The government has also decriminalised 103 offences and removed 327 redundant laws, he was quoted as saying at a national-level workshop on reducing compliance burden by Indian media reports. As many as 46 penal provisions of the Companies Act, 2013, have been decriminalised.
Measures to reduce compliance burden by simplifying and decriminalising laws can have a multiplier effect on ease of doing business, commerce and industry minister Piyush Goyal said
“Reduction of compliance is about trust in every business person and citizen. Once trust is established, it becomes easier to evolve a non-confrontational policy framework. Simplification, elimination of compliances and decriminalisation of certain laws contribute to the larger framework to run businesses. It can also have a transformational impact,” Goyal added.
To reduce these burdens, every ministry, department and states were asked to conduct a comprehensive review of compliances under their purview to understand their relevance and rationale and undertake a complete process re-engineering to eliminate burdensome compliances.
Fibre2Fashion News Desk (DS)