MALUKA IAS
FACTLY
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Date: 01st November
Ease of Doing Business Index
  • India jumps to 77th rank in the Ease of Doing Business Index.
  • The Index ranks 190 countries based on 10 indicators across the life-cycle of a business, from “starting a business” to “resolving insolvency”.
  • 10 parameters – Starting a business, Construction permits, Getting Credit, Protecting minority investors, Paying taxes, Getting electricity, Registering property, Border trade, Enforcing contracts, Resolving insolvency.
Section 7 of the RBI Act
  • It subject to any such directions, the general superintendence and direction of the affairs and business of the Bank shall be entrusted to a Central Board of Directors which may exercise all powers and do all acts and things which may be exercised or done by the Bank.
  • This Central Board of Directors, as per the Act, comprises a Governor and (not more than four) Deputy Governors to be appointed by the Centre, four Directors to be nominated by the Centre and one government officials nominated by the Centre.
  • Giving control of the RBI to its Board of Directors effectively gives control to the Central Government.