Made mandatory by the Government from April 2015, to the promote MSMEs and Startups in the country.
However, besides passage by Parliament, it also requires ratification by at least half the number of the State Assemblies.
Despite uncertainties in the global economy, Indian economy stands out as a haven of macroeconomic stability: Central Statistics Office
Ministry of Environment also creates a new category of white industries that will not require environmental clearance.
To undertake regulatory reforms aimed at reducing inefficiencies and corruption.
Has fulfilled the mandate for which it was constituted