Revolutionizing Penalties and Power: Jan Vishwas Amendments and its Impact on Payment Systems Act
The Jan Vishwas (Amendment of Provisions) Act, 2023 (“JV Act”) which received the assent from the President of India on 11th August 2023 amends 42 acts with an intention to decriminalize and rationalize minor offences and aims to “enhance trust- based governance for ease of living and doing business.”. The JV Act has a notable …