In a major push to further strengthen the Make in India initiative, the Business Reforms Action Plan (BRAP) 2024 is set to establish a seamless business regulatory framework across the country, enhancing the ease of doing business. Led by the Department for Promotion of Industry and Internal Trade (DPIIT), BRAP 2024 introduces next-generation reforms that address the needs of both businesses and citizens. Building on the successes of previous editions, BRAP 2024 aligns with key government initiatives such as the Reducing Compliance Burden (RCB) and Decriminalisation, while also integrating elements from the World Bank’s upcoming B-READY program. This convergence will streamline regulatory processes, bolster economic growth, and foster greater investor confidence in India’s business landscape.
Key Features of BRAP
- Reduction in Compliance Burden: BRAP 2024 is committed to the key initiatives of the government such as reducing compliance burden and reducing penalties for non-compliance.
- In line with the World Bank’s ‘B-Ready‘ programme: The scheme focuses on streamlining regulatory processes as per global standards.
- Innovative Assessment System: BRAP 2024 introduces evidence and feedback-based assessment system, which ensures a more comprehensive and dynamic approach.
- Time and Document Study (TDS): Faster and more efficient delivery of government services will be ensured through adoption of information communication technology and process reengineering.
- Expansion of Areas: BRAP has also expanded its scope to include important areas such as labour, environment, tax, land administration, utility permits, inspection and construction.
- Streamlining processes: BRAP 2024 simplifies processes and provides continuity to the implementation of digital solutions to make India a global investment hub.
Objectives
- To boost investor confidence in India’s business landscape.
- To create a transparent, efficient and dynamic regulatory environment.
- To simplify service delivery for citizens and businesses.
Outcome
- Since its launch in 2014-2015, BRAP has brought about significant changes in India’s business landscape while embodying the spirit of competitive federalism.
- Its six successful editions have assessed States and Union Territories to create a business-friendly environment.
- The initiative aims to create an eco-system where businesses can flourish and citizens can experience a more efficient and responsive governance system, in line with the vision of Hon’ble Prime Minister Shri Narendra Modi. Department for Promotion of Industry and Internal Trade
- The Department for Promotion of Industry and Internal Trade (DPIIT) was established in the year 1995. Subsequently, the Department of Industrial Development was merged into it in the year 2000.
- Structure: This department functions under the Ministry of Commerce and Industry, Government of India.
Main functions of DPIIT
- Industrial development: The department formulates and implements promotional and developmental measures for the development of the industrial sector.
- National priorities: It formulates policy keeping in view the national priorities and socio-economic objectives.
- Internal trade: Developing policies and programmes for improving and developing the field of internal trade.
- Investment attraction: Implementation of measures to attract domestic and foreign investment.
SOURCE :Business Standard