#WeeklyNewsRoundUp: India Jumps 30 Places To 100 In Ease Of Doing Business Ranking

India has jumped 30 places to rank 100th in the World Bank's Ease of Doing Business ranking, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution. However, India still lags in areas such as starting a business, enforcing contracts and dealing with construction permits. Ranked 154 on this parameter, India has fallen 16 places on ease of registering property.

***

The Railways is working on a proposal to create a suburban railway network for Bengaluru, much like the one in Mumbai, to decongest the city and link it to the airport. The RITES had already finalised an initial conceptual plan with drawings of how the project will look like, where the routes will be and with height and elevation details.

***

The government is developing a comprehensive 25-year masterplan for airports in the country to keep pace with air traffic growth. The masterplan will delve into the need for multiple airports in cities, revised and refined agreements with airport operators, providing attractive opportunities for operating existing airports, offering multiple existing airports as part of a package for bidding as well as scaling up the Airports Authority of India.

***

The Haryana Urban Development Authority (HUDA) has sold a 10-acre plot in Gurgaon to Swedish furniture-maker IKEA for around Rs 842 crore in its single-largest property auction till date. The site was put for e-auction on October 6 this year. The bidding took place on October 31.

***

The deadline for setting up of the Haryana Real Estate Regulatory Authority (RERA) has been pushed back by a month again. The authority is now expected to go live only by November-end. The state notified the rules in this regard in July.

Source: Media reports