Tag: Doing Business
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Committee Report on Reforming Regulatory Environment in India
[Posted by Umakanth Varottil] Last year, the Government had appointed a committee under the chairmanship of Mr. Damodaran, former Chairman of SEBI, to recommend reforms to enhance the regulatory environment for doing business in India. This was in response to the annual Doing Business rankings put out by the World Bank, where India has not…
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World Bank’s Doing Business 2013
[Posted by Umakanth Varottil] The World Bank and IFC have published the Doing Business report and country rankings for the year 2013. India still remains at 132 with no signs of overall changes, although its position has improved on some of the parameters, while it has fallen on several others. India’s country report is available…
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Committee for Reforming the Regulatory Environment for Doing Business in India
[Posted by Umakanth Varottil] The Ministry of Corporate Affairs (MCA) has established a 20-member committee to make recommendations to improve the regulatory environment for conducting business in India. Some of the background to this effort is contained in the MCA’s office memorandum: 1. The report of The World Bank and the International Finance Corporation, entitled…
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Guarantees and Performance Bonds
[Posted by Shantanu Naravane] Payment obligations under commercial contracts are often secured by means of guarantees issued by banks, which guarantee the performance of the payment obligation by the buyer. For instance, if A and B enter into a contract whereby A agrees to sell B a ship for the price of $50 million, B’s…
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Two Global Indicators: Measuring India’s Performance
[Posted by Umakanth Varottil] Doing Business Doing Business 2011, a co-publication of the World Bank and the International Finance Corporation, was released earlier this week. As far as India’s position is concerned, nothing significant has altered compared to its ranking in last year’s report. Of a total of 183 countries covered in the report, India…
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Characterising a Joint Venture
[Posted by V. Niranjan] A joint venture, perhaps one of the most widely used vehicles of commerce, is principally of two types – an incorporated joint venture [“IJV”] and an unincorporated joint venture [“UJV”]. The shares of the IJV are held by the members of the joint venture, in proportions that typically reflect their respective…
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Doing Business 2010: India’s Performance
[Posted by Umakanth Varottil] Doing Business 2010, a co-publication of the World Bank and the International Finance Corporation has bee released. Compared to India’s ranking of 132nd last year, it has dropped one notch to 133 this year. It has been noted that despite reforms during this period, India has been outperformed by other similarly-situated…