Press Information Bureau

Government of India

Ministry of Corporate Affairs

30-August-2012 16:56 IST

Ranking by World Bank

As per the World Bank Report, India has been ranked at 132 amongst the sample 183 Countries. Recognising the need for Reforming the Regulatory Environment for doing business in India, a Committee under the Chairmanship of Shri. M. Damodaran has been constituted on 23.08.2012 by this ministry to extensively examine different areas of root functioning such as financial reforms, governance reforms, liberalized policy framework, process reforms etc, and to suggest a roadmap for improving business climate in India.

This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Lok Sabha today.

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Regulatory reform: committee formed to diagnose bottlenecks and propose a roadmap to improve the business climate. Constitution of a high-level expert committee to reform the regulatory environment for doing business in India by examining financial reform, governance reform, liberalized policy frameworks and process reform, and to suggest a coordinated roadmap to improve the business climate.