<h1>Government forms task force to recommend economic reforms and legal updates for growth by 2047</h1> The government announced the formation of a task force to recommend next-generation reforms aimed at fostering economic growth and achieving developed nation status by 2047. The task force will work within a specified timeframe to update existing laws to meet contemporary needs. Recent reforms include changes in foreign direct investment policies, reduction of compliance burdens, elimination of obsolete laws, simplification of regulations, and amendments to income tax laws. Additionally, a bill to decriminalize minor offenses is scheduled for introduction in Parliament. The initiative reflects a continued commitment to legal and regulatory reform to support national development goals.