Newsinc24 Team 
The government has constituted an expert committee to examine and suggest appropriate measures to address regulatory and other issues to enable scaling up investments by venture capital and private equity investment. Finance Ministry said the six-member panel will be headed by former SEBI chairman M Damodaran. The committee will suggest measures to further accelerates investment into start-ups and sunrise sectors. In her Budget speech 2022-23, Finance Minister Nirmala Sitharaman proposed to set up an expert committee to examine and suggest appropriate measures to scale venture capital and private equity investments in India.
Those members are former whole-time director SEBI G Mahalingam, former member CBIC D P Nagendra Kumar, former Principal Commissioner Income Tax Ashish Verma, DG National Council of Applied Economic Research Poonam Gupta, and Director Arun Jaitley National Institute of Financial Management P R Acharya. The joint director of the Department of Economic Affairs under the Union finance ministry will coordinate the working of the committee. As per the terms of reference mentioned in the order, the committee would comprehensively study, using a systems approach, the end-to-end frictions and potential accelerants from regulatory policy and taxation to facilitate ease of investing as well as to encourage investments in India.
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