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English Release 23-April 2014
Date Month Year
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased to US$ 107.08 per bbl on 22.4.2014

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Ministry of Corporate Affairs13-December, 2012 19:36 IST
The Concept and the Feasibility of Developing A Business Index

The Ministry of Corporate Affairs has undertaken a Pilot Study to examine the concept and the feasibility of developing a Business Index. Further details would emerge after completion of the pilot study and sharing its findings with concerned Ministries and Departments. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that as a part of the pilot study, a literature review has been taken up and a list of variables measuring the macroeconomic and the micro/business aspects of corporate performance to be drawn from primary and secondary sources has been broadly identified. The findings of the pilot study as a concept paper is under preparation.

The Business Index, if and when developed, would aim at measuring the overall business climate at regular intervals on the basis of well-defined basket of identifiable and measurable parameters. Shri Pilot informed the House that no private agency has so far been assigned any part of the pilot study.

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KKP
(Release ID :90648)

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