Current Affairs - State - Discussion
Discussion Forum : State - Latest Current Affairs (Q.No. 10)
10.
Which state became the first in India to pass the Ease of Doing Business Act, 2026 with a trust-based business permission framework?
Answer: Option
Explanation:
Chhattisgarh became the first Indian state to enact the Ease of Doing Business Act, 2026, introducing a comprehensive trust-based and risk-based business permission framework. The Act classifies businesses according to risk levels, allowing low-risk enterprises to obtain approvals through self-certification or certification by licensed professionals. It also introduces an auto-approval mechanism when departments fail to act within prescribed timelines, removes annual renewal requirements for certain licenses, and initially covers 43 services across eight departments. The reform is expected to reduce compliance costs and simplify business operations for nearly 1.5 million MSMEs in the state.
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