The Insolvency and Bankruptcy Code, 2016 gives the creditors with a comprehensive solution for recovery of dues from willful defaulters. While this legislation has been facing teething issues and inconsistencies from its inception, the proactive approach of the government in improving this liquidation law from time to time has led to its significant implementation. Like
The mountain labored and gave a mouse. Expectations from the BJP government’s previous budget were sky-high. Notwithstanding its interim nature — a tradition usually warrants only a vote-on-account, a modest rollover of expenditures to see the government through for the few months until a new one is selected and presents its own budget — the media build-up
The 5 things Modi has got proper on the political economy shows good economics isn’t necessarily bad politics…. Relying completely on where your voting preference lies, the Narendra Modi government has both performed brilliantly or disastrously on the economy in its 5 years. Critics counter, certainly, look at the data, but how do we find
Overstatement of revenue and understatement of expenditure is a constant problem with Indian budgets… The interim budget once more proves that the agricultural schemes announced are just a part of any government’s political arithmetic ahead of the Lok Sabha elections. We saw how the guarantee of farm loan waivers worked out in the recent assembly
The problem of fake news has recently generated substantial discussion around the globe. Several countries and jurisdictions are adopting different measures in response. For instance, Malaysia has enacted and the Philippines seeks to enact criminal legislation against fake news dissemination by individuals. The proposed measures in the European Union, in contrast, are mostly soft in
Introduction Company’s part in preventing sexual harassment at the workplace does not end with just inserting up an Internal Complaints Committee (ICC). Other things such as anti-sexual harassment policies, notice at the workplace and conducting sessions for the employees. The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 also known as
Introduction Bigamy was prevailing from time immemorial in different religions. There was a point when it was common for a King to marry several women to expand their territory or relation with other rulers. India is a broad and diverse country. It consists of distinct religions, caste, and beliefs of people. Hence, Personal laws govern
Introduction The Internet has changed people’s way of communicating. Plus, the way people are doing business has also changed the Internet and electronic data exchange. It developed a new kind of trade and trade called e-commerce. E-commerce is increasing with a high level of internet penetration worldwide and the rise of internet users. High speed
The relief in income tax effectively strengthens the great Indian middle class whose expansion of purchasing power holds the key for India’s future. The Interim Budget bestowed by Shri Piyush Goyal today marks a high point in the policy directions that the Government directed by PM Shri Narendra Modi has given to this nation. Interim
Union Finance Minister Piyush Goyal declared in the budget speech in Parliament today that full income tax rebate will be provided for individual annual income up to Rs. 5 lakhs for the financial year 2019-2020. “Individuals with taxable income of Rs.5 lakh annually will get full tax rebate“, the minister said. This is estimated to
What is Competition Law? Competition Law is created to sustain and promote fair and healthy competition between enterprises in the market. It strives to protect the interests of the consumers and ensure freedom of occupation carried on by other players in the market by regulating the conduct of these enterprises and by refraining them from
“The biggest guru-mantra is: never share your secrets with anybody. It will destroy you”. –Chanakya Chanakya – Philosopher, Economist and a Jurist Nothing supports belief better than reality. 2400 years ago, Kautilya organized the Arthashastraand with it he proved to be a kingmaker as he enabled the inception of the Gupta dynasty by destroying the Nanda
Innovation distinguishes between a leader and a follower. –Steve Jobs 1. Data: Making its presence felt in the legal system Big data lies at the very core of the practice of law. Digitization, organization, and synthesis of legal data can radically increase transparency, accountability, and efficiency within the field. We are witnessing many applications of
Sidhant Malhotra https://www.lawordo.com/ Authored by: SIDHANT MALHOTRA AMITY LAW SCHOOL, NOIDA What is Medical Negligence? The definition of ‘Medical Negligence’ has continued unchanged over the time- “Failure to exercise reasonable skill as per the general norms and the prevalent situation is termed as medical negligence.” Medical Negligence is the tort which exercises cognizance of
TALKING ABOUT FACTS A study carried by a charity by the name ‘Live Love Laugh Foundation’ at the beginning of 2018 inferred that 87% of the respondents showed awareness, out of which 71% of them used the word ‘stigma’ or connected terms with mental illnesses. Hence, it is the law which has to step into
PRELUDE The Internet is the global system of interconnected computer networks which started 40 years back. The internet and computer networks have developed rapidly. The Internet has spread its root beyond the United States after its evolution, social media users in India have reached 226 million till date. The internet was started to share research
“A founder can carry an institution only so far, and then others have to step in, even the alumni. That’s how an institution becomes one.” – Shiv Nadar Introduction Entrepreneurs are usually known to seek external capital and support to hasten their growth. This system is true especially in markets that are hotly contested and where fast
Insolvency and Bankruptcy Code, 2016 (the “IBC”) was enacted because the earlier legislation was lopsided and favored the corporate debtors resulting in huge outstanding debts to banks and financial institutions. Say for instance, according to section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, the protection also extended to the guarantors and therefore,
Introduction The Preamble is an introductory statement, stating the aims and goals of the constitution. Consequently, the preamble to the Indian constitution spells out the basic philosophy included in the body of the Indian Constitution. The Preamble, in summary, describes the goals of the Constitution in two ways: 1, about the structure of the governance and
Abstract When we open a web page, we sometimes come across color snippets of different sizes appearing or to say popping up on the screen. These snippets invariably show us something to buy or subscribe or for that matter they are advertisements. However, sometimes we also find some pages suddenly opening up by them containing
“There can be no daily democracy without daily citizenship.” – Ralph Nader Citizenship Law in India Citizenship law in India is governed by the Citizenship Act, 1955 and The Constitution of India. India is among countries whose citizenship law is incorporated in the constitution itself. Due to inevitable circumstances arose because of the partition of India and Pakistan and the
Talking about Numbers – The current Jewish population of India is likely less than 4,500. The number of Cochin Jews remaining in India is approximately 50, Baghdadi Jews number no more than a few hundred, and the balance is Bene Israel. Jewish Community in India There are 3 prominent Jewish communities across India. Jews from coastal Kerala known as Cochin Jews
AMAZING FACT The lawn premises of SC a black bronze sculpture was sculpted on 20 Feb 1980 which was designed by the artist Chintamoni Kar having a height of 210 cms. This statue consists of a lady giving shelter to her child, who is holding an open book in his hands. It portrays Mother India as the lady and
The injunction to be nice is used to deflect criticism and stifle the legitimate anger of dissent. – Malcolm Gladwell Introduction An injunction is a prohibitive writ issued by a court of equity, at the suit of a party complainant, directed to a party defendant in the action, or to a party made a defendant
