New Delhi, Feb. 3 -- Edelweiss Mutual Fund's Managing Director and Chief Executive Officer (CEO) Radhika Gupta, on Sunday, February 2, reacted to US President Donald Trump's executive order, which mandates the removal of 10 existing rules to launch one new rule by any agency.

Gupta said that this move will not add extra to the cost of compliance as the old regulations will be let go to build new ones.

"This is brilliant. Keeps regulations up the curve, while not adding to the cost of compliance by letting old regulations pile up," said Radhika Gupta in her post on platform X.

The Edelweiss Mutual Fund Chief also gave an example of how this new order is similar to a mother asking to get rid of the old shoes before buying a new pair. Gup...