Center to streamline processes for faster approval of M&A in the medical industry.

The government’s focus on improving the ease of doing business includes rationalizing procedures for speedy approval of mergers and acquisitions and expanding the scope for fast-track mergers. This initiative was announced as part of the Union Budget for 2025-26 presented in the Parliament by Finance Minister Nirmala Sitharaman.

In her budget speech, Sitharaman highlighted the government’s commitment to simplifying and streamlining the approval process for company mergers. By rationalizing requirements and procedures and widening the scope for fast-track mergers, the government aims to create a more efficient and conducive environment for businesses.

Another key aspect of the budget proposal is the introduction of the Jan Vishwas Bill 2.0, which aims to decriminalize more than 100 provisions in various laws. This follows the Jan Vishwas Act 2023, which successfully decriminalized over 180 legal provisions. By reducing regulatory burdens and promoting compliance, the government seeks to facilitate smoother business operations and enable companies to focus on growth and innovation.

Additionally, the revamped Central KYC Registry is set to be rolled out in 2025, featuring a streamlined system for periodic updating. This initiative is aligned with the government’s efforts to enhance transparency and efficiency in regulatory processes, ultimately benefiting businesses and stakeholders.

The Institute of Company Secretaries of India (ICSI) has praised the budget as a balanced and transformative financial blueprint that prioritizes long-term economic growth, sustainability, and inclusive prosperity. The rationalization of requirements for company mergers, along with measures to encourage voluntary compliance, contributes to creating a more conducive business environment.

Moreover, the budget emphasizes the expansion of social welfare programs to support vulnerable communities, with increased funding allocated for education, healthcare, and housing. This focus on social welfare reflects the government’s commitment to promoting inclusive growth and addressing societal challenges.

Overall, the budget for 2025-26 reflects the government’s commitment to simplifying regulatory processes, promoting compliance, and fostering economic growth. By addressing key issues such as fast-track mergers, decriminalization of provisions, and social welfare programs, the budget aims to create a conducive environment for businesses to thrive and contribute to the country’s overall development.