The rest of the top 10 performers are Singapore (85.24), Denmark (84.64), Hong Kong (84.22), Korea (84.14), Georgia (83.28), United States (82.75), United Kingdom (82.65), and Macedonia (81.55).
"The country performs best in the areas of enforcing contracts, with a global rank of 19, and protecting minority investors [26th place]".
The new ranking marks the fifth year-on-year improvement in the country's overall ranking since 2014 (under Jubilee Administration), moving 75 places from position 136 to position 61.
"It shows the UAE has best regulatory practices - such as construction permits, registration, trading across borders, getting electricity permits, getting credit and tax payment mechanism etc. - when it comes to doingbusiness". It said that the report should have also covered other credit bureaus such as the TransUnion Information Solutions, Inc., and Microfinance Information Data Sharing Inc., which holds the information of 13.7 million debtors. Jaitley also said the impact of GST has not been entirely accounted for in the ranking due to an early cut off date.
The report is themed: "Doing Business 2019: Training for Reform". Enforcing Contracts and Getting Electricity saw milestone reforms, with 49 and 26, respectively.
Meanwhile, China's score increased by 8.64 points compared with previous year, and it is one of the economies with the greatest improvement in the business environment.
The Confederation of Indian Industry, meanwhile, said in a statement: "We look forward to the continued momentum of business reforms and to supporting the government in its endeavour to make India among the top investment destinations". It also improved building quality control by introducing decennial liability and insurance.
In the last two or three years, "all the large emerging markets - such as China, India, Nigeria, South Africa, Indonesia, Russia - have taken on this agenda", according to Sylvia Solf, head of the World Bank Group's Reform Advisory Unit. It takes 69 days and costs about 8 per cent of the property value to register a property, compared to 20 days and 4.2 per cent among high income OECD economies.
Kenya also made resolving insolvency easier by facilitating the continuation of the debtor's business during insolvency proceedings, providing for equal treatment of creditors in reorganization proceedings and granting creditors greater participation in the insolvency proceedings. The country has moved over 60 places under the current government.
But the report advised Rwanda to improve its process of dealing with construction permits, an area where it ranked 106 globally. Further, India reduced the time and cost of export and import through various initiatives, including the implementation of electronic sealing of containers, the upgrading of port infrastructure and allowing electronic submission of supporting documents with digital signatures, it said.
Nigeria was ranked 145 in the 2017 report, however, this year, the country score went up by 1.37.
Punters are hoping champion mare Winx can make history on Saturday and claim her fourth straight Cox Plate victory. But, when asked how she pulled up, Chris Waller tells Alan Jones his horse is doing just fine.
Aisha Abu Daher said her 14-year-old son Abdel-Hamid had "nothing to do with resistance", referring to the militant factions. A preliminary probe by the Israeli army concluded that Israeli soldiers did not fire directly at the Palestinian medic.
Shortly after her speech, Winfrey posted videos on Instagram of herself going door to door canvassing for Abrams. Abrams is running on a campaign that includes Medicaid expansion, and "common-sense gun control", Winfrey noted.
Indian policemen gather next to the Statue of Unity at Kevadiya colony in Gujarat state, India , Wednesday, Oct. 31, 2018. Patel was known as the " Iron Man of India" for integrating various states in the post-independence era.
Anderson broke in the fourth game of the match to lead 3-1 when a powerful backhand forced an error from the fifth seed. The South African will also have London on his mind as he chases his second ATP crown of the year.
Another key addition will reportedly be a USB Type-C port, which will be able to output 4K HDR video to external displays. AirPower, which has seen numerous delays (as recently as last month), was removed nearly entirely from Apple's website.
Second letter was on using RBI's capital reserves and the third letter was on relaxing constraints on PCA banks for loans to SMEs. This did not go down well with the Centre, who said that they were 'upset' that the RBI publicly spoke about the rift.
The system that became Hurricane Kate formed southeast of the Bahamas on November 8, 2015, noted the WeatherBug blog . A front is still on track to push Oscar early this week and turn it quickly northeast before even reaching Bermuda.
Watch the Final Super Smash Bros
The presentation stated that the character is still in development and will be available several months after the game launches. The Nintendo Direct is still live, so we will update this post with more news as it comes.
Carabao Cup quarter-final draw: Arsenal to host Spurs
Arsene Wenger says taking charge of a Premier League club would be "odd" after teasing a return to management early next year. Wenger added he will "certainly not" manage in England again out of respect for Arsenal .