Jan Vishwas Bill 3.0 ready to boost ease of business: Piyush Goyal

The government is ready with the third edition of the Jan Vishwas Bill, aimed at decriminalising various legal provisions to improve ease of doing business, Piyush Goyal said Tuesday

The last iteration of the Jan Vishwas decriminalises 288 provisions to foster ease of doing business and 67 provisions to facilitate ease of living. "The government brought two editions of the Jan Vishwas Bill, and we have already readied the third version of the Jan Vishwas Bill to decriminalise all the provisions of law to make life easier for businesses and for the common man", he said, addressing a FICCI conference. He said he is meeting stakeholders, including representatives from e-commerce, startup and industry, to discuss ways to boost foreign direct investment (FDI) and foreign institutional investment (FII) by making the processes faster, smoother and more efficient.

Amidst the volatile and uncertain environment, India is an 'oasis in the desert' and provides stability, an ecosystem of prosperity and growth, and unity in diversity, the minister said. "It is the politics of trust that is powering India towards becoming a developed nation," he added.


Urging industry leaders to be more ambitious, Goyal stressed the need for a more proactive approach to aid India's growth. "Set bold targets. We can't be satisfied with incremental growth, and we need to venture out of the ordinary. We need domestic capital in startups and R&D."

Highlighting five key expectations from industry, he appealed to industry bodies like FICCI to closely audit the results of their advocacy efforts and expand presence beyond major cities and reach India's remote regions.

"Industry bodies should not remain confined to elite business circles but must widen their engagement to support growth across the country," he added.