Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country.
The ease of doing business index is annually released by World Bank in its Ease of Doing Business Report. It was introduced in 2004. In this index, ranking of country is based on index averages the country’s percentile rankings on 10 indicators each having equal weight-age.
In the Ease of Doing Business Index (EODB index), ‘higher rankings’ (a lower numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
Different parameters which define the ease of doing business in a country are:
- Starting a Business
- Dealing with Construction Permits
- Getting Electricity
- Registering Property
- Getting Credit
- Protecting Minority Investors
- Paying Taxes
- Trading across Borders
- Enforcing Contracts
- Resolving Insolvency
Reform activities Under Ease of Doing Business in MESCOM.
- Applications to be applied mandatorily online and only two documents are required for obtaining electricity connection.
- Number of procedures to be reduced to at least 3(Under Progress).
- Release of new connection within 7 days (where no RoW permission is required) and within 15 days (where RoW permission is required).
- Setting up of centralized online portal for the purpose of RoW with access given to all relevant road owning agencies so as to grant the RoW permission within 3 working days(Under Progress).
- DISCOMs may plan is advance for creating electrical infrastructure on both sides of the highways and plan advance road crossings to avoid road cutting for release of new connection.
- Notification and operationalisation of Dig and Restore Policy’ for quick and easy restoration of road cutting for the purpose of laying electricity cables for new connection.
- Minimize connection charges/cost.
- Consumer outreach programme to take care of the perception based feedback being taken by the World Bank team from consumers / contractor.
- Update and promote the status of the implemented reforms on the website of the department (relevant notifications / orders etc.)
- Conduct series of orientation workshops / training of relevant officials including frontline officers of the department.
- Develop a media strategy for creating awareness among the practitioners/ users through extensive communication.