The government has constituted an expert committee to suggest ways for scaling up of VC/PE investments, as per a circular issued by Finance Ministry on September 13. The six-member panel will be headed by former SEBI chairman M Damodaran. The expert committee will examine and suggest appropriate measures to address regulatory and other issues to enable scaling up investments by Venture Capital and Private Equity Investment, the ministry said.
Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks
The committee, whose formation was originally announced by Finance Minister Nirmala Sitharaman in this year’s Union Budget, has been assigned the task of undertaking a comprehensive systemic study of the ‘end-to-end frictions’ and ‘potential accelerants’ from regulatory policy and taxation to facilitate ‘ease of investing’ as well as encouarage investments into India. The panel has also been asked to suggest measures to fast-track investments into start-ups and sunrise sectors, apart from any other areas that it identifies during the course of its deliberations and interactions with stakeholders. It has also been urged to study global best practices so as to recommend how to emulate them with ‘forward-looking measures and future-ready regulatory practices’.
Poonam Gupta, the director general of the National Council for Applied Economic Research (NCAER) as well as Former Reserve Bank of India executive director and SEBI member G. Mahalingam have been drafted in as members of the panel, along with former GST member of the Central Board of Indirect Taxes and Customs D.P. Nagendra Kumar. The terms of reference set by the Department of Economic Affairs in the Finance Ministry for the six-member committee, also include a review of the issues and compliance requirements faced by investors, with suggestions to simplify the state of affairs so as to grow the ‘alternative capital’ participation in the private equity and venture capital industry.
India's weather forecasting capabilities strengthened more as the new Regional Meteorological Centre (RMC) in Lucknow..…
In World, India has been also recognized as the "Land of Spices" because of the…
India has achieved the milestone as it secured the continued market access to the European…
As the Deserts are among the most fascinating geographical regions on the Earth. There are…
Respectable Union Commerce and Industry Minister Piyush Goyal has launched the BHAVYA Portal in New…
The National Zoological Park (NZP), New Delhi has launched the "NZP Saathi App" and Self-ticketing…