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The main features of the Act can be summarised thus:-The Actapplies to every establishment in which 20 or more workmen are employed or wereemployed on any day on the preceding 12 months as contract labour and to everycontractor who employs or who emp ..
THE HINDUMay 2, 2008Judges are public servants, not bossesV.R. Krishna IyerContrary to what the Chief Justice of the Supreme Court recently said, the Right toInformation Act does cover ‘constitutional authorities.’Absolute power and egregious error w ..
Impact of Recent Judgments on LabourPresentation by Adv. Prem Krishan Sharma[“Has the judiciary turned its back on the poor?” A Seminar, 4th Nov 2006, NewDelhi]After independence, the concept of social justice was introduced and the labour law develo ..
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 10, 2008 to March 14, 2008.All Figures are in USD MillionsMERCHANTINTER BANKPositionDateSpotFCY/INRForwardFo ..
The Indian Economy and the Reserve Bank of India: Random Thoughts(Shri Yeshwantrao Chavan Memorial Lecture 2007-08 delivered by Dr. Y V Reddy, Governor, Reserve Bank of India at the Indian Institute of Public Administration, Maharashtra Branch, Mumb ..
I Acquisition of Immovable Property in IndiaQ.1 Who can purchase immovable property in India?A.1 Under the general permission available, the following categories can freely purchase immovable property in India:i) Non-Resident Indian (NRI)- that is ..
Foreign Investments in India(As on April 1, 2007)The FAQs cover broadly the following areas :I. Foreign Direct InvestmentII. Foreign Technical CollaborationIII. Foreign Portfolio InvestmentIV. Investment in Government Securities and Corporate debtV. ..
Introduction:The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Act, freedom has been granted for buying and selling of foreign exchange for undertaking ..
I. DOMESTIC DEPOSITS1. Whether banks can accept interest free deposits?Banks cannot accept interest free deposits other than in current account.2. Whether banks can pay interest on savings bank accounts quarterly? Banks can pay interest on savings ba ..
BASIC PRINCIPLES OF INCOME-TAX LAWBy: Justice R.K.Abichandani1.Constitutional Provisions : The Constitution of India vests the Parliament with plenary legislative powers to impose taxes on matters specifically enumerated in the Union List and all the ..
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