: Govt recognises 7 states top achievers under BRAP assessment #finance #StockMarketNEWS Govt recognises 7 states top achievers under BRAP assessment New Delhi, June 30 (KNN) Based on the implementation

Govt recognises 7 states top achievers under BRAP assessment #finance #StockMarketNEWS
Govt recognises 7 states top achievers under BRAP assessment New Delhi, June 30 (KNN) Based on the implementation of Business Reforms Action Plan (BRAP) 2020, Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana as top achievers.

Union Finance Minister Nirmala Sitharaman announced the assessment of States/UTs under BRAP 2020, the 5th edition of the BRAP exercise in New Delhi on Thursday.

States like Himachal Pradesh, Madhya Pradesh, Maharashtra, Odisha, Uttarakhand and Uttar Pradesh made it under the achievers category.

While Assam, Chhattisgarh, Goa, Jharkhand, Kerala, Rajasthan and West Bengal have been placed in the Aspirers category.

Andaman & Nicobar, Bihar, Chandigarh, Daman & Diu, Dadra & Nagar Haveli, Delhi, Jammu & Kashmir, Manipur, Meghalaya, Nagaland, Puducherry and Tripura have been clubbed under the Emerging Business Ecosystems category.

Speaking after release of assessment report, the finance minister said that the nature of reforms had undergone change since 1991.

“The reforms now taking place are responsive reforms. The objective is to see what will bring out improvement in systems and ensure better lives for us. An element of nudge has been brought into every layer of the government. Nudging can not be by the government only and the industry has a big role to play there,” she added.

The Finance Minister appreciated the changes brought in the assessment framework of implementation under the Business Reforms Action Plan over years.

Present at the event, Piyush Goyal, Minister for Commerce & Industry said that the assessment has evolved from evidence-based to 100% feedback in multilingual format.

He said that the purpose of this BRAP exercise is to infuse a culture of learning from each other’s best practices and improve upon the business climate in each State/UT with a unified objective for India to emerge as a most favoured Investment Destination across the globe.

DPIIT since 2014 has been assessing States/UTs based on their performance in implementation of prescribed reforms in Business Reforms Action Plan (BRAP) exercise.

Till date, assessment of States/UTs have been released for the years 2015, 2016, 2017-18 and 2019. (KNN Bureau)