Today's Headlines - 29 July 2023
Jan Vishwas Bill passed
GS Paper - 3 (Economy)
The Lok Sabha on 27 July 2023 approved the Jan Vishwas (Amendment of Provisions) Bill, 2023, to enhance ease of doing business, decrease compliance burden for individuals and industry, and alleviate judicial load by decriminalising minor economic offences.
More about the Bill
Spearheaded by the Department for Promotion of Industry and Internal Trade (DPIIT), the Bill proposes to revise 183 provisions across 42 laws under 19 government ministries.
At present, existing laws contain clauses for imprisonment for minor and procedural defaults, as well as lesser fines and penalties.
This resulted in fear and mistrust towards the government. The intended changes of this proposed law aim to avoid unnecessary imprisonments and impose higher penalties and fines where necessary.
According to the Bill, offences will be decriminalised by either eliminating both imprisonment and/or fine; removing imprisonment while retaining or increasing fines; or changing imprisonment and/or fine to penalties.
Conversion of fines and penalties implies that court prosecution can be bypassed for punishment.
The government over the past nine years removed roughly 40,000 provisions and procedures, which had the potential to create problems for people.
#upsc #news #todayheadline #janvishwas #bill #loksabha #business #industry #alleviate #judicial #economy #DPITI #department #promotion #internal #trade #laws #government #potentional #conversion
Jan Vishwas Bill passed
GS Paper - 3 (Economy)
The Lok Sabha on 27 July 2023 approved the Jan Vishwas (Amendment of Provisions) Bill, 2023, to enhance ease of doing business, decrease compliance burden for individuals and industry, and alleviate judicial load by decriminalising minor economic offences.
More about the Bill
Spearheaded by the Department for Promotion of Industry and Internal Trade (DPIIT), the Bill proposes to revise 183 provisions across 42 laws under 19 government ministries.
At present, existing laws contain clauses for imprisonment for minor and procedural defaults, as well as lesser fines and penalties.
This resulted in fear and mistrust towards the government. The intended changes of this proposed law aim to avoid unnecessary imprisonments and impose higher penalties and fines where necessary.
According to the Bill, offences will be decriminalised by either eliminating both imprisonment and/or fine; removing imprisonment while retaining or increasing fines; or changing imprisonment and/or fine to penalties.
Conversion of fines and penalties implies that court prosecution can be bypassed for punishment.
The government over the past nine years removed roughly 40,000 provisions and procedures, which had the potential to create problems for people.
#upsc #news #todayheadline #janvishwas #bill #loksabha #business #industry #alleviate #judicial #economy #DPITI #department #promotion #internal #trade #laws #government #potentional #conversion