Abolished 1500 Outdated Laws And 40,000 Unnecessary Compliances: PM Modi

The Prime Minister, Shri Narendra Modi addressed the inaugural function of Invest Karnataka 2022, the Global Investors Meet of the state today via video conferencing. The Prime Minister said “Building a New India is possible only with bold reforms, massive infrastructure, and the best of talent. Today bold reforms are carried out in every sphere of the government.” He mentioned GST, IBC, Banking reforms, UPI, abolition of 1500 outdated laws, and 40 thousand unnecessary compliances. He also said that steps like decriminalisation of many company law provisions, faceless assessment, new avenues for FDI, liberalisation of drone rules, geospatial and space sector, and defense sector are bringing unprecedented energy. The Prime Minister said that the number of operational airports has doubled in the last 8 years and Metro has expanded in more than 20 cities. Highlighting the aim of the PM-GatiShakti National Master Plan, the Prime Minister remarked that it is aimed at integrated infrastructure development. He explained that a road map is prepared not just for developing infrastructure but also for existing infrastructure while the most efficient route is discussed in implementing the plan. Shri Modi stressed the emphasis on last-mile connectivity and ways to improve the product or service by making it world-class. The Prime Minister highlighted the strides made by the youth in this journey and said every sector in India is being propelled by the energy of Youth Power.