Modi government is keen to ascend India’s ranking on Ease of Doing Business Index. To do so, Decriminalising the financial crimes is one of the steps, as per Modi government.
In this edition of Financial Explainer (Aasan Bhasha Mein) we are exploring the definition of Decriminalisation, what does it mean in Indian and Financial context. What is Negotiable instrument act 1881 and its most talked section 138? Difference between civil and criminal court. And Finally one liner definitions of regulatory authorities and acts which will be affected by the previous and upcoming Decriminalisations.