01 July,2009 04:05 PM IST | | MiD DAY Correspondent
Raj Thackeray's Maharashtra Navnirman Sena (MNS) may be upset with North Indians for flooding the city in large numbers. Shiv Sena was the first one to initiate Marathi Manoos slogan.
However, World Bank's recent report may not go down well with either MNS or the Sena. According to a World Bank ranking announced on Tuesday, Patna is a better place than Mumbai to start a business.
Doing Business in India 2009, is a report jointly brought out by World Bank and International Finance Corporation.
Nevertheless, the report suggests that starting a business was fastest in Mumbai and Noida, but in terms of cost, business start-up is least expensive in Patna.
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Bhubaneshwar, Hyderabad and Jaipur andu00a0 are the other cities where it is easier to start a business.
Starting a business measures the necessary steps to enable small or medium enterprise in general commercial or industrial activities to operate legally in 17 Indian cities - including permits, inscriptions, notifications and inspections.
The report finds Ludhiana to be the easiest place to a business, followed by Hyderabad, Bhubaneshwar, Gurgaon, Ahmedabad, New Delhi, Jaipur and Guwahati.
Of the 17 cities considered, Patna was ranked 14th, above Chennai, which stood at 15th position, while Kolkata was at the bottom of the list.
The cities are ranked considering seven parameters - starting a business, dealing with construction permits, registering property, paying taxes, trading across borders, enforcing contracts and closing a business.
However, the rankings do not take into account the macroeconomic conditions, infrastructure, workforce skills or security.
The report said that it is easier to start and operate business in India than it was three years ago in many large cities of the country.
"Reforms that cut red tape, clarify property rights, and streamline regulatory compliance, can yield big payoff for firms and workers," World Bank group financial and private sector development Acting Vice-President Penelope Brook said in a CII function.
