Reading Time: 8 mins The labour laws in India have been on the anvil for the last few years now. In addition to that, the current pandemic has brought upon huge investment opportunities. The employment scenario has taken a dent too. So, both in anticipation of investment incomings and to strengthen the efforts in employment creation, many state governments have taken to the task of reforming its labour laws. In this scenario, it is opportune to study the status of labour laws in India.
Reading Time: 11 mins Direct tax contributes to a significant portion of the government’s revenue. However, with the growing economic crisis due to the coronavirus outbreak, the government was forced to ease tax burdens on individuals. The Income Tax department has set its budgetary direct tax collection target for 2020-21 at Rs.13.19 lakh crore, 28% higher than the actual collection in the last fiscal, which ended on May 31, with a huge reliance on Vivad se Vishwas scheme that provides for a direct tax dispute resolution mechanism. Yet, this novel scheme is also facing challenges due to the pandemic. It is necessary to ease pressure on taxpayers to increase spending and promote new businesses, while also ensuring necessary revenue sources for the government.
Reading Time: 7 mins Electricity is one of the most critical components of infrastructure which is essential for sustained growth of the Indian economy and welfare of the nation. Ministry of Power, in an attempt to further develop the power sector, has issued a draft proposal for amendment of the Electricity Act, 2003 in the form of the draft Electricity Act (Amendment) Bill. This is the fourth draft since 2014.
Reading Time: 5 mins Justice is a foundational value of the Indian value system. After Independence, it expectedly became one of the basic principles on which our constitution is based. Despite that, there is an inequality in justice delivery. The time, space, and money quotient of the current judicial process makes it imperative to search for alternate and complementary mechanisms that can make the justice delivery more accessible, democratic, and effective. The formation of Gram Nyayalayas is such one step.
Reading Time: 5 mins With the growing instances of attacks on healthcare workers and police officers, who are engaged in tracking and treating patients suffering from COVID-19, at least two states, Uttar Pradesh and Madhya Pradesh have booked offenders under the National Security Act. Though the invocation of the National Security Act is necessary under these circumstances, changes must be made so that this law is not exploited by the authorities due to the loopholes that exist within its provisions.
Reading Time: 8 mins On 24th March 2020, Prime Minister Narendra Modi had announced a nation-wide lockdown, from 25th March 2020 to 14th April 2020. The nationwide lockdown aims to combat the COVID-19 outbreak that is infecting thousands of people across the country and is intended to enable the concept of “social distancing” to contain the spread of the virus. The lockdown has legal backing based on Epidemic Diseases Act, 1897 and Disaster Management Act, 2005.
Reading Time: 7 mins Recently, the Parliament had passed the Mineral Laws (Amendment) Bill, 2020 to make changes in the Mines and Mineral (Development and Regulation) Act, 1957 and the Coal Mines (Special Provisions) Act, 2015. This is a significant step towards boosting the economy that is currently facing the brunt of the global recession and the pandemic. Though this Bill may improve India’s balance sheets by reducing the coal imports, it simultaneously causes a significant impact on the environment by opening the mining sector to the private players. The government must ensure that there is a strict regulation so that the people and the environment do not feel the negative impact of this move.
Reading Time: 6 mins On March 11, 2020, the Cabinet Secretary announced that all states and UTs should invoke provisions of Section 2 of the Epidemic Diseases Act, 1897 so that Health Ministry advisories are enforceable. As the number of cases in India has crossed 120 and is already in Stage 2 (local transition) of COVID-19, it is vital to enforce necessary measures to prevent the country from moving to stage 3, which involves community transmission of the disease. The Epidemic Diseases Act, despite being more than 100 years old, is playing a crucial role in dealing with the current outbreak. However, this colonial-era law has numerous limitations that need to be reformed to prepare the country of future epidemic outbreaks.
Reading Time: 5 mins Banking Regulation (Amendment) Bill, 2020 was introduced in Lok Sabha on 3rd March 2020 to improve cooperative banks’ management and regulation so as to protect the interests of the depositors. It also proposed to strengthen the cooperative banks by increasing professionalism, enabling access to capital, improving governance and ensuring sound banking through the RBI. This bill seeks to ensure that PMC-like frauds are not repeated in the future.