India points out errors in World Bank’s ease of doing business report. Here are facts

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Last year, India rose in World Bank’s ease of doing business index just by one spot to 130 out of 190 countries. Disappointed by the report, Indian officials assessed the report closely and found out some factual errors.
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The Indian officials have written to the World Bank regarding the factual errors, saying the Department of Industrial Policy and Promotion (DIPP) that highlighted changes to the legal framework regarding enforcement of contracts not taken into consideration in the report.

"We have communicated to them certain factual errors in their assessment,” a government official aware of the matter told ET.

The Indian government has been taking several initiatives to improve its position on the ease of doing business index.

The government now wants the World Bank to correct its findings related to arbitration and settlement of commercial disputes in the country following substantial changes to the framework for such redressal.

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It wants corrections on items such as attorney fees. Likewise, the provisions for availability of financial incentives for parties to attempt mediation or conciliation such as refunds of court filing fees to be recognised in the assessment should also be changed.

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