Prime Minister Narendra Modi on Saturday announced the setting up of a deregulation commission aimed at reducing the compliance burden on society and minimising government interference. Speaking at the ET Now Global Business Summit, Modi said, “We have ended hundreds of compliances, and now with Jan Vishwas 2.0, we are further reducing compliances. To reduce government interference in society, a deregulation commission is also being established.”

The Prime Minister also noted the tax relief announced in the latest Union Budget, aimed at bolstering the middle class and boosting economic activity. “To support the middle class, we have increased the limit of ‘zero tax’ from Rs 7 lakh to Rs 12 lakh in this year’s budget. Due to this decision, the entire middle class would be strengthened, and economic activity in the country will increase further. This has been made possible because of a proactive and sensitive government,” he stated.