Summary:

The Centre is preparing to release the Business Reforms Action Plan (BRAP) 2024, a significant regulatory reform aimed at increasing the ease of doing business in India and supporting the Make in India initiative. BRAP 2024, led by the Department for Promotion of Industry and Internal Trade (DPIIT), will implement business-friendly reforms that align with key government initiatives, such as reducing compliance burdens and decriminalization, while incorporating elements from the World Bank's B-READY program and emphasizing competitive federalism.

The 2024 Business Reforms Action Plan broadens its scope to include critical areas such as labor, the environment, taxation, land administration, and utility licenses, as well as new focuses such as information and communication technology (ICT). BRAP 2024 intends to improve transparency and efficiency by lowering clearance delays and increasing online service delivery via platforms like the National Single Window System and PM Gati Shakti. Key reforms, including the Information Wizard, Single Window Systems, and online building approval systems, are implemented to streamline operations and encourage global investment.

Source: IBEF 

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