New Delhi:A government panel will look at ways of reforming the regulatory environment in order to try and make it easier to do business in the country.
The committee will examine regulations that govern various areas, according to a release issued by the corporate affairs ministry on Friday.
“India’s international ranking among countries ranked by the ease of doing business is very low. We want to see India in the top 5 or 10,” corporate affairs minister M. Veerappa Moily said on Friday.
The 20-member committee is headed by M. Damodaran, a former chairman of the Securities and Exchange Board of India (Sebi) and includes Y.C. Deveshwar, chairman of ITC Ltd, Ishaat Hussain, director of Tata Sons Ltd, K.V. Kamath, chairman of Infosys Ltd, Kumar Mangalam Birla, chairman of Aditya Birla Group, and R.K. Pachauri, vice chairman, The Energy and Resources Institute (TERI).
It also includes officials from the ministries of corporate affairs, finance, power, petroleum, highways, commerce, and urban development, Sebi and the Reserve Bank of India.
The World Bank’s ‘Doing Business’ report for 2012 ranks India 132 among 183 countries in the ease of doing business. In 2010, India was ranked 139.