India, Feb. 1 -- The government has announced new reforms in Budget 2025 to improve the ease of doing business. The focus is on modernising regulations and creating a trust-based framework.

In her budget speech 2025 on Saturday (February 1), finance minister Nirmala Sitharaman said a "light-touch regulatory framework" will keep up with technology and global trends. She said it would create a business-friendly environment.

Four key steps will be taken in this direction:

High-Level Committee For Regulatory Reforms: A high-level committee will review regulations, licences, and certifications in the non-financial sector. It will submit recommendations within a year. The goal is to streamline compliance and inspections. States will be encou...