Centre Setting Up Biz Regulatory Framework
Business Reforms Action Plan (BRAP) 2024 aims at enhancing ease of doing business
New Delhi: The central government on Monday said that the Business Reforms Action Plan (BRAP) 2024 is set to establish a seamless business regulatory framework, enhancing the ease of doing business (EoDB) and further strengthening the ‘Make in India’ initiative.
The action plan aligns with key government initiatives such as the reducing compliance burden (RCB) and decriminalisation, while also integrating elements from the World Bank’s upcoming B-READY programme.
According to the Ministry of Commerce and Industry, this convergence will streamline regulatory processes, bolster economic growth and foster greater investor confidence in India’s business landscape.
The action plan, led by the Department for Promotion of Industry and Internal Trade (DPIIT), introduces next-generation reforms that address the needs of both businesses and citizens.