Finology Blog - Latest Updates & News on Finance and Legal in India

Legal

Recent Developments and Legal Perspectives on Euthanasia in India

Does a person who is very sick and not going to get better have the right to ask for their treatment to be stopped or for a drug to end their suffering? Can the family of someone who has been in a coma for a long time, with no chance of getting better, ask for their life-support machines to be turned off?

Legal

Key highlights of India's Union Budget 2024

Today, Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in Parliament. This is a big moment as it’s her 7th budget in a row, breaking Morarji Desai's record of six consecutive budgets.

Legal

How is the Union Budget Prepared: An Inside Look

Have you ever wondered what goes on behind the scenes of India's Union Budget? This annual financial statement isn't just about numbers; it's an interesting blend of strategy, secrecy, and careful planning. From the early morning meetings to the final touches on the budget speech, the creation of the Union Budget is a story of intense preparation and collaboration. Let's dive into the process that shapes the financial future of the world's largest democracy!

Legal

How is the Budget Passed in Parliament?

The Annual Budget is a big event in India because it decides how the government will spend and collect money for the year. An exciting moment in India's Budget history happened in 1991-92. Two Finance Ministers from different political parties took turns presenting the Budget.

Legal

What To Expect From Budget 2024?

Have you ever wondered how India moved up from being the 10th to the 5th largest economy in just 10 years? The key is the Power of the Budget.

Legal

10 Interesting Facts About Budget (1947-2024)

Did you know that the word 'budget' comes from the French word 'bougette'? The word bougette means leather briefcase. This is why every Finance Minister of India carries their budget documents in a leather briefcase on budget day.

Legal

10 Terms To Know Before Budget 2024

India has a tradition of eating something sweet before the start of good work. This tradition is also followed in the case of budget presentations. Ten days before the budget is tabled, there is a 'Halwa' ceremony held in the Ministry of Finance. 'Halwa is prepared and then served at the venue where the budget is printed. The ceremony marks the printing of the budget and is celebrated by Government officials involved in making the budget.

Recent Updates

CLAT 2025 Application Form Out: Key Dates, Process, Details

The Common Law Admission Test (CLAT) is a national-level entrance exam for law courses in India. It is for both undergraduate (UG) and postgraduate (PG) programs at 24 National Law Universities (NLUs). The Consortium of National Law Universities manages the exam. Many other universities and organisations also use the CLAT exam for admissions. For the academic year 2024-2025, all admissions to 5-year integrated LL.B. and LL.M. programs will be through CLAT 2025.

Legal

Zero FIR and e-FIR: How to File and What to Do If Refused

In the high-profile case of Sushant Singh Rajput's death, the initial FIR was not filed in Mumbai, where he passed away, but by his parents in Patna. This type of FIR, known as a Zero FIR, allows reporting a crime even if it occurred outside the local police station's jurisdiction.

Legal

UP Stampede: Over 120 Dead in Hathras 'Satsang' Tragedy | Explained

Can you believe that 79% of stampedes in India happen at religious gatherings and pilgrimages? This is from a study in the International Journal of Disaster Risk Reduction. A stampede is an impulsive mass movement of a crowd that often results in injuries and deaths. Stampedes can start due to rumors, poor planning, and overcrowding.

Legal

New Sections of Criminal Provisions in New Criminal Laws

We Indians use a lot of slang, and “420"/ "charsobees" is one of the most iconic. This term refers to someone who is a fraud or trickster. The origins of the term come from Section 420 of the Indian Penal Code, which covers offences relating to cheating and dishonesty.

Legal

What is FIR? FIR under New Criminal Laws

Sec. 174 of Bharatiya Nagarik Suraksha Sanhita 2023 (BNSS) (Sec. 154 CrPC) deals with the First Information Report (FIR) i.e. first information of a cognizable crime to the police. FIR is not defined in the Criminal Law, but it means information relating to the commission of a cognizable offence given to the police first in point of time. An FIR is a super important document as it starts the motion of criminal procedures. And the police begin investigating a case only after the FIR is filed.

Legal

How New IEA is Different from Old IEA?

The Indian Evidence Act decides what evidence can be used in Indian courts for both civil and criminal cases. But now the Bharatiya Sakshya Adhiniyam, 2023 (BSA) is a game-changer for India's criminal laws, replacing the old Indian Evidence Act of 1872 (IEA) with modern and new provisions. It officially came into effect on 1st July 2024 after getting the nod from both the Lok Sabha and Rajya Sabha.

Legal

How New CrPC is Different from Old CrPC?

Understanding the criminal laws can be tricky, especially when the rules change. The Bharatiya Nagarik Suraksha Sanhita, 2023 (BNSS), aims to modernise and improve the old Code of Criminal Procedure (CrPC). This new criminal law seeks to make the justice system faster, more transparent, and more focused on victims.

Legal

How New IPC is Different from Old IPC?

Who could have imagined 100 years ago that cybercrime would become a serious offence? Just like how crimes and criminals have changed a lot over the past century, our criminal laws also need to keep up and change.

Legal

How to Effectively Read Judgments for CLAT PG?

Preparing for CLAT PG can be tough, especially when it comes to studying recent and landmark judgements. These judgements are key to understanding the law and doing well in your exam. They're not just about memorising facts—they tell the stories that shape our legal system.

Legal

The Preamble to the Indian Constitution: Meaning and Significance

Most things we purchase come with a manual explaining how to use them and their purpose. Similarly, every act or piece of legislation comes with a preamble. Think of it as an introduction from the lawmakers, explaining why a particular law was created. The preamble helps clear up any doubts about the law it introduces.

Legal

Understanding Data Privacy Laws in India

You may have heard the famous statement from Google’s CEO in 2010: “There was 5 Exabytes of information created between the dawn of civilization through 2003,” he said, “but that much information is now created every 2 days, and the pace is increasing.” It is often said that “Data is the new Oil.” This should be enough to show the importance of data.

Recent Developments and Legal Perspectives on Euthanasia in India

Key highlights of India's Union Budget 2024

How is the Union Budget Prepared: An Inside Look

How is the Budget Passed in Parliament?

What To Expect From Budget 2024?

10 Interesting Facts About Budget (1947-2024)

10 Terms To Know Before Budget 2024

CLAT 2025 Application Form Out: Key Dates, Process, Details

Zero FIR and e-FIR: How to File and What to Do If Refused

UP Stampede: Over 120 Dead in Hathras 'Satsang' Tragedy | Explained

New Sections of Criminal Provisions in New Criminal Laws

What is FIR? FIR under New Criminal Laws

How New IEA is Different from Old IEA?

How New CrPC is Different from Old CrPC?

How New IPC is Different from Old IPC?

How to Effectively Read Judgments for CLAT PG?

The Preamble to the Indian Constitution: Meaning and Significance

Understanding Data Privacy Laws in India

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