In News
- Recently, the Union Minister of Commerce and Industry introduced the Jan Vishwas (Amendment of Provisions) Bill, 2022 in the Lok Sabha.
- The Bill promotes ease of doing business by decriminalising minor offences in 42 Acts administered by 19 ministries.
What’s in Jan Vishwas Bill 2022?
- Aim:Â
- It proposes to decriminalise many minor offences by replacing them with monetary penalties.
- A unique feature of the proposal is an increase of 10% of the minimum amount of fine and penalty levied after the expiry of every three years once the bill becomes a law.Â
- It proposes amendments to the Acts:
- The Boilers Act.
- The Aadhar Act, 2016.
- the Legal Metrology Act, 2009, 2006.
- Drugs and Cosmetics Act, 1940.
- Public Debt Act, 1944.Â
- Pharmacy Act, 1948.
- Cinematograph Act, 1952.
- Copyright Act, 1957.
- Patents Act, 1970.
- Environment (Protection) Act, 1986.
- Motor Vehicles Act, 1988.
- Trade Marks Act, 1999.
- Railways Act, 1989.
- Information Technology Act, 2000.
- Prevention of Money-laundering Act, 2002.
- Food Safety and Standards Act, 2006.
- Legal Metrology Act, 2009.
- Factoring Regulation Act, 2011.
How will the Bill help in ease of doing business?
- The fear of imprisonment for minor offenses is a major factor hampering the growth of the business ecosystem and individual confidence.
- A web of outdated rules and regulations causes trust deficit.
- Need of the hour is to achieve Minimum Government, Maximum Governance, redefining the regulatory landscape of the country under the Ease of Living and Ease of Doing Business reforms.
Source: AIR
