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Govt working on decriminalising non-serious commercial offences

Govt working on decriminalising non-serious commercial offences

The government is working on decriminalisation of various offences under different business and economic laws.The idea is to avoid criminal culpability for businesses due to commercial disputes and civil offences, which are technical in nature and are not serious. India has 1,536 business laws with 69,233 unique compliances across Union, state and local laws. Among the 1,536 pieces of legislation, 54% have 26,134 clauses of imprisonment. Nearly two out of every five laws/rules have imprisonment clauses going up to 10 years. Of these, 29% are at the Union and 71% at the state levels, industry sources said.

Apart from improving India’s global ranking in ease of doing business — 63rd in the World Bank’s Ease of Doing Business Report 2020 — the move will send out a strong message to business and industry, both within and outside, about the country’s eagerness of attracting investment. Sources in the government said the Cabinet secretary will meet a group of secretaries on May 13 to deliberate on the issue that has been a pain point for business and industry in general, and manufacturing in particular.

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