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News: Union Minister of Finance and Corporate Affairs has announced the 4th edition of Business Reform Action Plan (BRAP) ranking of states,2019.
Facts:
- Business Reform Action Plan(BRAP): The ranking of States based on the implementation of Business Reform Action Plan started in the year 2015.Till date, State Rankings have been released for the years 2015, 2016 and 2017-18.
- Who Conducts the exercise? The Department for Promotion of Industry and Internal Trade(DPIIT) conducts the exercise for all States and Union Territories under the BRAP.
- Objective: To attract investments and increase Ease of Doing Business in each State by introducing an element of healthy competition through a system of ranking states based on performance in the implementation of BRAP.
- Parameters: It includes 180 reform points covering 12 business regulatory areas such as Access to Information, Single Window System, Labour, Environment among others.
Key Takeaways:
