Which of the following statements is true about the Jan Vishwas (Amendment of Provisions) Bill, 2023 recently passed in Lok Sabha?

Jan Vishwas (Amendment of Provisions) Bill, 2023 passed in Lok Sabha. The Bill proposes to decriminalize 183 provisions in 42 Central Acts administered by 19 Ministries/Departments. Different approaches for decriminalization: removal of imprisonment/fine, introduction of penalty, and compounding of offenses. Measures proposed for effective implementation: pragmatic revision of fines, establishment of Adjudicating Officers and Appellate Authorities, periodic increase in penalties. Benefits of the Amendment Bill: rationalizing criminal provisions, ensuring citizens and businesses operate without fear of imprisonment for minor defaults, balancing punishment severity with offense seriousness, reducing pressure on the justice system, and helping citizens live without fear of imprisonment for minor violations.