31 Jul 2019

In this digital era, data has become one of the most valuable assets to own. Elections have been won and international alliances have toppled because of support that could be garnered by utilizing data analytics. While heated debate surrounding data breaches by private entities baffles the world, at home, the Indian Government has monetized from sale of personal data of Individuals, apparently in the pretext of “public purposes”.>>

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25 Jul 2019

We often hear that various Government’s both at the central and state level are trying to achieve Ease of Doing Business (“EoDB”) and Ease of Living (“EoLiving”). However, in terms of land, both EoDB and EoLiving is still a distant dream. It must be noted that EoDB, with respect to land, has been adversely affected due to the existence of corrupt practices in land transactions, the existence of multiple litigations and lack of credibility of land records. Similarly, in order to achieve EoLiving, the concerns of the farmers and small landholders with respect to litigations, encroachments, etc., must be efficiently addressed. It is imperative that the aforementioned concerns are sufficiently addressed by the Government (both at the Centre and the States) through its initiatives which increases the confidence of the businessmen, investors, and people of India, in general, on the credibility of land titles.>>

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24 Jul 2019

India’s economic growth in the last three decades has not seen a parity in terms of workforce participation. Essentially, India has one of the lowest labour force participation rates (LFPR) for urban women – one that has stayed consistently below 25 percent, and in some states below 15 percent. Having a young child in the home depresses mothers’ employment, an inverse relationship that has intensified over time. Therefore, motherhood places a “penalty” on almost all female workers, unless formal or informal institutions step in to share care responsibilities with women or female wages are high enough to compensate for the monetary and non-monetary costs of childcare.[i]>>

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19 Jul 2019

Recurrent cases of insider trading in eminent corporates has necessitated periodic updation of regulations to meet the needs of the ever-evolving market. The social culture of casually discussing or watsapping Unpublished Price Sensitive Information (UPSI), that is not only difficult to track but also poses evidentiary challenge in the court, needed immediate overhauling. Further, placing all the investors trading in the secondary market on equal footing to ensure symmetrical flow of information among them is exemplar of the non-partisan philosophy that the regulatory authority strives to establish. Towards this objective, the Securities and Exchange Board of India (SEBI), on the recommendations of Shri T. K. Vishwanathan’s Committee on Fair Market Conduct, introduced a myriad of changes through an amendment to the SEBI (Prohibition of Insider Trading) Regulations, 2015 which came into effect in April 2019. Notwithstanding the earnest intention behind the modifications, the amendments are not infallible and could encounter a lot of implementation challenge.>>

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10 Jul 2019

The Specific Relief Act, 1963 (SRA) was amended last year with the objective of changing the approach from ‘damages being the rule and specific performance being the exception, to specific performance being the rule, and damages being the alternate remedy’. These amendments were made to encourage foreign investment in India and make laws more business friendly. The expert committee set up for the purpose, in its report dated 26.05.2016[i], recognized the increasing complexity of large projects, and particularly the public interest involved in contracts with the Government and Government agencies for infrastructure development, public-private partnerships and other public projects involving huge investments. Consequently, the Legislature introduced changes to specifically address the infrastructural need of the country. The Amending Act received presidential assent on August 1, 2018 and came into force on October 1, 2018.>>

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