&w=3840&q=100)
Chhattisgarh passes Jan Vishwas Bill, boosts ease of doing business
R Krishna Das Raipur
Listen to This Article
In a major step towards creating a business-friendly environment, the Chhattisgarh Legislative Assembly on Friday passed the Jan Vishwas Bill marking a key step towards improving ease of doing business and living in the state.
With the passage of the Bill, Chhattisgarh emerges as the second state to decriminalise offences following Madhya Pradesh which passed this legislation back in December last year.
The Bill aims to decriminalise minor technical violations by citizens and business owners — many of which stemmed from outdated British-era laws. Offences committed under the newly introduced bill will attract monetary penalties instead of criminal charges. It
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
41 minutes ago
- Time of India
UK firms can offer telecom, construction services in India without local office under CETA
New Delhi: Companies from the UK will be able to offer services in sectors such as telecom, and construction in India without setting up a local presence, under the free trade agreement signed between the two countries. The British firms will be treated on par with Indian firms. The Comprehensive Economic and Trade Agreement (CETA) was signed on July 24 in London. It may take about a year for items implementation as the free trade pact needs approval from the British Parliament. "UK companies can now provide telecom, construction, and related services in India without establishing a local presence, enjoying full national treatment, meaning they will be treated on par with Indian firms," the commerce ministry said. Services is a key chapter in the agreement as both countries are strong in different kinds of services. India enjoys a trade surplus of around USD 6.6 billion with the UK. The country's services exports stood at USD 19.8 billion and imports at USD 13.2 billion. In the agreement, the UK has provided a comprehensive and deep market access in 137 sub-sectors to Indian firms. On the Indian side, commitments have been extended in 108 sub-sectors, granting UK firms access to domains like accounting, auditing, financial services (with FDI capped at 74%), telecom (100% FDI allowed), environmental services, and auxiliary air transport services, it said.>
Time of India
2 hours ago
- Time of India
Oil rises as US-EU deal lifts trade optimism
Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand . Brent crude futures inched up 22 cents, or 0.32%, to $68.66 a barrel by 0035 GMT while U.S. West Texas Intermediate crude was at $65.38 a barrel, up 22 cents, or 0.34%. Explore courses from Top Institutes in Please select course: Select a Course Category Cybersecurity Data Science Leadership Artificial Intelligence MCA CXO Product Management Project Management Operations Management Design Thinking Technology Others Digital Marketing Data Analytics healthcare Finance Data Science MBA PGDM Management others Healthcare Degree Public Policy Skills you'll gain: Duration: 10 Months MIT xPRO CERT-MIT xPRO PGC in Cybersecurity Starts on undefined Get Details The U.S.-European Union trade deal and a possible extension in U.S.-China tariff pause are supporting global financial markets and oil prices, IG markets analyst Tony Sycamore said. The United States and the European Union struck a framework trade agreement on Sunday that will impose a 15% import tariff on most EU goods, half the threatened rate. The deal averted a bigger trade war between two allies that account for almost one-third of global trade and could crimp fuel demand. Also, senior U.S. and Chinese negotiators will meet in Stockholm on Monday aiming to extend a truce keeping sharply higher tariffs at bay ahead of the August 12 deadline. Live Events Oil prices settled on Friday at their lowest in three weeks as global trade concerns and expectations of more oil supply from Venezuela weighed. Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to Biden-era licenses, once U.S. President Donald Trump reinstates authorisations for its partners to operate and export oil under swaps, company sources said. Though prices were up slightly on Monday, the prospect of OPEC+ further easing supply curbs limited the gains. A market monitoring panel of the Organization of the Petroleum Exporting Countries and their allies is set to meet at 1200 GMT on Monday. It is unlikely to recommend altering existing plans by eight members to raise oil output by 548,000 barrels per day in August, four OPEC+ delegates said last week. Another source said it was too early to say. The producer group is keen to recover market share while summer demand is helping to absorb the extra barrels. JP Morgan analysts said global oil demand rose by 600,000 bpd in July on year, while global oil stocks rose 1.6 million bpd. In the Middle East, Yemen's Houthis said on Sunday they would target any ships belonging to companies that do business with Israeli ports, regardless of their nationalities, as part of what they called the fourth phase of their military operations against Israel over the Gaza conflict.
Time of India
2 hours ago
- Time of India
Erdogan Drops 'SCARY' 970-Kg Bombs; 'Gazap' Mega Bomb, NEB-2 Bunker Busters Message To Israel?
Internet Is Losing It Over This Reporter After She Cross-Questioned Karoline Leavitt An NBC News reporter is being praised for 'grilling' White House Press Secretary. Viewers have branded her a 'bad a**' after she pressed Karoline Leavitt. The reporter questioned Leavitt over claims about former president Barack Obama. Trump has alleged that Obama-era officials manipulated intelligence to harm his 2016 campaign. Reporter questioned and cross-questioned Leavitt about Obama's presidential immunity. This viral exchange has garnered over 3 million views, with netizens jumping in on controversy. Watch- 1.4K views | 1 day ago
