All posts tagged: Deregulation

Blame govt, not just IndiGo for aviation crisis: CPI-M’s A A Rahim in Rajya Sabha

Blame govt, not just IndiGo for aviation crisis: CPI-M’s A A Rahim in Rajya Sabha

New Delhi, CPI-M leader A A Rahim on Wednesday held the union government responsible for the recent IndiGo crisis, arguing that it was the direct result of unchecked privatisation and deregulation that has turned India’s aviation sector into a duopoly. Blame govt, not just IndiGo for aviation crisis: CPI-M’s A A Rahim in Rajya Sabha He urged the government not to dilute Flight Duty Time Limitations rules to accommodate the airline. Raising the issue during Zero Hour in the Rajya Sabha, Rahim said the crisis was not IndiGo’s alone. “The sole culprit behind this huge crisis is the Union government. This is the direct outcome of the government’s neo-liberal economic policies, privatisation and deregulation of the Indian aviation sector,” he said. Pointing to market concentration, Rahim said IndiGo now operates 65.6 per cent of all flights while Air India handles 25.7 per cent. “More than 90 per cent of the Indian aviation sector is controlled by just two bosses, IndiGo and Tata,” he said. The CPI-M leader dismissed the government’s promise that Air India’s privatisation …

Rise above differences within while seeking deregulation: DPIIT Secretary cautions industry | Business News

Rise above differences within while seeking deregulation: DPIIT Secretary cautions industry | Business News

Urging the industry to keep national interest in mind while seeking deregulation, Department for Promotion of Industry and Internal Trade of India (DPIIT) Secretary Amardeep Singh Bhatia said on Wednesday that the government is working to boost the ease of doing business in the country, but some regulations are required, keeping orderly growth and public safety in mind. Bhatia said the DPIIT is working under a clear mandate to reduce compliance burden and that several bodies, including two high-level committees, are going into the details of deregulations required, but the industry needs to look at the entire sectoral growth rather than pursuing self-interest while providing inputs, he said. “I would also like to add a cautionary note that let us see realistically… while industry wants certain regulations to go away, there is also the larger public purpose which has to be kept in mind, like safety and orderly development. That purpose should not be lost sight of,” Bhatia cautioned. Often the suggestions that are critical for the overall growth of the sector are not received …

Centre to unveil deregulation panel for ‘ease of doing business 2.0’ plan | Latest News India

Centre to unveil deregulation panel for ‘ease of doing business 2.0’ plan | Latest News India

The Union government is likely to unveil a national deregulation commission by May this year to recommend a set of next-generation economic reforms aimed at easing rules, speeding up approvals, and dismantling barriers faced by businesses, especially smaller enterprises, an official with knowledge of the matter said. The focus of “ease of doing business 2.0” will be on micro, small and medium enterprises, or the MSME sector, which accounts for over a third of manufacturing output (35.4%). (ANI) The proposed commission, being conceptualised by a task force led by Union cabinet secretary TVS Somanathan, will suggest policies to roll out an “ease of doing business 2.0” plan to crank up growth amid challenging global conditions, an official said on condition of anonymity. Aside from Somanathan, the task force comprises key officials from the Niti Aayog and the Prime Minister’s Office, HT has learnt. The development comes days after Prime Minister Narendra Modi said that his government would constitute a deregulation commission to cut the role of the state in governance. “It is my conviction that …

Govt to set up deregulation commission to further reduce State’s role in governance: PM Modi

Govt to set up deregulation commission to further reduce State’s role in governance: PM Modi

Prime Minister Narendra Modi on Saturday (February 16, 2025) said the government will constitute a deregulation commission to further reduce the role of the state in all spheres of governance. Speaking at an event, PM Modi said the government has ended hundreds of compliances and now through Jan Vishwas 2.0, more archaic compliances are being reduced to promote ease of doing business. Also Read | Modi govt converted ease of doing business to unease in doing business: Congress “It is my conviction that there should be less interference of the government in the society. For this, the government is also going to constitute a Regulation Commission,” he said. The NDA government through its policies have been able to replace ‘Fear of Business’ with ‘Ease of Doing Business’, he said. Acknowledging that the role of the private sector is very important in the journey for Viksit Bharat, he said the government has opened many new sectors including nuclear energy, space, commercial mining and power distribution for investment and bring in efficiency. He exuded confidence that India …

Deregulation panel to reduce State’s role in governance: PM | Latest News India

Deregulation panel to reduce State’s role in governance: PM | Latest News India

A day after returning from his two-nation visit to France and the United States, Prime Minister Narendra Modi on Saturday said the Union government will constitute a deregulation commission to further reduce the role of the state in all spheres of governance and to promote ease of doing business. Taking a dig at previous governments, Modi said reforms under his administration are driven by “conviction” rather than “compulsion” earlier. Deregulation panel to reduce State’s role in governance: PM Speaking at ET Now Global Business Summit 2025, the Prime Minister said that over the past decade, the National Democratic Alliance (NDA) government has transformed the “fear of business” into “ease of doing business” through its policies. Listing out examples of reforms such as Goods and Services Tax (GST), Modi pointed out that the government has eliminated hundreds of compliances and is now further reducing compliances through Jan Vishwas 2.0 — a revised version of the Jan Vishwas Act, 2023 aimed at removing archaic provision hindering businesses’ growth. “It is my conviction that there should be less …