# RanchiMall Content Collaboration Output

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What is the report about and its importance

On 28 August, 2020, The World Bank said that it has decided to pause the publication of its Doing Business report. World Bank announced that it was temporarily causing the publication of its well known doing business report as it investigates a number of data irregularities that have been reported in the 2018 and 2020 reports. The World bank added that authorities of the countries that "were most affected by the data irregularities" have been informed and that the institution would "retrospectively correct the data of the countries that had been affected by the irregularities." "The changes in the data were inconsistent with the Doing Business methodology." A Wall Street Journal report on the development and indicated that China, Azerbaijan, UAE and Saudi Arabia are among nations that may have had data "inappropriately altered". While the World Bank halts report on National Competitiveness Ranking amid Concerns of Data Manipulation.

Why is this a bad news for India, China and Pakistan

World Bank has decided to pause the "Ease of doing business." This is being done due to inappropriately altered data by some of the countries in previous report of 2017 and 2019 for the year 2018 and 2020 respectively. The headquarter of world bank is situated in United States. US media reports about the 4 country whose data are irregularity UAE, China Azerbaijan and Saudi Arabia. World Bank official said, doing business indicator are designed to help to improve the overall business environment Importing and exporting became easier for companies for the fourth consecutive year. With the latest reforms, India now ranks. The time necessary for the logistical processes of exporting and importing goods has been significantly reduced. India's rank has been improving consistently since 2014 in doing business reports. As in 2014, India was in 142th position, and in 2019 reports India's went 14 steps up in index of world Bank's report and stood at 63rd position. "We do not worry about world Bank's reported decision regarding revaluation of previous data of 'doing business,' as India is not one of the marked countries," said DPIIT. Anything that will happen after evaluation on reports of the four countries will lead to a increase India's ranking. There will be no change in reform agenda of the country as government not only focuses on metropolitan cities but also on rural development. But where as when it comes on foreign investments, this report help the host country to invite investors on the basis of their ranking. This represents the ease of starting and doing business in their country. As India and Pakistan are developing countries this ranking system represent their progress report which will get hampered. And if we talk about China, China is one among the four countries whose data are found manipulative. This can destroy China's reputation in global platform.