Prime Minister Narendra Modi announced the creation of a Deregulation Commission aimed at minimizing the role of the state in governance, eliminating bureaucratic hurdles, and promoting ease of doing business. This initiative is part of the broader vision to transform India into a more business-friendly economy.

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• The Deregulation Commission will focus on reducing government interference in business and governance.
• The commission aims to eliminate outdated regulations and simplify governance structures.
• India has already removed hundreds of outdated compliances through initiatives like Jan Vishwas 2.0.
• Private sector participation in sectors like nuclear energy, space exploration, and commercial mining will be encouraged.
• Modi emphasized property rights reforms through the Svamitva Yojana to boost economic growth in rural areas.
• The Svamitva Yojana uses drone and GIS technology to survey land and provide legal documentation for rural properties.
• 3 lakh villages have been surveyed, and 2.25 lakh property cards distributed, unlocking assets worth ₹100 lakh crore.
• India’s shift towards performance-driven politics has resulted in 25 crore people rising out of poverty.
• The Mudra Yojana has disbursed ₹32 lakh crore to small businesses, boosting public sector banks’ profitability.
• India’s economic growth is accelerating, with the country projected to become the third-largest economy in the world soon.
• The government has introduced legal reforms like the Bharatiya Nyaya Sanhita (BNS) to speed up justice delivery and reduce case backlogs.