Published in:
Business Standard
Pubished on:
28 Oct 2015
The improvement in the national ranking comes from, essentially, a few procedural changes in how Delhi's power distribution company BSES gets new connections to customers in south, east and west Delhi.
Finally, the quality of drafting of the tax law is not its only constraint on the ease of doing business - India ranked 157th in the world in terms of the ease of paying taxes. According to the report, 243 hours a year are devoted by business to paying taxes, which they have to do as many as 33 times, at an effective tax rate of close to 60 per cent of profits.