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[Prelims Spotlight] Ease of Doing Business Index, Parigraha

 Explains
  • Here are  Back2Basics collections from today’s news items

    B2B #1: From news- [op-ed snap]Getting down to business

    Ease of Doing Business Index

    1. Ease of Doing Business is an index of World Bank which inter alia refers to the dispute resolution environment in a country which facilitates the investors in deciding for setting up of and operation of a business.
    2. This index has been created by the World Bank Group and since 2002; it has been evaluating almost all the countries of the world.
    3. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of the business.
    4. India has emerged out as one among top ten improvers and for the first time ever, India has jumped 30 positions.
    5. India reached 100th ranked country in terms of ‘Ease of Doing Business’ amongst 190 countries.
    6. This manifests that India is fast adopting the best practices in regulatory framework for Ease of Doing Business at all fronts.

    As a part of revision for Prelims 2018, Here’s a Factoid to brush up your concepts

    Key words related to History : Parigraha

    Dynasty/era : Mahavira period

    Meaning : 1.Parigraha-parimana is one the 12 vratas or vows of a layperson in Jainism. Specifically, it is a vow to limit attachment to worldly possessions. 2.Unlike monks or ascetics who observe such vows more strictly, the layperson may make a vow to limit his or her attachment to certain possessions or a certain number of possessions, or they may vow to limit attachment for a specified period of time.


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