Budget 2020: Single investment clearance window to be set up for promoting entrepreneurship

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The government will create a single investment cell to expedite grant of licences and promote entrepreneurship.

Finance minister Nirmala Sitharaman has also announced 5 new smart cities for promoting entreprenuership. The smart cities will be created through a PPP model with states.

The move will merge all licences required to set up buisness in India into a single hub and expedite the ease of doing buinsess.

India’s ranking has jumped from 142 in 2014 to 63 in 2019 on the World Bank’s ‘Doing Business’ survey.