https://www.taxtmi.com/news?id=32155 The Economic Survey 2024-25 urges systematic deregulation to ease compliance burdens on MSMEs, arguing that excessive regulation limits formalisation, productivity, employment and innovation. It proposes a three-step state-led review process-identify regulations for reform, benchmark with other jurisdictions, and estimate firm-level regulatory costs-and advocates a state-driven EoDB 2.0 emphasizing liberalisation of standards, legal safeguards for enforcement, fee reduction, risk-based regulation, and continued digitisation to promote industrialisation and MSME competitiveness. en-us Fri, 31 Jan 2025 16:48:31 +0530 Fri, 31 Jan 2025 16:48:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32155 The Economic Survey 2024-25 urges systematic deregulation to ease compliance burdens on MSMEs, arguing that excessive regulation limits formalisation, productivity, employment and innovation. It proposes a three-step state-led review process-identify regulations for reform, benchmark with other jurisdictions, and estimate firm-level regulatory costs-and advocates a state-driven EoDB 2.0 emphasizing liberalisation of standards, legal safeguards for enforcement, fee reduction, risk-based regulation, and continued digitisation to promote industrialisation and MSME competitiveness. News - Fri, 31 Jan 2025 16:48:31 +0530 https://www.taxtmi.com/news?id=32155