Ajay Shankar Committee recommendations on Prior Permission and Regulatory Mechanisms
Recently an expert committee constituted by DIPP to examine the possibility of replacing multiple prior permissions with a pre-existing regulatory mechanism with adequate safeguards submitted its report.
Background
Presently rigid rules and regulations, multiple prior permission, system of government certification or clearance on various areas increases the transaction cost for companies which makes it difficult more a company to start a business in India. No wonder India is ranked 130th in the ease of doing business. This committee was constituted to improve the above mentioned situation.
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