<span style="color: #222222;">The Corporate Affairs Ministry has taken several initiatives for providing Ease of Doing Business to law-abiding corporates. </span><br />'' <br />'' <span style="color: #222222;">This is in pursuance of the objective of providing greater Ease of Doing Business, bring about greater transparency in corporate structure and fostering better corporate compliance to enhance the efficiency of the process under the Companies Act of 2013. </span><br />'' <br />'' <span style="color: #222222;">They include the creation of an institution of a robust Insolvency and Bankruptcy framework. India has improved its ranking on the World Bank's Doing Business 2020 report moving up 14 positions to 63rd position as compared to 77th position in 2018. </span><br />'' <br />'' <span style="color: #222222;">India's leap of 14 ranks in the Ease of Doing Business ranking is significant considering that there has been a continuous improvement since 2015 and for the third consecutive year India is amongst the top 10 improvers.<br />'' <br />'' The Ministry has contributed towards insolvency resolution. India's ranking jumped 56 places to 52 in 2019 from 108 in 2018. Recovery rate increased from 26.5 per cent in 2018 to 71.6 per cent in 2019. </span><br />'' <br />'' <span style="color: #222222;">The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was introduced in the Lok Sabha on 12th of December, 2019.</span>