<h1>Damodaran Committee Recommends Legal Reforms and Support for MSMEs to Boost India's Business Environment.</h1> A committee led by M. Damodaran was established to propose measures for enhancing India's business environment. The committee's report recommended legal reforms, improvements in regulatory frameworks, increased regulatory efficiency, support for Micro, Small and Medium Enterprises (MSMEs), and solutions for state-level issues. The report was made available on the Ministry of Corporate Affairs' website and shared with relevant ministries and departments for implementation. According to Minister for Corporate Affairs, most of these recommendations have been incorporated into the Companies Act, 2013.