The Narendra Modi government has virtually prevented an unhealthy competition between Andhra Pradesh and Telangana in attracting investments by granting them same rank in the ease of doing business.
Commerce and Industry Minister Nirmala Sitharaman on Monday released a report on State-wise Ease of Doing Business rankings.
Andhra Pradesh and Telangana topped the all-India ranking with 98.78 per cent each. Andhra Pradesh which was in No. 2 position last year, moved to the top position, while Telangana which was in 13th position last year, climbed up by 12 poisitions.
Gujarat, which was in No. 1 position last year slipped to third position this year with 98.21 per cent; Chhattisgarh with 97.32 per cent and Madhya Pradesh with 97.01 per cent marks.
The rankings are on the basis of 340-point business reform action plan and their implementation by the States. This covers the period from July 1, 2015 to June 30, 2016.
Haryana ranked sixth with 96.95 per cent followed by Jharkhand with 96.57 per cent; Rajasthan with 96.43 per cent; Uttarakhand with 96.13 per cent and Maharashtra completed the top 10 with 92.86 per cent.
The Action Plan includes reforms on 58 regulatory processes, policies, practices, or procedures spread across 10 reform areas spanning the lifecycle of a typical business.
These are mainly single window clearance, tax reforms, labour and environment reforms, dispute resolution and construction permit.
