The 2015 World Bank group's Doing Business index ranked India at 142, down from 140, which it was the year before.
A key government official involved in initiatives to make doing business in the country easier said improving the ranking to 50th in a year was not possible but the country could certainly do that over two years.
Companies that are listed or are in the process of being listed, and have a net worth of at least Rs 500 crore, must adopt these standards from April 1, 2016.
The move is aimed at making it easier to do business in India.
Zopper, a price comparison site, with 2,000 online and 200,000 offline merchants on board, aims to increase user activity 100 times in 3 years.
Relief would only be for unlisted companies; listed ones already have to prepare statements once a year.
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