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News:
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India is ranked at the 142nd position among 189 nations in World Bank’s Ease of Doing Business 2015 report.
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The Finance Minister, Jayant Sinha said that the government is taking various initiatives, including e-biz portal, Goods and Services Tax, mobile platform for setting up business, and is working with states to improve ease of doing business.
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The Minister said, India is a USD 2 trillion economy and he also underlined the need for developing domestic venture capital industry to fund innovations, which are of relevance to the developing world.
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Initiatives like ‘Skill India’, ‘Make In India’ and ‘Mudra Bank’ are building blocks of the economy, Sinha said.
Source: ET
