New Delhi, Oct. 27 -- The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, is advancing a shift from a permission-based regulatory system to trust-based governance through reforms aimed at reducing business compliance, supporting startups, attracting investment and simplifying regulatory approvals.

According to an official statement, the government has reduced 47,957 compliance requirements across Central Ministries and States and Union Territories (UTs). Of these, 22,290 have been digitised, 16,141 simplified, 5,255 decriminalised and 4,271 eliminated.

The Ministry of Commerce and Industry also stated that the Jan Vishwas Acts have decriminalised 900 provisions of Central law...