Proposed Changes in Norm of Doing Business in Country.

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....roposed Changes in Norm of Doing Business in Country. <br>News and Press Release<br>Dated:- 9-5-2012<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 09-May-2012 16:43 IST Proposed Changes in Norm of Doing Business in Country The details of data regarding amount of Foreign Direct Investment (FDI) and Foreign Institutional Investors (FII) inflows into India....

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....n economy for the past four years are as under: S. No. Financial Year (April-March) Amount of FDI equity inflows In Rs. Crores In US$ million Investment by FII's Foreign institutional investors Fund (net) (in terms of US $ million) 1. 2008-09 142829 31396 (-) 15017 2. 2009-10 123120 25834 29048 3. 2010-11 88520 19427 29422 4. 2011-12 (April-February 2012) 133181 28403 ....

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.... 17365 TOTAL 487650 105060 60818 *From RBI's Bulletin dated 09/04/2012 (Table no. 44) As per 9th report entitled 'Doing Business 2012', of the World Bank, India's overall ranking is 132 out of 183 participating countries showing an improvement of 7 points compared with India's rank in their 2011 report. India's efforts to attract 'Foreign Direct Investment' are an ongoing and continuous ....

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....exercise. The Government has taken concerted steps to provide investor-friendly environment in the country. Measures undertaken to improve business environment in the country include e-Governance. MCA-21, Investment Policy liberalization, Single Window Systems by State Governments, Single window for payment of income tax and corporate tax, ICE-Gate for online filing of custom and exercise document....

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....s, Right to Information Act 2005 and Micro, Small and Medium Enterprises Act 2006. In addition, the Government has initiated the implementation of the eBiz Project, a Mission Mode Project under the National e-Governance Project, to provide an online single window to investors & businesses for registrations, filing, approvals, clearances etc. This project aims to create a business and investor frie....

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....ndly ecosystem in India by making all business and investment related regulatory services across Central, State and Local governments available on a single portal, obviating the need for the investor or the business to visit multiple officers or a plethora of websites. This information was given by the Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply in....

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.... the Rajya Sabha today. DS/GK<BR> News - Press release - PIB....