Committee for Global Funds

Ministry of Commerce & Industry

Posted On: 11 FEB 2019 1:00PM by PIB Delhi

A Better Regulatory Advisory Group was constituted under the chairmanship of Secretary, Department for Promotion of Industry & Internal Trade on 27.10.2017 to identify the regulatory and procedural issues hindering investments by the domestic and foreign companies.  The following sub-groups were formed to recommend measures for developing a better mechanism for fast-tracking such investments:

i. Income-tax

ii. Goods and Services Tax

iii. Corporate Laws

iv. Financial Securities Laws

v. Regulatory Impact Assessment

vi. MSME

The recommendations received from the Group were shared with the concerned Ministries and Departments for implementation. However, no specific timeline was set for implementation of these reform measures.

This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in written reply in the Lok Sabha today.

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MM/SB