<p>New Delhi: The central government is working on Jan Vishwas 2.0 bill and has formed a committee to review non-financial sector regulations in order to make regulatory and business processes flexible, people-friendly and trust-based, Prime Minister Narendra Modi said on Tuesday.</p>.<p>“Stable policy and a better business environment are very important for development in any country. That is why a few years ago we brought the Jan Vishwas Act,” he said while addressing a post-Budget webinar.</p>.<p>The Prime Minister claimed that more than 40,000 compliances have been abolished at the central and state levels. “This promoted the ease of doing business and our government believes that this exercise should continue consistently,” he added.</p>.<p>Speaking at the webinar, Finance Minister Nirmala Sitharaman said over 100 provisions related to businesses would be decriminalised through the proposed second edition of Jan Vishwas Act.</p>.World looking at India as trusted partner, industry should take advantage: PM Modi.<p>“Our government has over 42,000 compliance removed and over 3,700 legal provisions have been decriminalised since 2014. Will bring Jan Vishwas Bill 2.0 to further decriminalise over 100 provisions in various laws to further simplify processes for businesses,” Sitharaman said.</p>.<p>Over 180 legal provisions, including copyright, trademarks, patents, and geographical indications of goods act, replacing penalties for minor offences with monetary fines were decriminalised through Jan Vishwas (Amendment of Provisions) Act, 2023. Sitharaman said the move to decriminalise such provisions allow Indian industries to operate with greater confidence.</p>.<p>The Prime Minister addressed the post-budget webinar themed on three sectors: MSMEs, exports nuclear energy.</p>.<p>Referring to the uncertainties in the global economy, Modi said it offers an opportunity for the Indian firms to invest more and take advantage of the world’s need for alternative supply chains.</p>.<p>“India remains a growth engine for the global economy and has proven its resilience in challenging situations,” Modi said. </p>
<p>New Delhi: The central government is working on Jan Vishwas 2.0 bill and has formed a committee to review non-financial sector regulations in order to make regulatory and business processes flexible, people-friendly and trust-based, Prime Minister Narendra Modi said on Tuesday.</p>.<p>“Stable policy and a better business environment are very important for development in any country. That is why a few years ago we brought the Jan Vishwas Act,” he said while addressing a post-Budget webinar.</p>.<p>The Prime Minister claimed that more than 40,000 compliances have been abolished at the central and state levels. “This promoted the ease of doing business and our government believes that this exercise should continue consistently,” he added.</p>.<p>Speaking at the webinar, Finance Minister Nirmala Sitharaman said over 100 provisions related to businesses would be decriminalised through the proposed second edition of Jan Vishwas Act.</p>.World looking at India as trusted partner, industry should take advantage: PM Modi.<p>“Our government has over 42,000 compliance removed and over 3,700 legal provisions have been decriminalised since 2014. Will bring Jan Vishwas Bill 2.0 to further decriminalise over 100 provisions in various laws to further simplify processes for businesses,” Sitharaman said.</p>.<p>Over 180 legal provisions, including copyright, trademarks, patents, and geographical indications of goods act, replacing penalties for minor offences with monetary fines were decriminalised through Jan Vishwas (Amendment of Provisions) Act, 2023. Sitharaman said the move to decriminalise such provisions allow Indian industries to operate with greater confidence.</p>.<p>The Prime Minister addressed the post-budget webinar themed on three sectors: MSMEs, exports nuclear energy.</p>.<p>Referring to the uncertainties in the global economy, Modi said it offers an opportunity for the Indian firms to invest more and take advantage of the world’s need for alternative supply chains.</p>.<p>“India remains a growth engine for the global economy and has proven its resilience in challenging situations,” Modi said. </p>