February 1, 2020 In Blog, Uncategorized

UNION BUDGET 2020: POLICY HIGHLIGHTS

The Union Budget for 2020-21 was announced by Mrs Nirmala Sitharaman, Minister for Finance and Corporate Affairs, Government of India, in Parliament on 1st February, 2020. This year’s Union Budget centres around three ideas — Aspirational India, Economic…

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February 1, 2020 In Blog, Uncategorized

INCOME TAX SLAB UNDER THE UNION BUDGET 2020

In the Union Budget 2020, Finance Minister, Mrs. Nirmala Sitharaman has announced new slabs for income tax rates for those earning up to 15 Lacs per annum/15 L.P.A. The new Income Tax Slab would come into effect from…

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February 1, 2020 In Blog, Uncategorized

UNION BUDGET 2020 PROVIDES FOR IMPROVEMENT OF AIR QUALITY INDEX

The Finance Minister, Mrs. Nirmala Sitharaman, has recently presented the Union Budget 2020-21 on 01-02-2020, whereunder the Government has proposed plans for improving air quality index in India, as air pollution and air-borne diseases have become quite a…

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February 1, 2020 In Blog, Uncategorized

COLLABORATION BETWEEN INDIA AND RUSSIA IN THE OIL AND GAS SECTOR

In 2017 India and Russia celebrated the 70th anniversary of establishing their diplomatic relations. India and Russia have always had heartfelt relations between both the Governments, its people and businesses. While relations continue to develop between the two…

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February 1, 2020 In Blog, Uncategorized

VIOLATION OF KNOW YOUR CUSTOMER NORMS AND ITS IMPACT

Know your Customer (KYC) is a process by which banks get information of customers’ identity. The Reserve Bank of India (RBI) had issued KYC Guidelines in 2002 and since then RBI has become stricter in dealing with violation…

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February 1, 2020 In Blog, Uncategorized

SUPREME COURT HOLDS THAT PROTECTION OF ANTICIPATORY BAIL IS NOT SUBJECT TO TIME CONSTRAINTS

In light of the recent ruling of Hon’ble Supreme Court of India titled as Sushila Agarwal And Other Vs State (NCT Of Delhi) And Others vide it’s Judgment dated 29.01.2020, the Apex Court held that the protection under…

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February 1, 2020 In Blog, Uncategorized

HIGHLIGHTS OF THE UNION BUDGET 2020-21

Recently, the Union Minister for Finance and Corporate Affairs, Mrs. Nirmala Sitharaman has presented the Union Budget 2020-21 in the Parliament on 01-02-2020 (Budget). The Budget has made provisions for reforms in various sectors including agriculture, rural development,…

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February 1, 2020 In Blog, Uncategorized

INDIA’S IMPROVED WORLD BANK RANKING OF EASE OF DOING BUSINESS 2019

The World Bank has recently published the Ease of Doing Business Rankings for 2019-20, whereunder, India has bagged the 63rd position based on the following criteria. Amongst the other rank holders, New Zealand has been ranked at the…

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January 25, 2020 In Blog, Uncategorized

WRIT OF HABEAS CORPUS CANNOT BE INVOKED FOR THE PREMATURE RELEASE OF CONVICTED PRISONERS

The Writ of Habeas Corpus is generally filed to enquire about the whereabouts of a person. It has been misused by some litigants as a useful tool to try and get release of the detained person from prison….

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January 25, 2020 In Blog, Uncategorized

HIGH COURT RULES THAT NO BAR UNDER IBC ON INITIATING CRIMINAL PROCEEDINGS AGAINST THE CORPORATE DEBTOR

The Hon’ble High Court of Madras vide its Order dated 09.01.2020 has recently delivered a significant ruling in the matter of Mr Ajay Kumar Bishnoi Vs M/s. Tap Engineering, [MHC CR 34996/2019] and held that acceptance of the…

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