MEANING OF MAXIMUM RETAIL PRICE Maximum Retail Price (MRP) is the highest possible price fixed by the manufacturer that can be charged for a product from a customer. Retailers may choose to sell products at the MRP or for less than the MRP. Under the Consumer Goods (mandatory printing of cost of production and maximum…
INTRODUCTION: Human beings are a product of the environment; hence, a stable environment is a prerequisite for their sustenance. However human beings for their selfish interests have exploited the environment for all its worth causing its deterioration and destruction. While the environment has endlessly nourished its inhabitants, man’s greed for economic benefits poses a great…
INTRODUCTION Absolute monarchies were the first states to form in Europe during the early modern era. The king held most of the authority in these hierarchical or organic governments. However, as their economies changed, culminating in the industrial revolution, so did political beliefs about how people should be governed. In the second part of the…
“If all mankind were to disappear, the world would regenerate back to the rich state of equilibrium that existed ten thousand years ago. If insects were to vanish, the environment would collapse into chaos.”~ E. O. Wilson INTRODUCTION In the contemporary scenario when the havoc of environmental degradation is at new heights, the need for effective…
Introduction: In India, lesbian, gay, bisexual, and transgender (LGBT) rights have progressed dramatically in recent years. However, Indian LGBT individuals continue to suffer societal and legal challenges that non-LGBT citizens do not encounter. What do you understand by LGBTQ? LTGQB are abbreviations for lesbian, gay, bisexual, transgender, queer or questioning. These phrases refer to a person’s…
Introduction Every law student or lawyer wants/ wish to get into good law firms but a few are able to crack the interview as they lack certain skills which are obligatory. This blog will make you assimilate most of the skills which help any law student or lawyer to get into TIER 1 law firms.…
What do you understand by Arbitration? “Arbitration” is a dispute settlement process between two or more parties. It is the objective through which conveyed by a Contract or Agreement. In this, parties agree to resolve their conflicts, utilizing mediation or conciliation. The Arbitration and Conciliation Act, 1996 of Section 2 defined Arbitration as (a)…
What are Immovable Property?Section 3 (1) of the Transfer of Property Act of 1882 defines immovable property. Indian law has accepted the technical separation of property into real and personal property recognized by English law, rather than the split of property into moveable and immovable. Their Lordships of the Privy Council stated in Futtehsang v.…
Annual government reports from the National Crime Bureau reveal that over 50 lakh crimes are committed in India every year, according to the National Crime Bureau. With a population of over 130 million people and a society beset by economic and social problems, a slew of crimes are reported in the country on a daily basis. Some crimes, on the other hand, stand out for the sheer amount of intelligence and brainpower that went into them. Several crimes in India have raised eyebrows, ranging from exploiting systemic flaws to devising novel methods of evading law enforcement authorities. A list of the five most intelligent crimes committed in India is presented to you: Harshad Mehta’s Securities Scam of 1991 was the first of its kind. In India, a stockbroker known as Harshad Mehta, also known as the ‘Big Bull’ on the Bombay Stock Exchange, cleverly extracted large sums of money from the banking system by taking advantage of their loopholes and investing the resulting wealth in the stock market, earning him the nickname. He engaged in massive stock manipulation, in which he not only drained capital from the banking system but also increased demand for certain stocks, which he then sold at a much higher profit, enabling him to amass millions of dollars. Mehta was successful in manipulating share prices through this system to the point where shares of companies such as ACC, one of India’s largest cement producers, increased from Rs 200 per share to Rs 9000 per share in a matter of three months. Sucheta Dalal, a Times of India columnist who was later awarded the Padma Shri, was the person who brought the scam to light. When this scam was exposed, the stock markets went into freefall. This scam had swindled at least Rs 40 billion from the Indian banking system, making it not only one of the most intelligent crimes committed in India but also one of the most expensive crimes committed anywhere in the world. Harshad Mehta was arrested in December 2001 and died in Thane prison as a result of a heart condition. He had a total of 28 cases filed against him at the time of his arrest. Unknown Indian hacker (the perpetrator of the world’s largest cybercrime) In 2008, an unknown Indian hacker was arrested and charged with the largest cybercrime in history. The man was accused of aiding a criminal gang in hacking into the identities of an estimated eight million people in a hacking raid that could have resulted in a net worth of more than £2.8 billion in illegal funds. Using an underground network operated by the Russian mafia, he was able to breach the IT defenses of the Best Western Hotel group’s online booking system in the United Kingdom and sell the information on how to get into the system. Data exposed in the breach included a variety of private information, including home addresses and telephone numbers, as well as credit card information and employment information. The Sunday Herald newspaper in Scotland discovered the flaw and alerted the hotel’s management, who were able to close the security breach in time, but the stolen information was already being exploited by cybercriminals at the time. It has not been possible to determine the identity of the original Indian hacker, confirming the event’s status as one of the most intelligent crimes committed in India to date. The Burglary at the Sydney Opera House In March 1987, Mohan Singh pretended…
As more and more women began to enter the workforce in an emerging Indian economy, the malady of sexual harassment began to manifest itself in a variety of fields. From the police and the army to multinational corporations and sports, it is regrettable that no field of human endeavor has been left unaffected by this tragedy. A legislative solution that could protect the rights of these working women was urgently required. As has been the case with many laws, it was judicial activism that brought this one to the attention of the public for the first time. What Do you Understand by Sexual Harassment in the workplace? The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act of 2013 was passed to combat sexual harassment of women at work. It defined sexual harassment, outlined the procedures for filing a complaint and conducting an investigation, as well as the actions that would be taken. It widened the scope of the Vishaka guidelines, which had already been established. The Supreme Court of India issued a judgment in 1997 that established the Vishaka guidelines. This was in the context…
