Only 66 pc of registered companies are active: Official data
Nearly 66 per cent of 17.79 lakh companies registered in the country were active at the end of June, official data showed amid the government continuing its clampdown on shell entities
Intensifying the crackdown on illicit fund flows, the ministry struck off names of around 2.26 lakh companies last fiscal, from the official records for not carrying out business activities for long. Image source: Reuters