NEW DELHI, Aug 18: The Prime Minister Narendra Modi on Monday set the ball rolling on next-generation reforms by chairing a meeting with top ministers, secretaries and economists to discuss the roadmap to achieve the promised goal.
The Union Ministers Amit Shah, Rajnath Singh, Nitin Gadkari, Shivraj Singh Chouhan, Nirmala Sitharaman, and Piyush Goyal, among others, were present at the high-level meeting. In a post on X after the meeting, the Prime Minister said his government was committed to speedy reforms across all sectors, which would boost Ease of Living, Ease of Doing Business and prosperity.
“Chaired a meeting to discuss the roadmap for Next-Generation Reforms. We are committed to speedy reforms across all sectors, which will boost Ease of Living, Ease of Doing Business and prosperity,” PM Modi wrote.
In his Independence Day speech, PM Modi had announced the formation of a Task Force for Next-Generation Economic Reforms, aimed at overhauling laws, rules, and procedures that govern economic activity. He highlighted that the government has already abolished over 40,000 unnecessary compliances and 1,500 outdated laws, and in the latest parliamentary session, over 280 provisions were removed.
The PM emphasized that the government was committed to creating a modern, efficient, and citizen-friendly ecosystem, where laws, regulations, and processes are simplified, entrepreneurship is encouraged, and every Indian can contribute to building a Viksit Bharat.
The Task Force will work within a set timeline to: Reduce compliance costs for start-ups, MSMEs, and entrepreneurs; Provide freedom from fear of arbitrary legal actions; and Ensure laws are streamlined for ease of doing business.
Looking ahead, Next-Generation GST reforms by Diwali will reduce taxes on daily essentials, benefiting MSMEs, local vendors, and consumers, while simultaneously stimulating economic growth and creating a more efficient, citizen-friendly economy, PM Modi had said.
(Manas Dasgupta)