
DOING BUSINESS: ROAD AHEAD (CS SHUBHAM BUDHIRAJA & CS SAMEER GAHLOT) वसुधैव कुटुम्बकम् - The world is one family HISTORY & INTRODUCTION: The doing business has its origins way back to 2002 where first paper published in Quarterly Journal of Economics (Harvard University) by Simeon Djankov and others on titled – “The regulation of entry” in which they did analysis of 85 countries on various parameters and concluding the impact of entry barrier to a new business entity and its effect on economy. They compared it with prudent economic theories and come up with a conclusion that "Countries with heavier regulation of entry have higher corruption and larger unofficial economies, but no better quality of public or private goods. Countries with more democratic and limited governments have lighter regulation of entry." In order to understand the menace and articulation of doing business and to have its understanding i...