New Delhi, Feb. 1 -- The Economic Survey 2024-25 on Friday mooted withdrawal of regulations or making compliance voluntary with disclosure where the market can do an effective job in the areas of health and education.
Pitching for "trust-based regulation", the survey said that tight regulations increase compliance and supervision burden on the already stretched state capacity.
Trust-based regulation backed up by transparency and disclosure on the part of the regulated deserves a chance, said the pre-Budget document while noting that regulatory institutions need to evolve to focus on allowing outcomes to happen without being fixated on inputs.
"The government's focus on rural infrastructure, housing, and livelihoods reflects a comprehensi...