NITI AAYOG MOOTS PRIORITY SECTOR LENDING FOR EVS. NEW DELHI: Including electric vehicles in the Reserve Bank of India’s (RBI) need area loaning (PSL) rules can supplement the $300 million office and urge the monetary area to prepare important capital, a Niti Aayog report has suggested. “Incorporation for retail loaning to EVs can possibly build…
INTRODUCTION Almost every transaction in our environment is the outcome of a contract. When you buy veggies from a merchant, you agree to give him money in return for the vegetables. If you run a store, you sign into two contracts: one with the maker of the items and another with the client who will…
INTRODUCTION The Latin maxim ‘Nil Novi Spectrum’, which means “nothing new on this earth,” is best suited for India’s Juvenile Justice system. Since the beginning of time, there has been an assumption across the world that juveniles should be treated leniently since there is a school of thinking that says– Young people have a tendency…
INTRODUCTIONThe proposed amendments to the Competition Act, 2002 were released by the Ministry of Corporate Affairs (MCA). For the purpose of analysing the Act and related laws and regulations, the MCA established an independent, powerful committee known as the Competition Law Review Committee (CLRC). The CLRC recommended various revisions to the Act’s substantive and procedural…
INTRODUCTIONThe Imperial Legislative Council of India passed the Indian Evidence Act in 1872, during the British Raj, and it contains a set of regulations and related concerns governing admissibility of evidence in Indian courts of law.The Indian Evidence Act, also known as Act No. 1 of 1872 or the Indian Evidence Act, 1872, was enacted…
INTRODUCTIONFamily disputes should be handled differently from conventional civil proceedings, according to the 59th Law Commission Report (1974) and the Committee on the Status of Women (1975). According to the Law Commission study, states should establish family courts and Judicial Officers should be chosen based on experience to assist society.DEFINATIONThis act called family court act,…
INTRODUCTIONA Hindu marriage is the most important sacrament under Hindu law. It’s a ritual ceremonies where both bridegroom and bride become a union of indissoluble means flesh with flesh, bone with bone to be continued in next world which is accept by all Hindus. Marriage was meant for doing good deeds and attain moksha.DEFINATIONAccording to…
The normal rule is that an order or a judgment of the High Court will operate only within its territorial jurisdiction. Article 226(1) of the Constitution says that a High Court shall have powers “throughout the territories in relation to which it exercise jurisdiction”. This has been reiterated by the Supreme Court in several decisions…
INTRODUCTIONThere are various levels of judiciary in India – different types of courts, each with varyingpowers depending on the tier and jurisdiction bestowed upon them. They form a strict hierarchy of importance, in line with the order of the courts in which they sit, with the Supreme Court of India at the top, followed by…
Meaning:According to Sec. 5 of the Banking Regulation Act, 1949, a banking company means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawn by Cheque, Draft, Order, or otherwise. In short, a banking company means and includes any company which carries…
