
AP govt urged to repeal Agricultural Land Act, 2006
2
Vijayawada: The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) urged state govt to immediately repeal the AP Agricultural Land (Conversion for
Non Agricultural Purpose
) Act 2006, stating that it will be immensely beneficial to entrepreneurs looking to set up new businesses in the state.
This March, the State had announced that the Act will be abolished soon.
In a letter addressed to chief minister
N Chandrababu Naidu
on Monday, Chambers president Potluri Bhaskar Rao thanked govt for announcing the Act would be abolished soon. "It has been a long-pending demand of the citizens and business enterprises to abolish the Act," Bhaskar Rao said.TNN
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Hindustan Times
11 minutes ago
- Hindustan Times
Jan Vishwas Amendment Bill introduced in Lok Sabha, sent to select committee
The Union government on Monday introduced the Jan Vishwas (Amendment of Provisions) Bill, 2025, in the Lok Sabha, which was subsequently referred to a select committee for further deliberations. Union minister Piyush Goyal, who tabled the bill, said the legislation seeks to amend 'certain enactments for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business.' Union minister of commerce and industry, Piyush Goyal, speaks in Lok Sabha during the Monsoon Session of Parliament, in New Delhi on Monday. (Sansad TV) The select committee is expected to submit its report on the first day of the next parliamentary session. Among its many provisions, the bill proposes a new mechanism of issuing an 'improvement notice' to first-time offenders instead of imposing an immediate penalty. Monetary penalties would apply only in cases of repeat offences. The move comes after the Union Cabinet cleared the proposal last week, following a year-long process initiated by the commerce and industry ministry on September 28, 2024. The bill builds on the Jan Vishwas Act, 2023, which took effect on August 11, 2023. That law had decriminalised and rationalised certain minor offences across 42 central legislations, scrapped 183 criminal provisions spanning 19 ministries and departments, and aimed to reduce outdated legal hurdles in line with global business and technological trends. One of the main objectives of the Act was to remove provisions in law that no longer serve the evolving technological and business environment, especially in a global context. Union finance minister Nirmala Sitharaman, in her Budget speech on February 1, 2025, had already signalled the next step, '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.' Prime Minister Narendra Modi also underscored the importance of the reform in his Independence Day address. 'In our country, there are such laws that can put people in jail for tiny things — you would be shocked. No one has 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.'


Indian Express
41 minutes ago
- Indian Express
‘Vote chori' row: Opposition mulls impeachment of CEC Gyanesh Kumar
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Business Standard
41 minutes ago
- Business Standard
As many as 409 firms operating from IFSC GIFT City: FM informs Parliament
As many as 409 companies are operating in Gujarat International Finance Tec City - International Financial Services Centre (GIFT IFSC) as on July 31, 2025, Parliament was informed on Monday. "Between October 1, 2020 and July 31, 2025, the number of such companies has grown from 82 to 409. Further, banking, asset management and other financial ecosystems have been included and enabled in GIFT IFSC," Finance Minister Nirmala Sitharaman said in a written reply in the Lok Sabha. Over the last 5 years, the government has provided several progressive policy measures for development of GIFT IFSC, such as - setting up of International Financial Services Centres Authority (IFSCA) as a unified statutory regulator for development and regulation of International Financial Services Centres (IFSCs) in India, she said. To further enhance ease of doing business in GIFT IFSC, the government has also delegated powers of Development Commissioner under the Special Economic Zones (SEZ) Act, 2005 to International Financial Services Centres Authority (IFSCA) and facilitated the launch of a Single Window IT System (SWITS) for IFSC units, she said. Replying to another question, Sitharaman said post Covid-19, the government has consolidated the debt from 61.4 per cent of GDP in 2020-21 to 56.1 per cent of GDP in budget estimate 2025-26. Further, she said, the government aims to keep fiscal deficit in each year in such manner that the central government debt is on declining path to attain debt to GDP level of about 501 per cent by March 31, 2031. The outstanding loan/debt at the end of FY 2024-25 is provisionally estimated at Rs 185.94 lakh crore, she said. Replying to another question, Sitharaman said despite the weakened global trade, India's export performance has demonstrated resilience, with the country's overall exports reaching an all-time high of $824.96 billion in 2024-25. This positive trend has continued into the current fiscal year, with overall exports registering an increase of 5.46 per cent during the first quarter, she said. Furthermore, she said, India's foreign exchange reserves provide a cover for more than 11 months of goods imports. This consistent macroeconomic performance underscores the Indian economy's ability to navigate global and economic uncertainties effectively, she added. The government has undertaken concerted measures aimed at protecting vulnerable sections of society from the adverse effects of economic volatility while sustaining the momentum of broad-based and inclusive economic growth, she said. Flagship schemes such as the Pradhan Mantri Garib Kalyan Anna Yojana, Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Pradhan Mantri Awas Yojana (PMAY), and Deen Dayal Upadhyaya Grameen Kaushalya Yojana, are being implemented to ensure access to the basic essentials, enhance livelihood opportunities, and improve the quality of life for the vulnerable sections. Additionally, initiatives in skilling, entrepreneurship promotion, and social security further reinforce these efforts, she said. In parallel, she said, the government has undertaken wide-ranging measures to stimulate economic growth, including enhanced capital expenditure, infrastructure development, financial sector reforms, and initiatives to improve the ease of doing business.