Deregulation Commission for India's growth: An idea whose time has come

But it will work only if it has both central & state-based regulations within its remit with active participation by all states

In her Budget speech, the Union finance minister stated that the government was determined to ensure that regulations kept up with technological innovations and global policy developments. 

 

A high-level committee to deal with regulatory reforms is proposed to be set up to review all non-financial sector regulations, certifications, licenses, and permissions. The committee will be expected to make its recommendations within a year. The objective is to strengthen trust-based economic governance and take transformational measures to enhance ‘ease of doing business’, especially in matters of inspections and compliances. 

 

The Prime Minister made it even better. In his address in one