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Jan Vishwas (Amendment of Provisions) Bill
Why 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:
It suggests replacing numerous minor offences with monetary fines in order to decriminalise them.
One special aspect of the proposal is that, when the measure is passed and becomes law, the minimum fee and penalty assessed will grow by 10% every three years.
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.
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?
A significant element impeding the development of the business ecosystem and individual confidence is the fear of being imprisoned for very small transgressions.
Lack of trust is a result of an antiquated regulatory web.
Achieving Minimum Government, Maximum Governance is urgently needed, along with reforms aimed at making it easier to live and conduct business in the nation.
