The deregulation commission, which should be established by mid-April, will work in close collaboration with states which have high compliance requirements, which hinder the completion of the project and investment entries.
The center has already set up a working group, led by the secretary of the TV Somanathan cabinet, with officials from Niti Aayog and PMO. This working group held its first meeting in January to describe the key areas of the reform, in particular the reduction of redundant documents, the digitization of proposals, accelerate unique window clearances and eliminate unnecessary approvals such as multiple certificates without objection (NOC).
“Many states have had projects stuck for years due to regulatory concerns, and they have raised this question themselves,” noted a manager.
The official added that the government has gradually de -regulatory at the federal level for a few years, but an aggressive thrust has been required on a national scale, in particular at the level of the state.
Prime Minister Narendra Modi recently reiterated the accent put by the government on the relaxation of regulatory charges. “We have ended hundreds of compliant, and now with Jan Vishwas 2.0, we reduce them more. To minimize government interference, a deregulation commission is also being created, “he said during an event organized by and Now.
While the Prime Minister underlined a reduced government intervention, sources suggest that the Commission will likely include professionals in policies acting as intermediaries between government and industry. However, superior bureaucrats, including the secretary of the cabinet and finance secretary, should play a crucial role in the supervision of the process, according to an official.
The Chief Economic Advisor V. Annantha Nageswaran also underlined the need for deregulation at national and local levels. Speaking during an assocham event on December 5, 2024, he stressed that the reduction of bureaucratic obstacles is essential for economic growth and the achievement of the objectives of employment and manufacturing of India.
In addition, the 2024-25 economic survey has strengthened the need for deregulation, especially for MPMs, to improve the ease of business. He proposed a three -step framework for states: identify redundant regulations, carry out comparative analyzes and assess the financial impact on companies.
