Real Estate (Regulation and Development) Bill, 2016: Real estate sector has been a highly unorganised sector paving way for many corrupt activities, defaults and delays much to the dismay of real estate property buyers. There was a compelling need to have a law that brings in systematisation and transparency in the field. Hence, Real Estate (Regulation and Development) Bill, 2016 was passed by the Rajya…
It is important to know about the Lokayukta before we discuss about Anti-Corruption Bureau. Lokayukta: Karnataka was the first state that established the anti-corruption watchdog, the Lokayukta in 1984 under the Karnataka Lokayukta Act. The concept was borrowed from the model existing in Scandinavian block of countries that are considered as some of the least corrupt countries. In its term of 32 years, Lokayukta has been…
Sectoral Analysis of Union Budget 2016. Finance Minister, Arun Jaitley presented the Union Budget for 2016 -17 on February 29th, 2016. The PowerPoint presentation below contains a brief sectoral analysis of the same. sectoral-analysis-of-budget-2016 EPF has been tax exempt in all three stages: investing, interest accumulation and withdrawal. This budget sought to impose tax on 60% of the corpus of the withdrawal. Concerns were raised regarding…
The JNU Episode: The JNU episode has estranged the people of this country like never before. Four students of Jawaharlal Nehru University who were ex members of Democratic Students Union (DSU) had sought permission to hold a cultural event. Subsequently, there were posters hung in the campus condemning the judicial killing of Afzal Guru and Maqbool Bhat and expressing solidarity with the Kashmiri’s right to…
Law that protects Scheduled Castes and Scheduled Tribes “Together we imagine a circle of compassion with no one standing outside of it.” – Peggy O’Neill, S.C. It was in 2014 that UPA had promulgated Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Ordinance on 4th March. However, that was right before Lok Sabha elections. So, when NDA came to power, they referred the Bill…
Debentures and Fixed Deposits! The difference between the two. Watch video: Debentures and Fixed Deposits from Prerana Saraf on Vimeo. There is always a confusion on whether one must invest in non convertible debentures or fixed deposits. The video above explains the concepts and how they are different. Investors are always looking out for opportunities that can give them attractive returns with less risk. Keeping this…
Caste System in India ‘The value of a man is reduced to a vote, to a number, a thing – Rohith Vemula’ History of Caste System in India: Have you ever thought of how human beings were classified into different castes? Even wondered how it originated and why it is so ironclad that the society refuses to bid farewell to something that is man-made? Isn’t…
Free Basics: Free Basics was a programme launched by Facebook on February 10, 2015. It was relentlessly opposed right from the time it was launched as internet.org in early 2015. Many raised doubts about it, as ‘.org’ instead of ‘.com’ is only provided to charitable organizations and providing internet connectivity to a few handpicked people does not make it a charitable institution. Facebook then renamed…
Juvenile Justice Act, 2015 Preserve rehabilitation but punish the ostensible juveniles! Introduction to Juvenile Justice Act: The Rajya Sabha finally passed the long awaited Juvenile Justice Bill on 22nd December, 2015. The Lok Sabha passed it on 7th May, 2015. The Juvenile Justice (Care and Protection of Children) Act, 2015 came into force on 1st January, 2016 after it received the President’s assent on 31st…
National Herald Case The riveting National Herald Case that gave Congress another reason to stall the functioning of the Parliament yet again has drawn everyone’s attention, and why not? What with Congress members bawling slogans like “Down with dictatorship… Vendetta politics wont work.’ Sonia Gandhi stating that ‘I am the daughter-in-law of Indira Gandhi, I am not scared of anyone.’ The statement is ironic in…