Cabinet Approves Janvishwas Bill: Corporate Offences Decriminalized Under 42 Laws (Still Needs Parliament's Approval)


Rohit Kulkarni

Rohit Kulkarni

Jul 17, 2023


According to sources cited by CNBC Awaaz, the Janvishwas (Amendment of Provisions) Bill has received approval from the Cabinet on July 12. The bill aims to reduce the compliance burden on companies, thus facilitating ease of doing business. The Cabinet meeting, chaired by Prime Minister Narendra Modi and attended by all ministers, took place amidst speculation of a ministerial reshuffle before the 2024 Lok Sabha elections.

Cabinet Approves Janvishwas Bill: Corporate Offences Decriminalized Under 42 Laws (Still Needs Parliament's Approval)

Janvishwas Bill

The bill proposes the decriminalization of various offences under 42 laws and is expected to be presented during the Monsoon session of Parliament. The move comes after the World Bank’s “Ease of Doing Business” report ranked India at the 63rd position, an improvement from the 77th rank in 2018. In response, the central government requested 19 ministries to eliminate outdated provisions within the 42 laws.

Proposed Amendments Seek to Decriminalize Minor Offenses and Improve Judicial Efficiency

Union Minister Piyush Goyal introduced the bill in the Lok Sabha in December of the previous year. It was then referred to a 31-member joint parliamentary committee for review. The committee’s report, presented on March 20, stated that decriminalizing minor offenses would alleviate the burden on the judiciary and prisons, while also facilitating business operations and individuals’ daily lives.

The proposed amendments include the introduction of suitable adjudication mechanisms, wherever applicable and feasible, for handling minor offenses. This would not only reduce the load on the judiciary and unclog courts but also contribute to efficient justice dispensation. The Acts being amended encompass a range of laws such as The 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; and Motor Vehicles Act, 1988.

Image Source


Rohit Kulkarni
Rohit Kulkarni
  • 852 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online