August 2018 \ Business & Investment \ BUSINESS AND GOVERNANCE
Committed to Ease of Business—PM

Reiterating that his Government is fully committed to promoting ...

  • Prime Minister Narendra Modi

Reiterating that his Government is fully committed to promoting ease of doing business and ensuring robust economic growth, Prime Minister Narendra Modi has said it has taken several “affirmative actions” in the last four years in this direction. “Over the last four years, my Government has consciously and diligently worked on several fronts to resolve issues being faced by the economy. It is because of these efforts that our economy is today growing at a rate of over 7.5 per cent, the highest among major economies,” Modi said in an interview to the Times of India published in August. He said that while the Government encourages ease of doing business, it is unsparing in bringing unscrupulous elements to book. The Prime Minister also listed the unprecedented reforms his Government initiated in terms of disinvestment and taxation.

“The emphasis is on simplifying processes, be it incorporation of a company, induction of a director, or payment of income tax or GST. In the World Bank ranking on Ease of Doing Business, India has moved up from 142 to 100, proving we are an enabling environment for companies,” Mr Modi said. He said his Government has taken a “major decision” to change its approach towards central public sector enterprises (CPSEs) for “efficient management of public assets, unlocking wealth to the shareholders and creating wealth for the public.”

Tags: PM

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