Want businesses to focus on innovation, not on paperwork and penalties: Finance Minister Sitharaman

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Want businesses to focus on innovation, not on paperwork and penalties: Finance Minister Sitharaman

//business-finance.news-articles.net/content/202 .. k-and-penalties-finance-minister-sitharaman.html

Published in Business and Finance on Tuesday, March 4th 2025 at 7:20 GMT by MSN

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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 ]