Why is it in the news?
Passed by Lok Sabha to improve ease of doing business
Category: Governance / Economy
Important Points:
● Amends 784 provisions across 80 Central Acts
● Decriminalises 717 minor offences
● Replaces criminal penalties → civil penalties
● Introduces “warning-first” approach
● Covers laws: RBI Act, FSSAI Act, Motor Vehicles Act etc.
● Establishes Adjudicating Officers & Appellate Authorities
● Based on NITI Aayog consultations
● Reduces burden on judiciary
● Promotes trust-based governance
● Improves regulatory transparency