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Jan Vishwas Act, 2023 UPSC NOTE

 Why in news

  • In a bid to ease investment inflows, the government is pursuing a second iteration of the Jan Vishwas law to reduce businesses’ compliance burden and decriminalise laws, but is grappling with a lack of industry inputs about the pain points that need addressing, Commerce and Industry Minister Piyush Goyal pleaded with businesses to come forward and share ideas.

Jan Vishwas Act, 2023

  • The Jan Vishwas (Amendment of Provisions) Act, 2023 has marked a significant step towards creating a more business-friendly environment

  • It will lay the foundation for improving the Ease of Doing Business in India. 

  • It seeks to reduce compliance and remove the fear of imprisonment for minor offences, to give an impetus to businesses and improve ease of doing business and living, thus bolstering ‘trust-based governance’

Features

  • Decriminalization of Offences

  • Removal of offences 

  • Periodic Revision of Penalties

  • Adjudicating Officers

  • Appellate Mechanisms

Benefits

  • Economic Growth

  • Rationalises Criminal Provisions

  • Maintains Proportionality

  • Reduces Pressure on the Justice System

  • Improve the Health of MSMEs

  • Trust-Based Governance

COMMENTS

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Jan Vishwas Act, 2023 UPSC NOTE
Jan Vishwas Act, 2023 UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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