• Login
No Result
View All Result
Gujarat Journal
  • Home
  • Gujarat News
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
  • Home
  • Gujarat News
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
No Result
View All Result
Gujarat Journal
No Result
View All Result
Home Business

Rajasthan becomes 6th State to complete ease of doing business reforms

by Gujarat Journal Team
December 26, 2020
in Business, State News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter
Rajasthan becomes 6th State to complete ease of doing business reforms ; Additional borrowing permission of Rs. 2,731 crore issued
Additional borrowing permission of Rs.19,459 crore granted so far to 6 States for ease of doing business reforms

New Delhi : Rajasthan has become the 6th State in the country to successfully undertake “Ease of Doing Business” reform stipulated by the Department of Expenditure, Ministry of Finance. Thus, the State has become eligible to mobilise additional financial resources of Rs. 2,731 crore through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure on 24th December, 2020. Rajasthan has now joined the five other States namely, Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana, who have achieved this feat. On completion of reforms facilitating ease of doing business, these six States have been granted additional borrowing permission of Rs.19,459 crore.


The ease of doing business is an important indicator of the investment friendly business climate in the country. Improvements in the ease of doing business will enable faster future growth of the state economy. Therefore, the Government of India had in May 2020, decided to link grant of additional borrowing permissions to States who undertake the reforms to facilitate ease of doing business. The reforms stipulated in this category are:
1) Completion of first assessment of ‘District Level Business Reform Action Plan’
2) Elimination of the requirements of renewal of registration certificates/approvals/licences obtained by businesses under various Acts.
3) Implementation of computerized central random inspection system under the Acts wherein allocation of inspectors is done centrally, the same inspector is not assigned to the same unit in subsequent years, prior inspection notice is provided to the business owner, and inspection report is uploaded within 48 hours of inspection.
In view of the resource requirement to meet the challenges posed by the COVID-19 pandemic, the Government of India had on 17th May, 2020 enhanced the borrowing limit of the States by 2 percent of their GSDP. Half of this special dispensation was linked to undertaking citizen centric reforms by the States. The four citizen centric areas for reforms identified were (a) Implementation of One Nation One Ration Card System, (b) Ease of doing business reform, (c) Urban Local body/ utility reforms and (d) Power Sector reforms.
So far 10 States have implemented the One Nation One Ration Card System, 6 States have done ease of doing business reforms, and 2 States have done local body reforms. Total additional borrowing permission issued so far to the States who have done the refoms stands at Rs.¬¬¬50,253 crore.
-PIB

You May AlsoLike This

From Crisis to Calling: How Varun Chawla Built India’s Most Trusted Business Automation Empire

From Crisis to Calling: How Varun Chawla Built India’s Most Trusted Business Automation Empire

June 16, 2025
Vinayak Group: Pioneering Lifestyle-Focused Developments with a Vision That Inspires Trust in Every Corner of Gandhinagar

Vinayak Group: Pioneering Lifestyle-Focused Developments with a Vision That Inspires Trust in Every Corner of Gandhinagar

June 14, 2025

From Blueprints to Trust: Vinayak Group’s Vision-Driven Approach to Lifestyle-Oriented Investments

June 14, 2025

Public Bytes TV Leads India’s Multilingual News Wave

June 7, 2025
Tags: business reformsRajasthan
ShareTweetShareSendShareShareSendPin
Previous Post

Vice President lauds Indian scientists for work on COVID 19 vaccine

Next Post

Skill Ministry and Tata launch first batch of Indian Institute of Skills

Related Posts

From Crisis to Calling: How Varun Chawla Built India’s Most Trusted Business Automation Empire
Business

From Crisis to Calling: How Varun Chawla Built India’s Most Trusted Business Automation Empire

June 16, 2025
Vinayak Group: Pioneering Lifestyle-Focused Developments with a Vision That Inspires Trust in Every Corner of Gandhinagar
Business

Vinayak Group: Pioneering Lifestyle-Focused Developments with a Vision That Inspires Trust in Every Corner of Gandhinagar

June 14, 2025
From Blueprints to Trust: Vinayak Group’s Vision-Driven Approach to Lifestyle-Oriented Investments
Business

From Blueprints to Trust: Vinayak Group’s Vision-Driven Approach to Lifestyle-Oriented Investments

June 14, 2025
Public Bytes TV Leads India’s Multilingual News Wave
Business

Public Bytes TV Leads India’s Multilingual News Wave

June 7, 2025
Quick Scaleup Technologies: How a Patna-Based Startup is Powering Global Digital Growth
Business

Quick Scaleup Technologies: How a Patna-Based Startup is Powering Global Digital Growth

May 20, 2025
Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India
Business

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

May 6, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

From Crisis to Calling: How Varun Chawla Built India’s Most Trusted Business Automation Empire

From Crisis to Calling: How Varun Chawla Built India’s Most Trusted Business Automation Empire

1 day ago
Haveli: Where Punjab’s Cultural Past Meets Highway Hospitality

Haveli: Where Punjab’s Cultural Past Meets Highway Hospitality

3 days ago

Trending

Founder Launches “Unlabel” — A Leather Sneaker Brand That Rejects the Label Game

Founder Launches “Unlabel” — A Leather Sneaker Brand That Rejects the Label Game

4 days ago
From Blueprints to Trust: Vinayak Group’s Vision-Driven Approach to Lifestyle-Oriented Investments

From Blueprints to Trust: Vinayak Group’s Vision-Driven Approach to Lifestyle-Oriented Investments

3 days ago

Popular

CosmicNeurons a startup by Prof. Prashant Singhal will help you shape your career in the right direction !!

3 years ago
Automation Expo – Hosts Vadodara Exclusive Automation Roadshow 6th June 2025

Automation Expo – Hosts Vadodara Exclusive Automation Roadshow 6th June 2025

2 weeks ago
Quick Scaleup Technologies: How a Patna-Based Startup is Powering Global Digital Growth

Quick Scaleup Technologies: How a Patna-Based Startup is Powering Global Digital Growth

4 weeks ago
Girgiti – God with Many Faces: A Shape-Shifting Tale of Morality and Justice

Girgiti – God with Many Faces: A Shape-Shifting Tale of Morality and Justice

10 months ago
Lotus Derma Botanics Enters the Skincare Arena

Lotus Derma Botanics Enters the Skincare Arena

3 weeks ago

Gujarat Journal, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gujarat News
  • Health & Fitness
  • India
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World

Follow Us

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

Copyright © 2022 Gujarat Journal

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

Copyright © 2022 Gujarat Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In