NEW DELHI, May 14 -- Q: We are still awaiting details of what exactly Uttar Pradesh (UP) and Madhya Pradesh (MP) want to get done? Of course these are ordinances that still require presidential assent and are awaiting approval from the central government. But I go back to the Economic Survey, the Economic Survey spoke of deregulation. You held up the Rajasthan example as a playbook to follow. Do you support what is being done by UP and Madhya Pradesh which is not deregulation, but a suspension of all laws?

A: It is important to keep in mind that there are two aspects to the changes in the labour laws that are being done at the state level. Firstly - the ease of compliance, for instance as you were mentioning there are a bunch of laws and ...