Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.

This bill is part of the government's initiative to reform labour laws by amalgamating 44 legislations related to labourers.

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.

Growth can come back. Because of a lot of (reforms), economy is in transition, said SBI chief Rajnish Kumar.

Govt is working on bringing in the revised version of the scheme UDAY 2 which seeks to address power sector issues he added.