Digital economy project gets ECC nod

The government plans to introduce the second package of regulatory reforms by March this year to ensure ease of doing business. While discussing a grant for the Digital Economy Enhancement Project (DEEP) component-II, the Economic Coordination Committee (ECC), in a recent meeting, inquired from the Board of Investment (BOI) about the measures taken to reform the regulatory regime from the perspective of ease of doing business. It was informed that the first package of reforms had been prepared on a fast-track basis, which would be placed before the cabinet in due course. It was also told that the second package of reforms would be introduced by March 2025. The ECC emphasised that regulatory reforms should be implemented alongside other initiatives to enhance investors' confidence.