Sitharaman reaffirms push for regulatory reforms, trust-based governance to boost businesses, economy

Business and Finance Business and Finance

Wed, March 5, 2025

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Sitharaman reaffirms push for regulatory reforms, .. ust-based governance to boost businesses, economy

Sitharaman reaffirms push for regulatory reforms, trust-based governance to boost businesses, economy

^{Published on 2025-03-04 23:21:20 - MSN}

Highlighting the need for regulatory reforms, Sitharaman underscored that decriminalizing business-related offences would help industries operate with greater confidence by reducing legal risks.

Finance Minister Nirmala Sitharaman has emphasized the need for regulatory reforms and trust-based governance to enhance the ease of doing business and stimulate economic growth in India. Speaking at the CII Annual Business Summit 2023, she highlighted the government's commitment to simplifying regulations and reducing compliance burdens, which she believes will foster a more conducive environment for businesses. Sitharaman stressed that trust-based governance would not only encourage entrepreneurship but also ensure that regulatory frameworks are more adaptive and less intrusive, thereby promoting economic activities and attracting investments. She also mentioned ongoing efforts to decriminalize minor economic offenses, aiming to shift the focus from penalizing to facilitating business operations.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/financial-regulation/sitharaman-reaffirms-push-for-regulatory-reforms-trust-based-governance-to-boost-businesses-economy/ar-AA1AeqYw ]

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Sitharaman reaffirms push for regulatory reforms, trust-based governance to boost businesses, economy