Next phase of Ease of Doing Business, Ease of Living to be launched

New Delhi: The Central government plans to launch the next phase of ‘Ease of Doing Business’ as well as ‘Ease of Living’, Finance Minister Nirmala Sitharaman said.

In her Budget speech to Parliament, the Finance Minister stated: “For the ‘Amrit Kaal’, the next phase of Ease of Doing Business, EODB 2.0 and Ease of Living, will be launched.”

“In our endeavor to improve productive efficiency of capital and human resources, we will follow the idea of ‘trust-based governance’.”

According to Sitharaman, the new phases will be guided by an active involvement of the states, digitisation of manual processes and interventions, integration of the central and state-level systems through I-T bridges, a single point access for all citizen-centric services, and a standardisation and removal of overlapping compliances.

“Crowdsourcing of suggestions and ground level assessment of the impact with active involvement of citizens and businesses will be encouraged.”

Besides, the Finance Minister stated that as a result of our government’s strong commitment for ‘minimum government and maximum governance’ over 25,000 compliances were reduced and 1,486 Union laws were repealed in recent years.

This, she stated, is the outcome of the government’s trust in the public along with measures such as ‘Ease of Doing Business’ (EODB).

 

India’s FY23 GDP to grow 8-8.5%: Eco Survey

New Delhi: India’s economy is expected to grow at 8-8.5 per cent in the next fiscal, said the Economic Survey 2021-22, which was presented in Parliament by Union Finance Minister Nirmala Sitharaman.

According to the Survey 2021-22, the building back of the economic momentum along with enhanced vaccination drive as well as the likely long-term benefits of supply-side reforms in the pipeline, the Indian economy is in a good position to witness GDP “growth of 8.0-8.5 per cent in 2022-23”.

“Growth in 2022-23 will be supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending.”

Image courtesy of (PIB)

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