Economy regains momentum, moves 6 places in latest World Bank report
02 November, 2018, 18:05 | Author: Corey Lynch
New Zealand, Singapore, Denmark, Hong Kong and Korea ranked top five in the world.
"The country performs best in the areas of enforcing contracts, with a global rank of 19, and protecting minority investors [26th place]".
On other key parameters such as access to electricity and to credit, cross-border trading, tax payments, contract enforcement, etc, India is among the top 25 countries in the world.
"These efforts have had transformative and positive effects on the judicial system as a whole, but also in the areas of commercial litigation and insolvency specifically", the report said. "But there has been a record improvement in ranking", Jaitley added.
The report measures progress of economic reforms in only two cities including Delhi and Mumbai.
According to the report published Wednesday, Turkey received 74.33 points out of 100, improving 4.34 points since past year.
The bank said during the past year, starting a business was made easier by enhancing the online one-stop registration system, replacing several forms for incorporation with a single application, and establishing information exchange between the registry and the tax authority.
Four of the region's economies have earned coveted spots in this year's global top improvers, Togo, Kenya, Côte d'Ivoire, and Rwanda.
"We demand that the World Bank review the Philippines' rating, and make a correction immediately given our country's increases in the Ease of Doing Business (EODB) scores, which was, unfortunately, offset by the grossly inaccurate and understated findings in the Getting Credit indicator of the Report", the statement read.
In Resolving insolvency, Pakistan made it easier by introducing the reorganization procedure and improving the continuation of the debtors business during insolvency proceedings.
Suresh Prabhu, Commerce Minister, attributed the improvement in the ranking to the collaborative effort by the state and central government.
During the first half of 2018, they said, China introduced reform measures to streamline its construction permitting process by implementing unified platforms for all building review processes in Beijing and Shanghai. It does not help to be self-congratulatory when China made a huge jump from 78th to 46th place in the global rankings of ease of doing business.
"Trading across borders was made more hard by increasing the number of inspections for importing, thereby increasing the average time for border compliance", the report said. "At just five days, it is four times faster to register a property transfer in Turkey than in the region". The latest reform initiatives included electronic submission of documents and upgrading of port infrastructure.
The report, "Doing Business 2019: Training for Reform", released on Wednesday night showed the Philippines, represented by Quezon City, garnering a score of 57.68 from a possible flawless score of 100.
Both the staff at the facility as well as state authorities are continuous in the efforts to contain the spread of the virus. A ninth child has died in an adenovirus outbreak at a New Jersey rehabilitation center, state health officials said Sunday.
A USB-C connector for charging and syncing data, the first time Apple is bringing this charging standard to its iOS devices. As for the desktops, it would make the most sense if there was one new 21-inch iMac, a new 27-inch iMac, and a Mac Mini .
Al-Qedra said that since the start of the marches, the Israeli army forces have killed 217 Palestinians and wounded 23,000 others. The incident occurred with tensions high along the border after months of protests and clashes.
The 28-year-old outsider fired 26 aces, with his impenetrable service game laying the basis for a surprise win. The Romanian aims for a first title after arriving at Basel without a career win over a top-10 opponent.
Under the hood will be a Qualcomm Snapdragon 845 SoC paired with 6GB / 8GB RAM options, and 128GB / 256GB storage options. Following its global launch in NY , the company will introduce the smartphone for the Indian market on October 30.
Public sector banks: Following the Nirav Modi-Punjab National Bank case, the RBI and Centre began pointing fingers at each other. But it was unclear if it had used powers for the first time under the RBI Act to give the bank instructions.
U.S. justice department officials said the bombs were "not hoax devices " and warned there could be more still undiscovered. According to a 2012 bankruptcy petition filed in Miami , Sayoc resided at the time at his mother's home .
Her CDU party and SPD coalition won the election but haemorrhaged support leaving the partnership teetering on a knife-edge. In 2015, Germany accepted more than one million refugees under circumstances the Chancellor described as "extraordinary".
The cameras remain the same but the company has added a couple of software enhancements to improve low-light and portrait photos. Running Android 9.0 Pie out of the box, the smartphone will be offered in 3 variants - 6GB+128GB, 8GB+128GB and 8GB+256GB.
WWE picked a hell of a time to bring back Hulk Hogan
Hogan had been reinstated into the WWE Hall of Fame back in July, following a three-year ban from the company. WWE has operated in the Middle East for almost 20 years and has developed a sizeable and dedicated fan base.
Royal couple to jet off after Pacific tour
She also gave Meghan a letter thanking her for her support, which the Duchess promised to read, Hannah added. Hannah was so overwhelmed by seeing Meghan that she had to be comforted by the Prime Minister.
Nintendo Switch Just Outsold Gamecube's Lifetime Sales
If any first-party Nintendo title in the world were to boost the Switch into Wii-like numbers, I think it'd be that one. Nintendo revealed that its Nintendo Switch console has sold 22.86 million units worldwide as of September 30.