National Rating Agency

Objective:
To foster healthy competition among similar entities.
It can help creating healthy competition among states, ministries, PSUs, Academic instituitions, etc.

Structure:
Organization which will regularly rate various entities in similar category. It can be independent entity
or be shared with one academic instituition.

Tasks.
Every fixed time period,
1. It should rank all indian states, in terms of ease of doing business, law and order etc.
2. It should rank all academic institutes in terms of quality of education, job opportunities, innovations etc.
3. It should rank all PSUs based on efficieny, performance and innovation.

Benefits.
It will create healthy competition among states, PSUs,academic institutes as it will be indirect measure of chief
administrator of that entity. This formula can be applied in any environment to improve performance.