The Cabinet Committee on Investments has been set-up to address which of the following___?
[A]To submit a report on the hurdles creating bottle-necks on the economy
[B]To boost big ticket investments and untangle red-tapism
[C]To fast track disinvestment in PSUs
[D]To attract foreign investment into India to attract foreign investment into India
To boost big ticket investments and untangle red-tapism
The Cabinet committee on investments was set-up to clear lakhs of crores of projects with huge private investments held up in various ministries for approvals such as environmental clearance and other departmental clearance. It aims at removing the red- tapism and provides a one-stop –shop for all investment requirements and clearance. Recently, US law makers and businesses have accused both the Indian policy makers as well as Courts stating “India is the international outlier” when it comes to protecting intellectual property (IP) rights.