Jan Vishwas (Amendment of Provisions) Bill 2023
On 27th July, 2023, the Lok Sabha passed the Jan Vishwas (Amendment of Provisions) Bill, 2023. It seeks to redefine the regulatory landscape of the country with decriminalisation of minor offences under 42 Acts to reduce compliance burden and promote ease of living and doing business in the country.
Need
- For the micro, small and medium-scale businesses to make a shift to the formal sector and generate jobs and income, there must be effective and efficient business regulations in place that eliminate unnecessary red tape.
- Currently, there are 1,536 laws which translate into around 70,000 compliances that govern doing business in ....
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