The Centre is poised to unveil the Business Reforms Action Plan (BRAP) 2024, a significant regulatory overhaul aimed at enhancing the ease of doing business in India and bolstering the Make in India initiative. Spearheaded by the Department for Promotion of Industry and Internal Trade (DPIIT), this new framework promises to introduce business-friendly reforms that align with key government initiatives, such as reducing compliance burdens and decriminalization, while also integrating elements from the World Bank’s B-READY programme.

Originally launched in 2014-2015, BRAP has undergone six successful iterations, focusing on competitive federalism and evaluating states and union territories based on their reform implementations. This upcoming 2024 plan expands its scope significantly, addressing crucial sectors like labour, environment, taxes, land administration, and utility permits. Notably, it also introduces new areas of focus, including the adoption of information and communication technology (ICT), underscoring the government's commitment to modernizing business processes.

One of the primary objectives of BRAP 2024 is to emphasize the reduction of approval times and promote online service delivery. By leveraging platforms such as the National Single Window System and PM Gati Shakti, the initiative aims to create a more transparent and efficient business ecosystem. The comprehensive reforms include the Information Wizard, Single Window Systems, Online Building Permission Systems, and inspection and labour reforms, all designed to simplify processes and position India as a preferred global investment destination.

The introduction of the Information Wizard is particularly noteworthy as it serves as a digital guide for entrepreneurs, offering streamlined access to information about various regulatory requirements. The Single Window System aims to consolidate multiple approvals into a single platform, significantly reducing the time and effort required to initiate and operate a business.

With these reforms, the government is taking significant steps to enhance the ease of doing business in India, making it more conducive for both domestic and international investors. As the economy continues to evolve, BRAP 2024 represents a forward-looking approach that not only facilitates business operations but also aligns with global best practices.

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