Governments can reduce risks to private investors through policy and institutional framework that supports an enabling business climate and ensures good governance
– World Bank.
Telangana State continues to outdo other States in terms of staying at the top place in the Ease of Doing Business (EoDB) rankings. Telangana stood second in the EoDB rankings announced by the Department of Industrial Policy and Promotion of Union Commerce and Industry Ministry for 2018.
The rankings are calculated after assessing the reform evidence and feedback from states on efforts being made for the implementation of the Business Reform Action Plan (BRAP) 2017 released by DIPP in partnership with the World Bank Group. The BRAP includes 372 recommendations for reforms on, policies, practices, and procedures. Telangana got a score of 98.33 percent in the rankings, with the highlight being its reform evidence score standing at 100 percent.
Apart from the much appreciated TSiPASS online Industrial application and approval system that ensured the timely approvals, the Government embarked on a mission to make transacting business a lot easier in the state by taking steps for making the system graft free and transparent.
