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Ficci Opposes Extended Audit Restrictions in Proposed Law Why in the News ? Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the government to drop a proposed audit rule change under the Companies Act amendment, citing higher costs, reduced efficiency, and potential decline in service quality for corporates. FICCI’s Concerns Over Proposed …
Read MoreDeregulation in focus, the bet is on entrepreneurs Why in the News? The deregulation reforms aim to free Indian industry from unnecessary, time-consuming, and complex regulatory procedures. It seeks to promote a trust-based regulatory framework instead of excessive compliance burdens. The initiative is designed to prepare India for the Free Trade Agreements (FTAs) currently under …
Read MoreTrust-Based Governance: Reforming India’s Criminal Regulatory Framework Why in the News ? The Jan Vishwas (Amendment of Provisions) Bill, 2025-26 has been introduced to decriminalise minor offences across multiple Central laws, including environmental clearances and regulatory frameworks, aiming to promote ease of doing business, reduce judicial burden, and shift towards a proportionate, trust-based regulatory regime …
Read MoreJAN VISHWAS 2.0: TOWARDS TRUST-BASED COMPLIANCE Syllabus: GS 2: International Relations Issues of national and international importance. Why in the News? The Jan Vishwas (Amendment of Provisions) Bill, 2026 marks a major reform in India’s regulatory framework by decriminalising minor offences and promoting a trust-based compliance system. It builds upon the Jan Vishwas Act, 2023, …
Read MoreIBC Amendment 2026 Passed to Strengthen Insolvency Framework Why in the News ? Parliament has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, aiming to resolve procedural delays, enhance transparency, and strengthen the insolvency framework. The reforms seek to improve resolution efficiency, creditor recovery, and overall financial system stability. Key Features and Amendments in …
Read MoreCabinet Approves Final Amendments to Insolvency Bankruptcy Code Why in the News ? The Union Cabinet has approved the final amendments to the Insolvency and Bankruptcy Code (IBC), incorporating recommendations of the Baijayant Panda-led Parliamentary Select Committee. The legislation is expected to be introduced in Parliament, aiming to strengthen India’s corporate insolvency resolution framework. Key …
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