Vaishnaw for reforming laws to suit India’s growth requirement

New Delhi, March 7

Union Minister Ashwini Vaishnaw on Thursday made a case for reforming economic laws to suit India’s growth requirement as has been done through enactment of three new criminal laws to replace the colonial-era legislations.

Addressing an event organised by government think tank NITI Aayog, Vaishnaw said the country is going to witness changes in criminal jurisprudence with the enactment of Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and Bharatiya Sakshya Act.

“Similarly, the economic laws too need to change in view of our current needs and growth requirements,” the Minister of Communication, Railways and Electronics & IT said.

The three criminal laws got the Parliament’s approval on December 21 last year and President Droupadi Murmu gave her assent on December 25.

These legislations will replace the Indian Penal Code, the Code of Criminal Procedure and the Indian Evidence Act of 1872, respectively.

“If you hire 2,000 good lawyers then you can reform about 35,000 laws in the next five years,” he added.

Vaishnaw also launched government think tank NITI Aayog’s platform ‘NITI For States’, a digital public infrastructure for policy and governance.

At another fintech event on Wednesday, he said mobile phone exports from India would grow more than five-fold to $50-60 billion in the coming time from about $11 billion last year. Employment in the electronics manufacturing sector will increase from about 10 lakh at present to 25 lakh in the coming days, he said.

“Ten years ago, India imported 98% of mobile phones. At present, 99% of the devices are made in India,” he said. — PTI

25 lakh jobs to be created soon

• Employment in the electronics manufacturing sector will rise from 10 lakh to 25 lakh in coming days, says minister Vaishnaw.
• Mobile exports may grow to $50-60 billion. 10 years ago, India imported 98% mobiles, but now 99% devices are made in India, he adds.

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