Business Reforms Action Plan (BRAP) Report, 2020

Tags: Economy/Finance

Recently the Union Finance Minister Nirmala Sitharaman has released the Ease of Doing Business (EoDB) ranking of the Ministry of Commerce and Industry, which is based on the Business Reforms Action Plan (BRAP) Report, 2020.

• The objective of the ranking is to promote ease of doing business to encourage investors and ease of doing business across the country through a healthy competitive environment through a system of assessing states based on their performance in the BRAP.

• The parameters include various areas, such as construction permits, labour regulation, environmental registration, access to information, land availability and single window system.

• The Business Reforms Action Plan (BRAP) report has classified the states into four categories -

• Top Achievers

• Seven states - Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Telangana and Tamil Nadu - were classified as 'Top Achievers' in the Ease of Doing Business ranking of states and union territories.

• Achievers

• Himachal Pradesh, Uttar Pradesh, Odisha and Madhya Pradesh are the other states classified as achievers in the ranking.

• Aspirants

• Seven states - Goa, Assam, Kerala, Rajasthan, Jharkhand, Chhattisgarh and Bengal - have been classified as 'aspirational' districts.

• Emerging Business Ecosystem

• Six states - Manipur, Meghalaya, Nagaland, Tripura, Puducherry and Jammu and Kashmir - were 'emerging trading ecosystems'.

• About BRAP

• It was launched in the year 2015.

• It was introduced to encourage a healthy competition among the states.

• This will help in attracting investment and ease of doing business in each state.

• The Department for Promotion of Industry and Internal Trade has been assessing the performance of States/UTs since 2014 in implementing the reforms prescribed in the BRAP exercise.

• So far, the estimates of States/UTs for the years 2015, 2016, 2017-18, 2019 and 2022 have been released.