In News:

• The Indian government plans to align indicators of the BRAP 2024 index with the World Bank’s B-READY index to enhance business readiness rankings.
• State Involvement: States have been instructed to address gaps identified in the B-READY evaluations to improve their global rankings.
• Indicators Included: The upcoming 2024 BRAP rankings, prepared by the Department for Promotion of Industry and Internal Trade, will incorporate specific indicators from the B-READY index.
• Enterprise Survey Launch: An enterprise survey for the B-READY index in India is set to start in October, with support from the Ministry of Statistics and Programme Implementation.
• Participation Timeline: Although B-READY rankings will commence in 2024, India’s participation will begin in 2026. The initial rankings will cover 54 countries, expanding to 120 in 2025 and 180 in 2026.
• Successor to Previous Rankings: The B-READY index replaces the Ease of Doing Business rankings, which were discontinued in 2021 due to irregularities. It considers a broader range of factors in its assessments.
• Benchmark for Global Institutions: The B-READY framework will serve as a benchmark for global financial institutions and multinational companies to evaluate a country’s regulatory and policy environment.
• Historical Improvement: India improved its Ease of Doing Business ranking from 142 in 2014 to 63 in 2020.
• Technical Understanding: A team of government officials is tasked with understanding the technical aspects of the B-READY index to formulate strategies for improving India’s score.
• Lifecycle Parameters: The new index tracks ten parameters throughout a firm's lifecycle, including business entry, utility services, and labor, focusing on real-world applications rather than just legal changes.
• Recent BRAP Rankings: The BRAP 2022 rankings were recently announced, with Andhra Pradesh and Kerala achieving the top positions.

Why in the News?

Kozhikode, in Kerala, was named the ‘City of Literature’ by the Unesco Creative Cities Network (UCCN), making it the first such city in India.

About India’s First ‘City Of Literature’:

• Kozhikode (Kerala), has achieved global recognition by joining the UNESCO Creative Cities Network.
• It is now known as the 'City of Literature,' making it the first Indian city to receive this prestigious title.
• This recognition was awarded on World Cities Day, (31 October) along with Gwalior, Madhya Pradesh, which was designated a 'City of Music.'
• Prague was the first city to receive the 'City of Literature' title in 2014.

About UNESCO Creative Cities Network:

• The UNESCO Creative Cities Network is a global initiative established by the United Nations Educational, Scientific, and Cultural Organization (UNESCO) to recognize and promote cities that have made significant contributions to the development of creative industries and culture.
• The UNESCO Creative Cities Network now comprises 350 creative cities from over 100 countries.
• These cities represent seven creative fields, including Crafts and Folk Art, Design, Film, Gastronomy, Literature, Media Arts, and Music.
• Participation in the UNESCO Creative Cities Network provides cities with opportunities for international collaboration, knowledge sharing, and the exchange of best practices in creative and cultural endeavours.
• These cities serve as hubs for artistic expression, cultural preservation, and economic growth, making them vital players in the global creative economy.
• Through this network, cities work together to harness the power of culture and creativity to address common challenges and promote sustainable development, ultimately enhancing their status on the global stage.