getting Electricity
29
24
+5
6
Enforcing Contracts
164
163
+1
Overall rank
100
77
+23
The important features of India's performance this year are:
- The World Bank has recognized India as one of the top improvers for the year.
- This is the second consecutive year for which India has been recognized as one of the top improvers.
- India is the first BRICS and South Asian country to be recognized as top improvers in consecutive years.
- India has recorded the highest improvement in two years by any large country since 2011 in the Doing business assessment by improving its rank by 53 positions.
- As a result of continued performance, India is now placed at first position among South Asian countries as against 6th in 2014.
Indicatorwise highlights of India’s performance are:
- Construction Permits –
- Procedures reduced from 37 to 20 in Mumbai and from 24 to 16 in Delhi
- Time reduced from 128.5 to 99 days in Mumbai and from 157.5 to 91 days in Delhi
- Building quality control index improved from 12 to 14 in Mumbai and 11 to 14 in Delhi
- Cost of obtaining construction permits reduced from 23.2 percent to 5.4 percent
- DTF score improved from 38.80 to 73.81
- Trading Across Borders –
- Changes in time and cost are as follows:
- Robust Risk Management System has reduced inspections significantly
- e-Sanchit allows traders to file all documents electronically
- Time and cost to export reduced through the introduction of electronic self-sealing of container at the factory
- Starting a Business -
- Procedures reduced from 11 to 10 in Delhi and 12 to 10 in Mumbai
- Time reduced from 30 to 16 days in Delhi and 29.5 to 17 days in Mumbai
- PAN, TAN, DIN now merged with SPICe making it a single form for company incorporation
- No requirement of inspection for registration under Shops & Establishment in Mumbai
- Distance to Frontier improved from 75.40 to 80.96
- Access to Credit
- Rank improved from 29 to 22
- DTF improved from 75 to 80
- Strength of legal rights index improved from 8 to 9
- Secured creditors will now be repaid first during business liquidation hence given priority over other claims
- Access to Electricity
- Procedures reduced from 5 to 3 in Delhi and 5 to 4 in Mumbai
- DTF improved from 85.21 to 89.15
Improvement have taken place due to the commitment of the Government to carry out comprehensive and complex reforms, supported by the bureaucracy which has changed its mindset from a regulator to a facilitator. The Government has undertaken an extensive exercise of stakeholder consultations to understand challenges of the industry, government process re-engineering to provide simplified and streamlined processes to create a more conducive business environment in the country. As a result of continued efforts, India's rank has improved as follows:
Year
2014
2016
2017
2018
Overall rank
142
130
100
77
DTF
53.97
56.05
60.76
67.23
The eight indicators in which India has improved its rank over last four years:
S. No.
Indicator
2014
2018
Change
1
Construction Permits
184
52
+132
2
Getting Electricity
137
24
+113
3
Trading across Borders
126
80
+46
4
Paying Taxes
156
121
+35
5
Resolving Insolvency
137
108
+29
6
Enforcing Contracts
186
163
+23
7
Starting a Business
158
137
+21
8
Getting Credit
36
22
+14
Implementation of reforms required coordination within various Ministries and government agencies:
- DIPP prepared reform action plan based on global best practices, with support of World Bank’s expert team
- Identification of nodal Departments and constitution of Task Force for each indicator. DIPP sensitizing Departments and worked with them for reform implementation
- Development of a Communication Plan for Dissemination of reforms to users and other stakeholders, to generate awareness and receive feedback.
- DIPP engaged expert agencies to receive regular industry feedback on reforms
- Consulted stakeholders frequently to understand the gaps in reform implementation
- Created WhatsApp groups to share reforms and address concerns of users
- Conducted focused group discussions and one-to-one meetings with users
- Ran twitter Polls and conducted live Twitter chat sessions to gauge user perception
- Identified corrective measures based on feedback received
- Regular review of reforms and removing bottlenecks in implementation
- Indian delegation visited World Bank multiple times to explain the reforms implemented and understand areas for improvement
Ministry of Commerce & Industry
31-October, 2018 17:00 IST
Index of Eight Core Industries (Base: 2011-12=100) September, 2018
1. The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.
2. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 127.2 in September, 2018, which was 4.3per centhigheras compared to the index of September, 2017. Its cumulative growth during April to September, 2018-19was 5.5per cent.
Coal
3. Coal production (weight: 10.33per cent)increased by 6.4 per cent in September, 2018 over September, 2017. Its cumulative index increased by 9.6 per centduring April to September, 2018-19over corresponding period of the previous year.
Crude Oil
4. Crude Oil production (weight: 8.98per cent) declinedby 4.2 per cent in September, 2018 over September, 2017. Its cumulative index declined by 3.4 per centduring April to September, 2018-19over the corresponding period of previous year.
Natural Gas
5. The Natural Gas production (weight: 6.88per cent) declined by 1.8per cent in September, 2018 over September, 2017. Its cumulative index declined by 0.8 per centduring April to September, 2018-19 over the corresponding period of previous year.
Refinery Products
6. Petroleum Refinery production (weight: 28.04per cent) increased by 2.5 per cent in September, 2018 over September, 2017. Its cumulative index increased by 6.6 per centduring April to September, 2018-19over the corresponding period of previous year.
Fertilizers
7. Fertilizers production (weight: 2.63 per cent) increased by 2.5 per cent in September, 2018 over September, 2017. Its cumulative index increased by 1.8 per centduring April to September, 2018-19 over the corresponding period of previous year.
Steel
8. Steel production (weight: 17.92per cent)increasedby 3.2 per cent in September, 2018 over September, 2017. Its cumulative index increased by 3.5per centduring April to September, 2018-19 over the corresponding period of previous year.
Cement
9. Cement production (weight: 5.37per cent) increasedby 11.8per cent in September, 2018over September, 2017. Its cumulative index increased by 14.4per centduring April to September, 2018-19over the corresponding period of previous year.
Electricity
10. Electricity generation (weight: 19.85per cent) increased by8.2per centin September, 2018over September, 2017. Its cumulative indexincreased by6.2per cent duringApril to September, 2018-19over the corresponding period of previous year.
Note 1: Data for July, 2018, August, 2018 and September, 2018are provisional.
Note 2: Since April, 2014, Electricity generation data from Renewable sources are also included.
Note 3: The industry-wise weights indicated above are individual industry weight derived from IIP and blown up on pro rata basis to a combined weight of ICI equal to 100.
Note 4: Release of the index for October, 2018 will be on Friday, 30th November, 2018.
Annexure
Performance of Eight Core Industries
Yearly Index & Growth Rate
Base Year: 2011-12=100
Index
Sector
Weight
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
Apr-Sep 2017-18
Apr-Sep 2018-19
Coal
10.3335
103.2
104.2
112.6
118.0
121.8
124.9
104.2
114.3
Crude Oil
8.9833
99.4
99.2
98.4
97.0
94.5
93.7
94.6
91.4
Natural Gas
6.8768
85.6
74.5
70.5
67.2
66.5
68.4
68.8
68.2
Refinery Products
28.0376
107.2
108.6
108.8
114.1
119.7
125.2
120.8
128.7
Fertilizers
2.6276
96.7
98.1
99.4
106.4
106.6
106.6
104.0
105.9
Steel
17.9166
107.9
115.8
121.7
120.2
133.1
140.5
137.3
142.1
Cement
5.3720
107.5
111.5
118.1
123.5
122.0
129.7
123.7
141.6
Electricity
19.8530
104.0
110.3
126.6
133.8
141.6
149.2
152.3
161.7
Overall Index
100.0000
103.8
106.5
111.7
115.1
120.5
125.7
122.1
128.8
Growth Rates(in per cent)
Sector
Weight
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
Apr-Sep 2017-18
Apr-Sep 2018-19
Coal
10.3335
3.2
1.0
8.0
4.8
3.2
2.6
1.4
9.6
Crude Oil
8.9833
-0.6
-0.2
-0.9
-1.4
-2.5
-0.9
-0.2
-3.4
Natural Gas
6.8768
-14.4
-12.9
-5.3
-4.7
-1.0
2.9
5.0
-0.8
Refinery Products
28.0376
7.2
1.4
0.2
4.9
4.9
4.6
2.1
6.6
Fertilizers
2.6276
-3.3
1.5
1.3
7.0
0.2
0.03
-2.1
1.8
Steel
17.9166
7.9
7.3
5.1
-1.3
10.7
5.6
5.6
3.5
Cement
5.3720
7.5
3.7
5.9
4.6
-1.2
6.3
-1.4
14.4
Electricity
19.8530
4.0
6.1
14.8
5.7
5.8
5.3
5.7
6.2
Overall Index
100.0000
3.8
2.6
4.9
3.0
4.8
4.3
3.2
5.5
Performance of Eight Core Industries
Monthly Index & Growth Rate
Base Year: 2011-12=100
Index
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
10.3335
8.9833
6.8768
28.0376
2.6276
17.9166
5.3720
19.8530
100.0000
Sep-17
103.1
92.0
68.8
122.7
105.3
138.7
119.8
150.5
122.0
Oct-17
119.4
95.7
71.0
132.1
116.8
146.7
125.2
149.8
128.7
Nov-17
133.5
90.8
68.5
126.0
111.8
137.5
125.4
140.1
124.1
Dec-17
142.6
94.2
69.2
133.1
112.1
138.0
135.3
143.9
128.8
Jan-18
149.5
93.8
67.6
135.4
105.5
145.0
140.6
149.5
132.5
Feb-18
143.2
86.1
62.1
120.9
102.2
141.7
138.0
136.1
123.2
Mar-18
184.9
95.8
69.8
130.3
107.0
153.2
149.6
156.7
138.5
Apr-18
118.8
91.8
67.1
119.1
93.1
138.1
149.1
153.7
124.3
May-18
125.2
94.8
68.7
131.6
106.6
142.8
145.3
164.7
131.9
Jun-18
120.0
90.9
67.4
133.8
108.3
143.8
150.7
159.9
131.2
Jul-18
108.1
91.2
68.5
134.1
110.0
140.3
135.9
162.1
129.2
Aug-18
103.8
91.6
70.2
127.7
109.4
144.5
134.6
167.2
128.8
Sep-18
109.8
88.1
67.5
125.8
108.0
143.2
134.0
162.9
127.2
Growth Rates (in per cent)
Sector
Coal
Crude Oil
Natural Gas
Refinery Products
Fertilizers
Steel
Cement
Electricity
Overall Index
Weight
10.3335
8.9833
6.8768
28.0376
2.6276
17.9166
5.3720
19.8530
100.0000
Sep-17
10.4
0.1
6.3
8.1
-7.7
3.7
0.1
3.4
4.7
Oct-17
3.9
-0.4
2.8
7.5
3.0
8.6
-1.3
3.2
5.0
Nov-17
0.7
0.2
2.4
8.2
0.3
14.5
16.9
3.9
6.9
Dec-17
0.4
-2.1
1.1
6.6
3.0
0.4
17.7
4.4
3.8
Jan-18
3.8
-3.2
-1.2
11.0
-1.6
1.7
19.6
7.7
6.2
Feb-18
1.3
-2.4
-1.8
7.8
5.2
5.0
23.0
4.6
5.4
Mar-18
9.1
-1.6
1.0
1.1
3.2
4.7
13.5
6.0
4.5
Apr-18
15.2
-0.8
5.7
2.7
4.6
3.0
21.9
2.1
4.7
May-18
12.0
-2.9
-1.4
4.9
8.4
-0.1
13.0
4.1
4.1
Jun-18
11.5
-3.4
-2.7
12.1
1.0
4.2
14.2
8.4
7.8
Jul-18
9.8
-5.4
-5.2
12.3
1.3
6.9
11.1
6.7
7.3
Aug-18
2.4
-3.7
1.0
5.1
-5.3
4.0
14.7
7.6
4.7
Sep-18
6.4
-4.2
-1.8
2.5
2.5
3.2
11.8
8.2
4.3
***
Ministry of Finance
31-October, 2018 17:48 IST
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-
In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted, namely: -
TABLE-1
Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $Per Metric Tonne)
(1)
(2)
(3)
(4)
1
1511 10 00
Crude Palm Oil
538
2
1511 90 10
RBD Palm Oil
571
3
1511 90 90
Others – Palm Oil
555
4
1511 10 00
Crude Palmolein
587
5
1511 90 20
RBD Palmolein
590
6
1511 90 90
Others – Palmolein
589
7
1507 10 00
Crude Soya bean Oil
728
8
7404 00 22
Brass Scrap (all grades)
3684
9
1207 91 00
Poppy seeds
2076
TABLE-2
Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $)
(1)
(2)
(3)
(4)
1
71 or 98
Gold, in any form, in respect of which the benefit of entries at serial number 356 and 358 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed
394 per 10 grams
2
71 or 98
Silver, in any form, in respect of which the benefit of entries at serial number 357 and 359 of the Notification No. 50/2017-Customs dated 30.06.2017 is availed
465 per kilogram
TABLE-3
Sl. No.
Chapter/ heading/ sub-heading/tariff item
Description of goods
Tariff value
(US $ Per Metric Tonne)
(1)
(2)
(3)
(4)
1
080280
Areca nuts
3947”
*****
