Reading Time: 9 mins The Major Ports Authorities Bill, 2020 which was introduced in the Lok Sabha in March 2020 is the next in line reform measure in an attempt to modernize and optimize the working of major public sector infrastructure. The Bill attempts to bring major reforms in the administration and working of Major ports in India as it is poised to grow very fast in the upcoming period on account of a major focus on the indigenous manufacturing sector and larger developmental needs.
Reading Time: 6 mins The COVID-19 crisis has affected businesses across India in various ways like a drop in demand, labour shortage, supply chain disruption, etc. One of the impacts of the crisis is on the firms’ ability to fulfil obligations under various contracts in India. In this context, firms are looking at the ‘Force Majeure’ clause to provide respite in times of such unforeseen crises not only in the present but also in the future.
Reading Time: 8 mins Recently, the Lok Sabha passed the Aircraft Amendment Bill 2020. The bill seeks to revamp the ailing aviation sector affected by number of issues the most recent of which are the COVID-19 crisis and the nationwide lockdown. The bill comes after the poor audit report from the ICAO which pointed out the loopholes in the regulatory system as one of the key causes of concern, also an issue that this bill seeks to address.
Reading Time: 7 mins The Parliament recently passed the Mineral Laws (Amendment) Bill, 2020. The mining sector in India has been going under a face change since last year as the government took a series of actions regarding the mining sector. In the fourth tranche of the Atmanirbhar economic package, the Finance Minister spelled out reforms in the Mining sector. In this background, it is important to study the above-mentioned Bill.
Reading Time: 7 mins In India, the market prices are dictated by demand and supply. However, it is affected by sporadic cases of hoarding, extreme weather events, natural calamities, etc. Hence the government is empowered by certain laws like the Essential Commodities Act- to intervene to protect the consumers’ interest. The government used the EC Act to ensure rational pricing and prevent hoarding of hand sanitizers and masks- basic necessities for tackling the COVID-19 crisis. It has been used by the government over the years to protect consumers in times of shortages. This law has also seen several amendments over the years- seeing a trend of becoming increasingly stringent in its provisions. However, the Union Cabinet approved an ordinance to amend the 1955 Act- relaxing some of its provisions.
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.