The World Bank April 11 suggested improvement of regulatory framework to increase compliance of environmental guidelines by corporate, SMEs and units in the unorganized sector. India needs to “explore innovative regulatory approaches to overcome the lack of credible sanctions,” said the World Bank in a report. The average compliance ratio of industries monitored with respect to environmental standards was 50 percent, said World Bank’s Lead Environmental Economist and Team Leader of the report, Kseniya Lvovsky. (Asia Pulse)

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