A
Committee under the Chairmanship of Shri M. Damodaran was constituted to
suggest measures for a roadmap for improving business climate in India. Giving
this information in written reply to a question in the Lok Sabha today, Shri
Sachin Pilot, Minister for Corporate Affairs, said that the Committee has since
submitted its report to the Central Government recommending
(a) legal
reforms
(b) regulatory
architecture
(c) boosting
efficacy of regulatory process
(d) enabling
Micro, Small and Medium Enterprises (MSMEs) and
(e) addressing
state level issues.
The
report was also placed on the website of the Ministry of Corporate Affairs and
shared with different Ministries and Departments for implementation of those
aspects which fall under their jurisdictions. Shri Pilot informed the House
that most of the recommendations of the Committee have been taken into account
in the Companies Act, 2013.
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