"Positive Impact On Ease Of Living": President Lists Centre's Steps On Economy

Addressing the nation on the eve of Independent Day, President Ram Nath Kovind said there is a special focus on public welfare schemes.

An improvement in Ease of Doing Business rankings has a positive impact on the countrymen's Ease of Living, President Ram Nath Kovind said today as he spoke of the government's steps to simplify investments in key sectors and its focus on public welfare schemes. Addressing the nation on the eve of Independence Day, the President said, "With abiding faith in the inherent capacity of the economy, the government has further simplified investments in defence, health, civil aviation, power and other sectors. The government's new initiatives to promote eco-friendly, renewable sources of energy, particularly solar power, have won praise around the world. If there is an improvement in the ease of doing business, it has a positive impact on the ease of living for all. In addition to these, special emphasis is being given to public welfare." The President also said there is a special focus on public welfare schemes. "For example, the dream of having a home of one's own is being realised, thanks to the Rupees 70,000 crore credit-linked subsidy scheme," he said. In the World Bank's Doing Business report of 2020, India ranked 63 in the ease of doing business.