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Mint
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Jan Vishwas 2.0: Centre set to table decriminalisation bill in Lok Sabha. Here are five things to look out for
The central government is set to table the Jan Vishwas 2.0 bill in front of the Lok Sabha on Monday, 18 August 2025, as the nation is looking to amend several laws and bring in the new concept of decriminalisation by introducing an 'improvement notice' instead of a penalty for an offence, reported the news portal Indian Express on Saturday, 16 August 2025. Earlier this week, the Union Cabinet of India cleared the Jan Vishwas 2.0 bill which is aiming to decriminalise and rationalise the punishment of offences based on a trust basis governance for the ease of doing business. 'In our country, there are such laws that can put people in jail for very small things — you would be shocked. No one has really paid attention to them. I have been pursuing this, because these unnecessary laws that put our country's citizens behind bars should be abolished. We had introduced a Bill in Parliament earlier, and we have brought it again this time,' said Prime Minister Narendra Modi in his 79th Independence Day speech. 1. Improvement notice — In the Jan Vishwas 2.0 bill, the centre has proposed to introduce a concept of an 'improvement notice' instead of a penalty for a first time offender. In the Budget 2025 announcement, Union Finance Minister Nirmala Sitharaman announced that the government will bring the Jan Vishwas 2.0 this year, though which the Centre aims to decriminalise more than 180 legal provisions. "In the Jan Vishwas Act 2023, more than 180 legal provisions were decriminalised. Our government will now bring up the Jan Vishwas Bill 2.0 to decriminalise more than 100 provisions in various laws," said Sitharaman in the Budget speech. 2. Shift of approach — The proposed bill bring forth a shift of approach of the central government moving from a 'penalise on first detection' approach of the Jan Vishwas 1.0 which was imposed as a law in 2023, into a 'inform–correct–penalise' approach soon to be mandated as the law. Through this move, the government aims to promote the ease of doing business and trust-based regulation while maintaining deterrence for repeated violations, a person aware of the development told the news portal. 3. No penalty on first offence — According to the proposed bill, the first time offenders will not be charged any penalty for their offence and will be served an opportunity to rectify their non-compliance withing a pre-set period. 4. Increasing subsequent fines — In case an entity becomes a repeat offender, the penalties will start to be applicable from the second offence onwards. According to the news portal's report, the penalty which will be applicable will be the same as it was for the first offence in Jan Vishwas 1.0. The proposal also mandates that the fines charged will increase for the subsequent offences subject to a maximum cap depending on the sections. 5. Changes via Jan Vishwas 1.0 — According to the Jan Vishwas Act of 2023, in efforts to decriminalise several offences under various laws, the Indian government removed the Section 41 of the Food Corporations Act, 1964 which punished imprisonment for a term which may extend to six months, or a fine of ₹ 1,000, or both in case of a using FCI's name in any prospectus or advertisement without its consent in writing. Another case was when the Jan Vishwas Act removed the 6-month imprisonment penalty for tree felling or damage caused by cattle in protected forests; they have however, kept ₹ 500 as a fine for the same in efforts to decriminalise.
Economic Times
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Dewald Brevis' signing was in compliance with rules: CSK clarify after Ashwin's remarks spark controversy
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News18
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From Rs 5,000 To Rs 40,000 Crore: Why Rakesh Jhunjhunwala Is Called The 'Big Bull' Of Dalal Street
Last Updated: In the early 2000s, he purchased Titan Company shares at Rs 30-Rs 40 apiece and the investment eventually delivered returns of over Rs 15,000 crore Rakesh Jhunjhunwala, fondly called the 'Big Bull' of Dalal Street, transformed a modest investment of just Rs 5,000 into a fortune exceeding Rs 40,000 crore, leaving behind one of the most inspiring legacies in the stock market history. Born on July 5, 1960, in Mumbai to a middle-class Marwari family, Jhunjhunwala grew up watching his father, an Income Tax Department officer, discuss the stock market with friends. Those conversations ignited his curiosity about equities. On his father's advice, he began reading newspapers daily to sharpen his understanding of business and market trends. Although he qualified as a chartered accountant after studying at Sydenham College, Jhunjhunwala shunned the security of a stable job. Instead, he plunged into the volatile world of stocks. His first investment, funded by borrowing Rs 5,000 from his brother, marked the beginning of a remarkable journey. In 1986, he took a bold gamble, raising additional capital from market experts at steep interest rates. His maiden big win came with Tata Tea, bought at Rs 43 a share, it surged to Rs 143 within three months, netting him about Rs 5 lakh. He followed this with smart bets on Tata Power and Sesa Goa. But his most iconic move came in the early 2000s, when Titan Company was struggling. Trusting the brand's long-term potential, he purchased shares at Rs 30-Rs 40 apiece, an investment that eventually delivered returns of over Rs 15,000 crore. 'Always go against the crowd. Buy when everyone is selling and sell when everyone is buying," Jhunjhunwala's simple yet powerful mantra became synonymous with his investing style. Through his firm RARE Enterprises, named after himself and his wife Rekha, he invested in several market leaders, including Star Health, Metro Brands, Tata Motors and CRISIL. From the 1992 securities scam to the 2008 global financial crisis, Jhunjhunwala demonstrated an uncanny ability to identify resilient companies during turbulent times. In 2021, he ventured into aviation with Akasa Air, which became the world's fastest-growing airline within a year. By the time of his passing in 2022, the Sensex had crossed the 59,000 mark, up by 150 points. In 2023, he was posthumously awarded the Padma Shri. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Click here to add News18 as your preferred news source on Google. Also Download the News18 App to stay updated. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
