New Delhi, Nov 12 (KNN) Industry has nothing to feel proud about its improved raking in Ease of Doing Business (EODB) by World Bank, said Badish Jindal, President of Federation of Punjab Small Industries Association (FOPSIA).

He claimed “doing business in India is tougher than before.”

In the report of ‘Ease of Doing Business 2019’ the rating of India improved from 100 to 77 with a jump of 23 positions.

On this, he said that the report is far away from actual facts. The EODB 2019, prepared by World Bank is merely on the achievements of Delhi Government, which performed even better than Mumbai, said Jindal in a press release.

He added that in the report of Niti Aayog, Delhi Government was given 31.69% score whereas Maharashtra’s score was 92.88%. But in World Bank report Delhi scored 67.99% marks and Maharashtra Scored 66.38% only.

Commenting on this, he said “It is really shameful that Indian Politics even target the states in matter of Industry.”

On this matter, Jindal strongly pointed that the rating is based on the data of just two cities i.e. Mumbai & Delhi, whereas India have federal laws in regard to subjects taken up in the report and all the states have their own rules in construction permits, registering property and getting electricity. Thus the survey of merely two cities can’t give an accurate rating of whole county.

The other main reason behind the increase in position is the new methodology 2016-19 adopted by World Bank to prepare this report, which ignored many important factors those were earlier considered while preparing this report, Jindal further pointed.

Highlighting the true, Jindal said that one of the shocking fact about this report is that in the comparative data taken by world Bank, Delhi performed much better to Mumbai in ease of doing business.

Whereas in the data of “Ease of Doing business in India Report, prepared by Niti Ayog released last month Maharashtra stand 13^th in 34 states by scoring 92.88% marks and Delhi stood 23 with merely 31.69% marks.

This shows the true picture of political rivalry in India, Jindal added.

“India has improved its position due to big scoring in dealing with construction permits as earlier India was at 181 position in the world whereas now its raking came to 52nd position in the world and for this achievement all credit goes to Delhi Government because construction permit is a state subject,” Jindal pointed.

On Goods and Service Tax (GST), he said “GST system declared failed in ease of doing report.”

Sharing the facts and figures, Jindal commented that even after the implementation of GST the so called simplified system of Modi Government, India’s position dropped from 119 to 121 in world ranking in paying taxes. The scores also dropped from 66.06 to 65.36 in paying taxes.

In South East Asia, India scores the second lowest after Bangladesh in ‘Starting a Business’.

India’s ranking in starting a business is 137, whereas Afghanistan is at 49th rank, Maldives 71, Srilanka 83, Bhutan 91, Nepal 107 and Pakistan have better position to India with a rank of 130 in Starting a Business in this report, said Jindal.

Besides, he added “India also stepped down from 4th position to 7th position in protecting minority investors. India’s position also got down from 103 to 108 in Resolving Insolvency.”

India also gave the wrong figures in “getting credit” as the rating improved from 29th to 22nd in the world whereas it’s a known fact that Banks tightened their nose in giving credit to industries after present NPA crises, Jindal further pointed.

The RBI report says as under “Bank credit outstanding to the industrial sector went up by a pathetic 0.73% in 2017-18, after a contraction in the previous year.”

Bank loans outstanding to industry at end-March 2018 were lower than two years ago, said Jindal.

“Under such circumstances the improvement in getting credit put up a clear question mark on their Ease of Doing Business report,” Jindal strongly pointed.

On few parameters, few states improved their systems and instead of hiding the government must come up to replicate the same in other states.

Overall the rating pattern followed by World Bank doesn’t suits in India due to its federal law system because all states have their own rules to setup industries.

The improved factors in the report are the subjects those are pertaining to states such as starting a business, dealing with construction permits, getting electricity.

Whereas the performance in the Central related subjects such as registering property, getting credit, protecting minority investor, paying taxes enforcing contracts and resolving insolvancy is still poor, said FOPSIA president.

Sharing his views, Badish Jindal said “Modi government has nothing to claim in this World Bank report because, this report is based on the improvements made by Delhi government only.”

On this entire thing, Badish Jindal commented “FOPSIA with full responsibility declare this report as a fake report made under some political pressure to save their huge investments in India.”