Prime Minister Modi Announces Deregulation Commission to Enhance Business Environment
Prime Minister Narendra Modi unveiled plans for a deregulation commission to reduce government interference in business operations. He critiqued the previous Congress-led UPA government for their slow reform efforts and articulated the NDA government’s commitment to enhancing ease of doing business through various initiatives, including the GST and property rights reforms.
Prime Minister Narendra Modi announced the establishment of a deregulation commission aimed at diminishing the government’s role in governance, thereby enhancing the ease of doing business across the nation. He criticized the previous Congress-led UPA government for their slow reform measures, emphasizing that current reforms under his leadership stem from conviction rather than compulsion.
During his address at the ET Now Global Business Summit 2025, Prime Minister Modi highlighted the transformative changes made by the National Democratic Alliance (NDA) government, including the implementation of the Goods and Services Tax (GST). He noted the removal of numerous compliance requirements and the introduction of Jan Vishwas 2.0, a revised act focused on eliminating outdated regulations hampering business growth.
The Prime Minister expressed his belief that reduced government interference would benefit society, asserting that the government would pursue reforms with renewed vigor in its third term. He also expressed gratitude to voters in states such as Odisha and Maharashtra for their support, contributing to the vision of a “Viskit Bharat” or developed India.
Mr. Modi articulated India’s growing confidence on global platforms, as evidenced by its leadership role at the Artificial Intelligence Summit in Paris, and positioned India as a key player in future global discussions. He also presented the Svamitva Yojana, which utilized drone technology for land surveys in rural areas, significantly improving property rights and access to credit for millions.
The Prime Minister criticized the earlier government for stalling substantial reforms while asserting that the current administration’s reform agenda has propelled India to the position of the fifth-largest economy in the world. He confidently predicted that India would soon become the third-largest economy, having shifted from a developmental approach anchored in compulsion to one based on conviction.
In his remarks, Prime Minister Modi addressed lingering issues from the British colonial era, mentioning the outdated expression “justice delayed is justice denied,” that had not been substantially addressed until the introduction of the Bharatiya Nyaya Sanhita (BNS). He stated that the positive outcomes of such reforms have become apparent within a short span of months.
In summary, Prime Minister Modi’s announcement of a deregulation commission aims to enhance business efficiency by reducing government intervention. He emphasizes the shift in India’s reform mentality from compulsion to conviction, showcasing successes like the GST and the Svamitva Yojana. Modi’s government strives for a developed India while holding previous administrations accountable for their lack of decisive governance reforms.
Original Source: www.hindustantimes.com
