Budget 2025| ‘Jan Vishwas 2.0 Bill to Simplify Business Laws & Boost Growth’: Finance Minister

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The Jan Vishwas Bill 2.0, announced in the Union Budget 2025, aims to decriminalise over 100 offences and simplify business laws, enhancing the ease of doing business. Building on the 2023 Act, it removes outdated provisions while ensuring proportionate penalties. The DPIIT is revising rules to streamline compliance, promote entrepreneurship, and attract investors, reinforcing India’s commitment to a business-friendly regulatory environment.

Budget 2025|'Jan Vishwas 2.0 Bill to Simplify Business Laws & Boost Growth': Finance Minister

NEW DELHI : Union Finance Minister Nirmala Sitharaman has announced that ‘Jan Vishwas Bill 2.0’ will be introduced to decriminalise over 100 offences and simplify various business laws in India. This initiative aims to enhance the ease of doing business by reducing unnecessary legal hurdles and ensuring a more business-friendly environment.

JAN VISHWAS BILL 2.0

The announcement was made during the presentation of the Union Budget 2025, where the Finance Minister emphasized the importance of regulatory reforms in driving economic growth. This new bill builds on the Jan Vishwas (Amendment of Provisions) Act, 2023, which came into effect on August 11, 2023.

That law had already decriminalised certain minor offences across 42 central acts and improved business operations by eliminating 183 criminal provisions across 19 ministries and departments.

The primary objective of the Jan Vishwas Bill 2.0 is to eliminate outdated legal provisions that no longer align with the evolving business and technological landscape, particularly in a globalized world.

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However, the government has assured that :

“The decriminalisation effort still ensures penalties proportionate to the severity of offences, while also handing out stringent punishments for serious violations.”

The Department for Promotion of Industry and Internal Trade (DPIIT) is actively working on revising approximately 100 rules and regulations across various government departments to incorporate them into this bill. By doing so, the government aims to streamline legal compliance, encourage entrepreneurship, and boost investor confidence in India’s regulatory framework.

With this move, India continues its journey toward becoming one of the most business-friendly economies in the world by reducing legal complexities and ensuring a balanced approach to regulation.

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