In her Budget 2022 address, Union Finance Minister Nirmala Sitharaman talked about rolling out the next phase of ease of doing business and ease of living. This involves establishing the One Nation, One Registration mechanism in order to make it easier for people to live and do business. One Nation, One Registration will be established for registration to facilitate the ease of living and doing business, said Sitharaman.
The Finance Minister also announced that 75,000 compliances have been eliminated and 1,486 union laws have been revoked to make it easier to do business in the country. Sitharaman also talked about an online bill payment system for all Central ministries in order to reduce the delay in payments.
She proposed in her Budget 2022 speech that the Special Economic Zones Act be replaced with new legislation to encourage the development of enterprise and hubs. The Union Finance Minister said that the new legislation will cover existing industrial enclaves and increase the competitiveness of exports.
Sitharaman started her speech by saying that the Union Budget 2022 -- 23 will lay the foundation for India's economic growth and expansion over the next 25 years. She said that the Union Budget wants to lay the foundations and give a blueprint of the economy over Amrit Kal over the next 25 years from India at 75 to 100.