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[ Tue, Mar 04th ]: Fortune
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Want businesses to focus on innovation, not on paperwork and penalties: Finance Minister Sitharaman

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Finance Minister Nirmala Sitharaman announced that the government plans to introduce Jan Vishwas Bill 2.0 to decriminalise over 100 provisions, aiming to reduce regulatory burden and enhance trust-based governance.
The Indian government, led by Finance Minister Nirmala Sitharaman, is set to introduce the Jan Vishwas Bill 2.0, aiming to decriminalize over 100 provisions across various laws. This legislative move is intended to reduce the compliance burden on businesses and citizens, fostering a more business-friendly environment. The bill will amend existing laws to replace criminal penalties with civil penalties or administrative measures for minor offenses, thereby promoting ease of doing business and reducing the fear of imprisonment for minor infractions. This initiative follows the success of the first Jan Vishwas Bill, which was passed in the previous session of Parliament, and reflects the government's ongoing commitment to regulatory reform.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/topstories/govt-to-bring-jan-vishwas-bill-2-0-to-decriminalise-over-100-provisions-finance-minister-sitharaman/ar-AA1AdB8w ]