By The World Bank
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Extra resources for Doing Business in India 2009
In spite of bankruptcy laws in India being national, there are differences in the functioning of the judicial bodies across the states. 7 cents on the dollar. 7 years). 9 cents on the dollar. 1). There are variations in the speed and cost of the insolvency process and the recovery rates across Indian cities. It is easier to go through bankruptcy in Hyderabad and more difficult in Kolkata. 1). It costs between 7 and 10% of the estate value to go through the debt-recovery process, mostly due to attorney fees, newspaper publication costs, liquidator’s fees, and preservation costs.
The delays at each post are generally short, but can extend to several hours in some regions, adding time and unpredictability to road transport. The total number of checkpoints should be reduced and streamlined to the greatest extent possible. Continue investments in road and rail infrastructure An important obstacle to trade is poor road conditions and limited rail capacity. The largest part of inland transportation occurs via road, accounting for approximately 70% of all traffic. The government has acknowledged the importance of better road infrastructure and launched the ambitious National Highways Development Project in 1998 in order to improve and extend India’s highway network.
5) in Patna. Variations are driven by the size of the city and demand for real-estate lawyers, but the cost to the entrepreneur also depends on how many procedures he needs to hire a lawyer for. In cities where the procedures are simple, computerized, transparent and local officials are held accountable, entrepreneurs do not hire lawyers as often. 9 2009 Source: Doing Business database. 8% in Singapore. Some cities are cheaper than others. 4%). Much of the cost variations can be explained by differences in stamp-duty rates, registration costs for the final sale deed, and lawyers’ fees.