What improved India’s World Bank ranking in ease of doing business

1.     No capital requirement:  In May 2015 the government adopted amendments to the Companies Act that eliminated the minimum capital requirement.  Now Indian entrepreneurs no longer need to deposit Rs one lakh (USD 1,629 )-equivalent to 111 per cent  of income per capita—in order to start a local limited liability company. The amendments also ended the requirement to obtain a certificate to commence business operations, saving business founders an unnecessary step and five days.

2.     Removal of Inspector Raj in Delhi, Mumbai electricity connections

Another focus is to make the process for getting a new electricity connection simpler and faster. Toward that end the utility in Delhi eliminated an internal wiring inspection by the Electrical Inspectorate—and now instead of two inspections for the same purpose,there is only one. The utility also combined the external connection works and the final switching on of electricity in one procedure.

The utility in Mumbai reduced the procedures and time for connecting to electricity by improving internal work processes and coordination. It combined several steps into one procedure—the inspection and installation of the meter, the external connection works and the final connection. Now companies can get connected to the grid, and get on with their business, 14 days sooner than before. 

Pic courtesy: GOI