Rajya Sabha Approves Jan Vishwas Bill to Simplify Laws
Rajya Sabha clears Jan Vishwas Bill
The Economic TimesImage: The Economic Times
The Rajya Sabha in New Delhi has passed the Jan Vishwas (Amendment of Provisions) Bill, which amends 784 provisions across 79 central Acts. The legislation aims to decriminalise 717 provisions, enhancing the ease of doing business and living for citizens and micro, small, and medium enterprises (MSMEs).
- 01The Jan Vishwas Bill amends 784 provisions from 79 central Acts.
- 02It decriminalises 717 provisions to simplify compliance for citizens and businesses.
- 03Commerce Minister Piyush Goyal emphasized the bill's role in improving the ease of doing business.
- 04The bill introduces a graded approach to penalties for minor offences.
- 05This reform aims to reduce the compliance burden and fear of penalties.
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On Thursday, the Rajya Sabha passed the Jan Vishwas (Amendment of Provisions) Bill, following its clearance by the Lok Sabha. This legislation amends 784 provisions across 79 central Acts managed by 23 ministries. A significant aspect of the bill is the decriminalisation of 717 provisions, which aims to enhance the ease of doing business and living for citizens, particularly benefiting micro, small, and medium enterprises (MSMEs). Commerce and Industry Minister Piyush Goyal stated that the bill adopts a graded approach to enforcement, allowing for improvement notices and warnings for minor offences, with penalties for repeat violations. He highlighted that this reform represents a crucial step towards simplifying laws and alleviating the compliance burden on businesses and individuals.
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The Jan Vishwas Bill is expected to ease the compliance burden for citizens and businesses, particularly benefiting MSMEs by reducing the fear of penalties associated with minor offences.
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