The Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February 1st, 2025 at 11:00 AM before the Parliament. In the budget, FM unveiled a series of regulatory reforms in the financial sector aimed at bolstering economic growth and enhancing global competitiveness.
The FM proposed the reformation by constituting a High-Level Committee for Regulatory Reforms for a review of all non-financial sector regulations, certifications, licenses, and permissions. The committee will be expected make recommendations within a year. The objective is to strengthen trust-based economic governance and take transformational measures to enhance ‘ease of doing business’, especially in matters of inspections and compliances. States will be encouraged to join in this endeavour.
Read More: Union Budget 2025: Key Highlights
An Investment Friendliness Index of States will be launched in 2025 to further the spirit of competitive cooperative federalism. Under the Financial Stability and Development Council (FSDC), a mechanism will be set up to evaluate impact of the current financial regulations and subsidiary instructions. It will also formulate a framework to enhance their responsiveness and development of the financial sector.
Union Budget 2025: In-Depth Analysis for Strategic Insights, click here
In the Jan Vishwas Act 2023, more than 180 legal provisions were decriminalized. Our Government will now bring up the Jan Vishwas Bill 2.0 to decriminalize more than 100 provisions in various laws.
Read More: [BREAKING] No Income Tax upto Rs. 12 Lakh Income, proposes FM during Budget 2025
With an emphasis on increasing efficiency, encouraging innovation, and fortifying regulatory structures to support sustainable economic growth, the budget lays out ideas for revolutionary financial sector reforms. These programs demonstrate the government’s dedication to building a stronger and more vibrant financial sector, encouraging investor trust, and establishing India as a major economic force in the world.
Union Budget 2025: In-Depth Analysis for Strategic Insights, click here
Significant regulatory changes have been made to India’s financial system to improve efficiency, stability, and openness while fostering investor confidence and economic progress. These changes cover financial markets, banking, insurance, and fintech in order to address new risks and conform to international best practices.
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