When the biggies stumble…
ECONOMY & POLICY

When the biggies stumble…

The World Bank’s decision to discontinue the ‘Ease of Doing Business’ report has brought to the fore questions regarding the authority of the entity – and others like it- to analyse such criterion in the first place.

This doesn’t just apply to the World Bank.

In India, a close parallel would be the authority given by the government to the Project Monitoring Group (PMG), formed to lend support to projects with investment above Rs 1000 crore. This move was commended by industry bodies in the country – Confederation of Indian Industries (CII), FICCI, NITI Aayog/Department of Industrial Policy (DIPP) and Promotion, despite the backdrop of political unrest. As you will go on to read, in a letter to the Prime Minister, FICCI had, quite literally, waxed eloquent about the entity.

Domestic parallel

The PMG was viewed by many as being analogous to the ease-of-doing-business model. And with good reason. In a little over a year, the entity had fast-tracked projects worth more than Rs 5 lakh crore. It was also proactive in lending support to smaller businesses.

However, the question here is not about the merit or demerit of any institution, big or small. It confronts the hype – and unquestioning support - associated with them. Anil Swarup takes a hard look – and forces us to do the same - at what can be best called a parody of the word “democracy”. It is not as though there is a deficit of platforms or podiums where issues like this should be raised and addressed. It’s just that the average man– the only person who can really rate the ease of doing business in his hometown and country – is afraid to speak up.

Read on to know more…

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The World Bank’s decision to discontinue the ‘Ease of Doing Business’ report has brought to the fore questions regarding the authority of the entity – and others like it- to analyse such criterion in the first place. This doesn’t just apply to the World Bank. In India, a close parallel would be the authority given by the government to the Project Monitoring Group (PMG), formed to lend support to projects with investment above Rs 1000 crore. This move was commended by industry bodies in the country – Confederation of Indian Industries (CII), FICCI, NITI Aayog/Department of Industrial Policy (DIPP) and Promotion, despite the backdrop of political unrest. As you will go on to read, in a letter to the Prime Minister, FICCI had, quite literally, waxed eloquent about the entity. Domestic parallel The PMG was viewed by many as being analogous to the ease-of-doing-business model. And with good reason. In a little over a year, the entity had fast-tracked projects worth more than Rs 5 lakh crore. It was also proactive in lending support to smaller businesses. However, the question here is not about the merit or demerit of any institution, big or small. It confronts the hype – and unquestioning support - associated with them. Anil Swarup takes a hard look – and forces us to do the same - at what can be best called a parody of the word “democracy”. It is not as though there is a deficit of platforms or podiums where issues like this should be raised and addressed. It’s just that the average man– the only person who can really rate the ease of doing business in his hometown and country – is afraid to speak up. Read on to know more…

Next Story
Real Estate

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Next Story
Real Estate

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Next Story
Infrastructure Urban

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement