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SIMPLIFICATION AND TRANSPARENCY IN FINANCIAL LAWS HAVE PROVIDED AN ENABLING ENVIRONMENT FOR INVESTMENT IN INDIA: LOK SABHA SPEAKER TODAY'S INDIA WITH DEEPER DEMOCRATIC SPIRIT, STABLE GOVERNMENT AND VISIONARY LEADERSHIP, IS A LAND OF IMMENSE OPPORTUNITIES FOR INVESTMENT: LOK SABHA SPEAKERFOR THE FIRST TIME IN INDIA, AN EFFORT HAS BEEN MADE TO CHANGE COLONIAL LAWS, TO REPEAL REDUNDANT LAWS AND TO MAKE NEW LAWS IN SYNC WITH HOPES AND ASPIRATIONS OF PEOPLE: LOK SABHA SPEAKERNEW LAWS ARE SIMPLE, T
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FAQ :
The Lok Sabha Speaker's address focused on how recent simplifications and transparency in India's financial laws have created an enabling environment for investment, contributing to the vision of Viksit Bharat 2047.
He mentioned efforts to change colonial laws, repeal redundant ones, and introduce new legislation that aligns with the aspirations of the people, citing examples like GST, proposed income tax legislation, and changes in labour and company laws.
The new laws are described as simple, transparent, progressive, and inclusive, designed to improve the lives of all citizens and adapt to changing societal and international needs.
The Speaker noted that the ICAI plays a vital role in ensuring transparency in the financial system, guiding the country on cost-effective production, and strengthening its economic potential.
Developments in infrastructure, including road, rail, and air connectivity, have augmented the country's capacity to attract more investment, which ultimately benefits society.
The symposium on 'Adoption to Changing landscape: My Viksit Bharat - 2047' was organised by the Institute of Cost Accountants of India and took place in New Delhi on 28 February 2025.
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