Prime Minister Narendra Modi on November 19, 2018 launched the Ease of Doing Business grand challenge on resolving seven identified ease of doing business problems with the use of cutting-edge technologies.
Ease of Doing Business Ranking
The Doing Business Ranking is an annual assessment conducted by the World Bank that measures aspects of regulation affecting 10 areas of the life of a business, evaluating 190 countries on 10 specific indicators.
The scores are based on the measures implemented by the Government departments, however, they also reflect the experience of industry users that is counted in the rankings.
The 10 indicators include starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority interests, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
EODB Grand Challenge
From a user’s perspective, ease of doing business signifies the ease of getting permission, license, registration or a service from a government agency. There are established processes within each government agency for issuing of such permissions or services.
Hence, the grand challenge seeks to invite innovative ideas from individuals, startups or other enterprises to implement artificial intelligence, Big Data Analytics, Internet of Things (IoT), Blockchain and other cutting-edge technologies for re-engineering related Government processes to eliminate physical interface, improve service delivery, enhance transparency and reduce cost and time.
Key Highlights
• The EODB grand challenge is open to all young Indians, start-ups and private enterprises. The main purpose is to provide solutions to complex problems using current technology.
• The platform for the grand challenge will be the Start-up India portal.
• The date for closing of applications is January 1, 2019 and the final results will be declared on February 1, 2019.
• The top 3 teams for each problem statement would be awarded cash prizes worth Rs 1 lakh, Rs 2 lakh and Rs 3 lakh respectively.
• The government would be working with all the winners for solution development and implementation.
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