Sitharaman, which is also the Minister of Business Affairs, said that regulatory bodies must be kept by the “minimum necessary, maximum feasible” principle in order Maximum necessary, maximum, feasible vigilance.
In a world facing challenges on multiple queues, including exports, environment, energy and emissions, increased relying on domestic growth levers requires proper balance of regulation and freedom, the 16th annual competition India (CCI) said on Tuesday.
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The Message of the Minister of Finance reflects concerns because the uncertainty of global trade persists even after US President Donald Trump suspended his mutual tariffs for 90 days, providing business partners the opportunity to conclude agreements. Regulatory uncertainty could contribute to the risks that global investors can face, especially in the capital industry.
“Balance of Vigilance”
Delays in regulatory clearance can lead to uncertainty, disrupt commercial timelines and potentially erode the intended value of the transactions, Sitharaman said.
“And globally, even if we negotiate free trade agreements with different countries, because the ability, nimbleness and readiness of regulatory bodies is very remarkably monitored,” said the Minister, adding that the country will agree on some free trade agreements.
“Whether it is a litigation, a time consumed in a dispute or in the case of less transparent regulatory bodies, the negotiations can be complicated,” she said.
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Regulatory alertness must be balanced with direct thinking, with reference to the emphasis on regulatory reforms in its budget FY26 Union submitted 1 February. She repeated the message of the budget of the “light touch control framework” on the basis of principles and trust in the release of productivity and employment.
Ensuring regulatory efficiency and nimbleness is central for the strategy of economic growth in economic growth, as the ease of business can unlock the unrealized potential of the Indian economy, the Minister said.
According to Sitharaman, “Responsive and forward-in-the following institutions have never been more critical”, given the challenges that have grasped the world-Z pandemic and geopolitical tensions in recent years to disrupting the supplier chain.
Referring to CCI, the Minister stated that it is necessary for regulatory framework, while maintaining strict supervision, also facilitate rapid and smooth approval for transactions that do not pose any damage in the competition.
CCI chairman Ravneet Kaur, who spoke to the event, said that fair competition is not just a legal duty, it is a strategic imperative for growth and innovation.
The aim of the regulations based on the amendment of the Act on the Economic Act of 2023 is to increase more agile, more transparent and in accordance with the real estate of the market, she said.
Last year, CCI introduced several programs that improved the ease of business and streamlined its supervision. This includes a settlement system that allows the case to be closed to pay the amount of CCI and the provisions to refrain from investigating if ERING Company accepts obligations to change its market behavior. Also, the competition dog expanded the extent of its forgiving regime to encourage more cartels to clean.
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The latest production cost regulation allows consistent access to determining costs in cases of predatory prices and deep monitoring, Kaur said.
Changes to the Act on Competition have transformed the way in which the Act on Competition will now work in the country, she said.
Concerns
Tight rules on the availability of tax credit to entry in goods and services, wide tax coverage of deducted or collection for source (TDS or TCS) in income tax, long -waiting tax dispute releasing.
The government carried out several rounds of decriminalization of laws and introduced a system of coordination with all agencies to speed up the implementation of infrastructure projects. The government has also replaced several requirements for approval under the Act on Companies with mere requirements for filing.
(Tagstotranslate) Finance Minister Nirmala Sitharaman (T) Minister for Affairs (T) US President Donald Trump (T) Reci -Tariffs (T) Regulatory Examination (T) Commission for Competition (T) Decriminalization of Laws (T) TDS or TCS (T) act
