DPIIT aids states to enhance business environment
ECONOMY & POLICY

DPIIT aids states to enhance business environment

The Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh, stated during a press briefing that the union government would assist states in the simplification, rationalisation, or decriminalisation of provisions to encourage ease of doing business and living in the country. Singh mentioned that he was speaking subsequent to the passage of a bill in the Parliament, which aimed to promote ease of business by making amendments to 183 provisions of 42 Acts, leading to the decriminalization of minor offenses. He further added that there would be multiple subsequent instances of this effort with the overall goal of fostering an environment conducive to ease of doing business and living comfortably.

The Rajya Sabha passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 through a voice vote. The Lok Sabha had previously approved the legislation on July 27. The bill converts various fines into penalties, eliminating the need for court prosecution to impose sanctions.

Furthermore, it eliminates the use of imprisonment as a penalty for numerous offenses. The bill also does away with all offenses under the Post Office Act of 1898.

Also read: 
Tesla leases office space in Pune amid talks with Indian govt
KEC bags orders worth Rs 10.65 bn across businesses

The Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh, stated during a press briefing that the union government would assist states in the simplification, rationalisation, or decriminalisation of provisions to encourage ease of doing business and living in the country. Singh mentioned that he was speaking subsequent to the passage of a bill in the Parliament, which aimed to promote ease of business by making amendments to 183 provisions of 42 Acts, leading to the decriminalization of minor offenses. He further added that there would be multiple subsequent instances of this effort with the overall goal of fostering an environment conducive to ease of doing business and living comfortably.The Rajya Sabha passed the Jan Vishwas (Amendment of Provisions) Bill, 2023 through a voice vote. The Lok Sabha had previously approved the legislation on July 27. The bill converts various fines into penalties, eliminating the need for court prosecution to impose sanctions.Furthermore, it eliminates the use of imprisonment as a penalty for numerous offenses. The bill also does away with all offenses under the Post Office Act of 1898.Also read: Tesla leases office space in Pune amid talks with Indian govtKEC bags orders worth Rs 10.65 bn across businesses

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?