SYLLABUS SECTION: GS III (ECONOMY)
WHY IN THE NEWS?
Recently, Minister of Finance and Corporate Affairs, announced the assessment of States/UTs under Business Reforms Action Plan (BRAP) 2020, the 5th edition of the BRAP exercise in New Delhi today.
- Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana are the Top Achievers based on implementation of Business Reforms Action Plan.
- Himachal Pradesh, Madhya Pradesh, Maharashtra, Odisha, Uttarakhand and Uttar Pradesh figure under the Achievers
- Assam, Chhattisgarh, Goa, Jharkhand, Kerala, Rajasthan and West Bengal have been placed in the Aspirers category, Andaman & Nicobar, Bihar, Chandigarh, Daman & Diu, Dadra & Nagar Haveli,
- Delhi, Jammu & Kashmir, Manipur, Meghalaya, Nagaland, Puducherry and Tripura have been clubbed under the Emerging Business Ecosystems category.
- Since 2014, BRAP is being release by department for Promotion of Industry and Internal Trade (DPIIT), for steering Ease of Doing Business reforms across the country.
- BRAP 2020 covers 15 business regulatory areas such as access to information, single-window system, labour, environment and sectoral reforms. Sectoral reforms were introduce for the first time in BRAP 2020 wherein 72 reforms were identify across 9 sectors.
Significance of BRAP
- Infuse a culture of learning from each other’s best practices.
- Create an investor-friendly ecosystem by fostering a business friendly climate in each assessment of States UTs.
- Streamlining the existing regulations and eliminating unnecessary requirements and procedures
- BPAR exercise is carry out on the lines of annual assessment done by World Bank for its Doing Business Report (DBR).
- In 2021, World Bank decided to discontinue DBR after a review of data irregularities found in 2018 and 2020 reports.
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