Ease of Doing Enterprise : Sri Lanka shifts up 11 locations

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Sri Lanka rose 11 locations within the World Financial institution’s 2019 Doing Enterprise index.

Sri Lanka is now ranked 100 amongst 190 economies within the ease of doing enterprise.

In response to the most recent World Financial institution annual rankings the island’s ease of doing enterprise rating, ranking from 0 to 100 rose to 61.22 from 59.42 final 12 months.

An announcement learn that Sri Lanka carried out 4 reforms which included making Coping with Building Permits simpler, whereas the introduction of on-line methods made it simpler to pay taxes in Sri Lanka and Bhutan.

India, in 77th place within the Doing Enterprise rankings, is the very best ranked economic system in South Asia, adopted by Bhutan at 81 and Sri Lanka at 100.

The World Financial institution stated Sri Lanka made coping with building permits extra streamlined and fewer time-consuming by launching a single window counter and enhancing the effectivity of acquiring certificates required to undertake a building undertaking.

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