What is Ease Of Doing Business? Definition of Ease Of Doing Business, Ease Of Doing Business Meaning – The Economic Times

Definition: Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country. Description: It is computed by aggregating the distance to frontier scores of different economies. The distance to frontier score uses the ‘regulatory best practices’ for doing business as the parameter and benchmark economies according to that parameter. For each of the indicators that form a part of the statistic ‘Ease of doing business,’ a distance to frontier score is computed and all the scores are aggregated. The aggregated score becomes the Ease of doing business index. Indicators for which distance to frontier is computed include construction permits, registration, getting credit, tax payment mechanism etc. Countries are ranked as per the index. Also See: Benchmark Government Bond, Real GDP at Factor Cost

the BRICS?BRICS is an acronym that started as BRIC in 2001, coined by Jim O’Neill (a Goldman Sachs economist) for Brazil, China, India, and Russia. Later in 2010, South Africa was added to become BRICS. Goldman Sachs claimed that the global economy will be dominated by the four BRIC economies by 2050. The main reason for such a claim was that China, India, Brazil, Russia, and South Africa were ra

It is an abbreviation for the term “British exit”, similar to “Grexit” that was used for many years to refer to the possibility of Greece leaving the Eurozone. Brexit refers to the possibility of Britain withdrawing from the European Union (EU). The country will hold a referendum on its EU membership on June 23. Description: Why the Call for Referendum? When David Cameron became the prime mi

The third Basel accord or Basel-III is the cornerstone of banking supervision in the world. Framed by a committee of elite central bankers, the accord provides the guidelines for prudent supervision of banks all over the world and sets the standard for such supervision. Description: Basel-III is third in the series of accords following Basel-I and Basel-II. It was released in December, 2010, in

Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Description: Base rate is decided in order to enhance transparency in the credit market and ensure that banks pass on the lower cost of fund to their customers. Loan pricing will be done by adding base rate and a suitable spread depending on the credit risk premium. Als

the hard currency came into existence, the most common form of trade was bartering. Barter Systemdates back to the old time when there was no money. The only way to buy goods was to exchange them with personal belongings of similar value. For example- A farmer gives his cattle in exchange for some land, and so on. In simple words, any exchange of goods and services for other goods and services wi

Bank rate is the rate charged by the central bank for lending funds to commercial banks. Description: Bank rates influence lending rates of commercial banks. Higher bank rate will translate to higher lending rates by the banks. In order to curb liquidity, the central bank can resort to raising the bank rate and vice versa. Also See: Base Rate, Call Money Rate

According to the RBI, balance of payment is a statistical statement that shows 1. The transaction in goods, services and income between an economy and the rest of the world, 2. Changes of ownership and other changes in that economy’s monetary gold, special drawing rights (SDRs), and financial claims on and liabilities to the rest of the world, and 3. Unrequited transfers. Description: The tran

Bailout is a general term for extending financial support to a company or a country facing a potential bankruptcy threat. It can take the form of loans, cash, bonds, or stock purchases. A bailout may or may not require reimbursement and is often accompanied by greater government oversee and regulations. The reason for bailout is to support an industry that may be affecting millions of people in

economic growth of country is determined by factors such as Capital structure, Human resources, Natural resources and revenue generation of businesses operating within the nation. A decline in the economic development can impact all the four factors of a government system. One of the main contributors of decline in the economic system is debts. A country borrows money from creditors, with the vie

Asset turnover ratio is the ratio between the value of a company’s sales or revenues and the value of its assets. It is an indicator of the efficiency with which a company is deploying its assets to produce the revenue. Thus, asset turnover ratio can be a determinant of a company’s performance. The higher the ratio, the better is the company’s performance. Asset turnover ratio can be different fro

Finance Minister Nirmala Sitharaman explains why India is an attractive destination for global businesses

She listed out multiple factors including well-trained youth, a middle class which itself gives a captive market and which has a certain purchasing power, technology and digital infrastructure in the public space, and rule of law, which gives the nation an upper hand in the world. She called these factors a “right combination” which matters for the growing economy.

Employer compliance needs thorough reexamination, says report

The report released by Teamlease Regtech, a regulatory technology (Regtech) solutions company, examines the sectoral concerns and gives an overview of the regulatory environment for the logistics and supply chain industry.

Arunachal Pradesh Deputy CM Chowna Mein asks entrepreneurs to get their businesses under MSME

The event was organized by Arunachal Pradesh Innovation & Investment Park to felicitate 31 startups who successfully completed incubation and pre-incubation in the APEDP – 1.0 (launched on August 15, 2020), and to distribute seed money to 35 selected startups under APEDP – 2.0 (launched on August 12, 2022).

Talks on to allow older solar units exemption from duty

The latest discussion may allow projects of around 26 GW capacity an exemption from the levy to import solar modules and cells, a senior government official told ET.

India’s uniqueness is its digital public infrastructure: IRDAI Chairman Debasish Panda

Panda described how India’s digital public infrastructure is changing the face of financial services.

Every industry will be tech driven – can India ride this next wave

According to KPMG’s Semiconductor Outlook 2023, sixty-five percent of the executives surveyed think the semiconductor supply shortage will ease in 2023.

Deepwater exploration tempting: Wood Mackenzie

“There is alignment and agreement from the PM’s (India) office down to the regulator that more offshore exploration is needed,” a report said. The report added that owing to the availability of new unexplored blocks and attractive fiscal terms, major companies like ExxonMobil, Total and Chevron are looking at deepwater opportunities with state-owned ONGC Ltd.

India should adopt flexible, interest-based negotiations, not oppose trade-plus links with policy

If India wants to achieve a growth rate of 7%-plus in the years ahead, it should also aim for a strong export performance. World trade is likely to grow more slowly in the future than it did in the past. But, even so, India should aim at expanding its exports at rates faster than the world’s. Our share in world exports is low enough that such expansion is not impossible, but difficult.

Andhra Pradesh bullish on investments, aims 10% share in India’s exports soon

The state’s exports increased by 15.31% compared to the performance in 2021-22, the recent Leads Report has said, placing it among the achievers in the coastal states, Amarnath said in an interaction with investors ahead of AP’s two-day global investors summit scheduled from March 3.

RBI redies draft bill for NFIR; to improve accessibility, affordability of loans: DEA Secy Ajay Seth

The Reserve Bank has already prepared the draft bill which is currently being deliberated upon, Ajay Seth told PTI in a post-budget interaction. The objective is to build a public infrastructure for credit-related information and right information can be made available by the NFIR to lending agencies.