<h1>Expert Committee Formed to Simplify Industrial Permissions, Explore New Regulatory Framework, and Draft Legislation for Streamlined Approvals.</h1> An Expert Committee has been established by the Department of Industrial Policy and Promotion, with approval from the competent authority, to explore replacing multiple prior permissions with a pre-existing regulatory mechanism. The committee's tasks include studying current permission requirements, assessing the feasibility of a new regulatory framework, identifying necessary safeguards, recommending a framework for the new system, and drafting proposed legislation. This initiative follows the Finance Minister's budget speech announcement and was detailed by the Minister of State in the Ministry of Commerce and Industry in a written reply to the Rajya Sabha.