Panel set up to improve India's business climate: Govt

The government has set up a panel of corporate leaders and other experts - under the chairmanship of former Securities and Exchange Board of India (Sebi) chief M Damodaran - to suggest ways to improve business climate in India.

The move comes after India ranked 132 on World Bank's 'Doing Business' list of 183 countries.

Minister of State of Corporate Affairs R P N Singh replied in the affirmative to a question on whether the government has taken note of the dismal ranking of India in the World Bank list.

"... a committee under the Chairmanship of M Damodaran has been constituted on August 23, by the Ministry of Corporate Affairs to extensively examine different areas of root functioning the such as financial reforms, governance reforms, liberalised policy framework, process reforms etc, and to suggest a roadmap for improving business climate in India," Singh said.

with inputs from PTI