Budget 2025: More reforms to give ease of business a leg up
regulatory reforms to review all non-financial sector regulations, certifications, licences and permissions, and launch an Investment Friendliness Index of States this year.
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The committee is likely to make recommendations to enhance ease of doing business, especially in matters of inspections and compliances, in a year.
«A light-touch regulatory framework based on principles and trust will unleash productivity and employment. Through this framework, we will update regulations that were made under old laws,» FM Nirmala Sitharaman said in her budget speech.
Impact evaluation of the current financial regulations under the Financial Stability and Development Council and decriminalisation of more than 100 provisions in various laws under Jan Vishwas 2.0 are also part of this plan.
Requirements and procedures for speedy approval of company mergers will be rationalised. The scope for fast-track mergers will also be widened and the process made simpler.
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