Budget 2022-23: Next phase of ease of living, doing business launched

To improve productive efficiency of capital and human resources, and follow the idea of ‘trust-based governance’, India will launch the next phase of Ease of Doing Business EODB 2.0 and Ease of Living.

Finance minister Nirmala Sitharaman in her 2022-12 Budget speech said that this new phase will be guided by an active involvement of the states, digitisation of manual processes and interventions, integration of the central and state-level systems through IT bridges, a single point access for all citizen-centric services, and a standardization and removal of overlapping compliances.

“In recent years, over 25,000 compliances were reduced and 1,486 Union laws were repealed,” Sitharaman said.

The minister added that crowdsourcing of suggestions and ground level assessment of the impact with active involvement of citizens and businesses will be encouraged.