Turn the red lights green: Aadhaar and Digilocker for enterprises will accelerate job creation
1 month, 3 weeks ago

Turn the red lights green: Aadhaar and Digilocker for enterprises will accelerate job creation

Live Mint  

The primary theme of Jennifer Pahlka’s book Recoding America—that the US government is failing in the digital age—doesn’t apply to India. Fantastic recent policy announcements that green-light a unique identifier and digital repository for employers will enable a new wave of innovation in ‘enterprise DPI.’ This will accelerate high-wage job creation. Mass prosperity is held back by wages rather than jobs, high wages are held back by a shortage of non-farm employers with high productivity, and this employer population is held back by regulatory cholesterol: compliances/filings/jail provisions, irrational workflows and interpretation subjectivity. Jan Vishwas 2.0 must reverse the gaze by removing everything that doesn’t meet five clear criteria for jail: Must involve physical harm to other individuals; Must involve intentional defrauding of stakeholders ; Must involve externalities to societies so large that the violator cannot compensate, like public order, national integrity, etc. These five criteria will eliminate almost half of the Centre’s 5,000 plus jail provisions and create a template for the 20,000 plus state government jail provisions.

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History of this topic

Easy Compliance, Export Friendly, And More: Nirmala Sitharaman’s Wishlist For Indian Economy
2 weeks, 3 days ago

Easy Compliance, Export Friendly, And More: Nirmala Sitharaman’s Wishlist For Indian Economy

ABP News  

Finance Minister Nirmala Sitharaman on Tuesday said that the government plans to reduce regulatory burdens and is actively taking steps to make India an export-friendly economy. Speaking at the post-budget webinar on ‘MSMEs as engine of growth, manufacturing, exports, regulatory, investment, and EoDB Reforms’, the Union Minister said that the authorities are working to enhance trust-based governance and improve the …

Budget 2025: Jan Vishwas Bill 2.0 to decriminalize over 100 provisions to promote ease of doing business
1 month, 2 weeks ago

Budget 2025: Jan Vishwas Bill 2.0 to decriminalize over 100 provisions to promote ease of doing business

Live Mint  

The government will introduce the Jan Vishwas Bill 2.0 to decriminalize over 100 more outdated legal provisions to promote the ease of doing business in the country, said Union finance minister Nirmala Sitharaman while presenting the Union Budget 2025-26 on Saturday. The Jan Vishwas Act 2023 decriminalized sections in the copyright, trademarks, patents, and geographical indications of goods act, replacing …

Could The ‘Jan Vishwas Bill’ Decriminalise Business Compliance? - News18
1 year, 10 months ago

Could The ‘Jan Vishwas Bill’ Decriminalise Business Compliance? - News18

News 18  

Trust is a prerequisite and fundamental for democratic governance, still, the colonial rules and regulations cause a trust deficit among entrepreneurs. In 75 years of Independence, can an entrepreneur hope that in Amrit Kaal, the ‘Jan Vishwas Bill 2022’, which is likely to be presented in the coming monsoon session of Parliament, could envisage redefining the regulatory landscape of the …

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