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

Recent Updates

Why Extraditing Fugitives is an Uphill Task for India?

Did you know in India, the success rate in extraditing fugitives is as low as 30%, with only one in every three fugitives being successfully extradited to India. Considering India’s success is abysmally low, it is important to note the challenges the country faces while extraditing fugitives from abroad. Here, we will understand the issues and the challenges!

Legal

Social Media Sites vs Government of India

The New IT Rules and The Controversy with the Social Media Sites.

Legal

What is the Interpretation of Live-in Relationship in India?

In India, marriage is considered a sacramental institution and the same is based on the principles of responsibilities and tolerance. These principles have been followed throughout the generations and people have considered it their duty to follow the principles when they get married. However, as Indian society moved forward, people started looking for alternatives to marriage as the modern youth started considering the entire concept of marriage a burden. Over the years, a drastic change in the living pattern has been observed in the Indian society.

Legal

Artificial Intelligence and Intellectual Property Rights

Machines were invented by man as a device to help ease his burden by doing a tedious job repeatedly and at a faster pace. Let's recall the show Karishma-Ka-Karishma or Bollywood movie Robot that all of us must have seen at least once, showings robots or machines as intelligent beings taking their own decisions, creating things, etc. Back in those days, the public perception was that intelligence in machines was just extraordinary imaginations of dreamy filmmakers and a mere part of fiction.

Recent Updates

House Arrest: A Relief or A New Concern?

Human rights are the most basic rights available to any human being right from birth. Today, with the changing dynamics of the society, the mould of human rights is becoming more and more symmetrical. Human rights is a subject, the content of which keeps adding more chapters in human lives. Recently, a new pragmatic effort has been laid down by Supreme Court in Gautam Navlakha’s case.

Recent Updates

Conflict between Israel and Palestine

The death toll on Gaza rose to 67 Palestinians, including 16 children and 3 women. More than 300 people have been wounded which included 86 children and 39 women. Airstrikes and Rocket barrages have already claimed dozens of lives.

Legal

Future of Cryptocurrencies after Supreme Court's Judgement

The 'Cryptocurrency' was introduced in 2009, and it has intrigued the world since then. It came in as a new revolution in the economy of not just a particular country but almost the entire globe. The most famous form of cryptocurrency is the 'Bitcoins', and the time since it was presented to the world, people have been trading and investing in it even though it was not regulated. Not regulating these cryptocurrency means that even if there are illegal activities like money laundering, fraud and even terrorist funding. This implies that there is no protection either for a consumer or for businesses.

Legal

Difference between Bills, Acts, Ordinances, Rules & Regulations

Can we call the Contract Act or Companies Act a "Bill"? Wait! Before you answer, here's something to remember—every Act was once a Bill, but not every Bill becomes an Act. The key difference? Presidential assent. Once a Bill is passed by both Houses of Parliament and signed by the President, it officially becomes an Act and is no longer called a Bill.

Legal

Nani Palkhivala: The Legendary Lawyer

“If a count were to be made of the ten topmost lawyers of the world, I have no doubt that Mr. Palkhivala's name would find a prominent place therein” – H.R.Khanna

Legal

Patents Right in Covid-19 Drugs

As India battles the worsening second wave of Covid-19 and with a shortage of vaccines, which are considered as the only possible way to stop this deteriorating menace, the talks of compulsory licensing are buzzing around. In this article, we will be discussing the concepts like patents while concentrating on compulsory licensing and its need in the current scenario.

Recent Updates

COVID- 19 and Disaster Management Act, 2005

The entire world is badly hit by the second wave of COVID- 19 with a large population facing medical oxygen shortage! Read on to know how MHA invoked DMA to fight this oxygen crisis.

Recent Updates

Oxygen Crisis: Does India Really Need to Import Oxygen?

Second wave of COVID-19 has been spreading like wildfire in a jungle, and the people in India are suffering the worst effect of it. The mutated Chinese Virus is spreading at a much faster rate that we have tackled during the first wave of this virus in the year 2020, also the death toll is significantly higher. The difference is evident through official figures of the government records, where in 2020 September, saw around 1 lakh cases daily which was considered as the peak period, but what we are witnessing right now is substantial surge in the number of cases, at around 3.5 lakh cases daily and this isn’t the peak for this virus yet.

Constitutional developments

Landmark Judgments of Justice Sharad Arvind Bobde

In 2018, the position of Chief Justice of India was referred to as the ‘First among Equals’ by a bench of the SC judges in a letter to the then CJI, Justice Arun Mishra. The CJI is a high constitutional functionary and is considered utmost important when it comes to deciding the landmark cases in India. The 47th Chief Justice of India, Justice Sharad Arvind Bobde is set to retire on 23rd April, 2021. As we know ‘With Great Power comes Great Responsibility’ and in his tenure of 18th months, Justice Sharad Arvind Bobde has been a part of some of the most consequential and watershed judgments in the history.

Constitutional developments

What is Right to Information? How to file an RTI

The Supreme Court once said that- ‘People are the masters, and the masters have a right to know how the government, meant to serve them, are functioning’. Right to information, as the name suggests, is a right given to every Indian citizen whereby they can secure access to information under the control of public authorities which will promote transparency and accountability in the working of every public authority. The RTI Act mandates timely response to citizen requests for government information.

Recent Updates

Unusual Tax Cases in the World!

Have you ever wondered about some of the most unusual tax disputes in the world or the weirdest taxes that once existed? If not, then these cases and taxes will surely surprise you! One of the weirdest taxes that emerged in Ancient Rome was none other than Bachelor tax, yes you heard it right! This was broadly practiced in the year 1821 in Missouri in the USA. The bachelors had to pay a tax of $1 but it never became a law.

Criminal Law

What are the Rights of an Arrested Person?

“Innocent until proven guilty”, in context to this phrase, it’s very obvious that in India, the burden of proof to prove any allegation lies upon the prosecution. Until and unless an accused is proven guilty, he or she cannot be considered as a criminal. An accused who is sent behind the bars and undergoing trial is considered as an undertrial prisoner, people often mistook an accused person for a criminal. In reality, an accused person is an entity who has been alleged to have committed an offence.

Recent Updates

Medical Termination of Pregnancy Bill, 2021

Recently the Rajya Sabha has passed the Medical Termination of Pregnancy Bill, 2021. The bill seeks to amend the Medical Termination of pregnancy act, 1971. The bill amends various provisions that were vague, derogatory and based on replaced medical principles. The bill has initiated debates on human rights including women’s rights as to her womb. The bill has been brought after numerous PILs in Supreme Court and various High Courts, and after considering the demand from the various NGOs and civil societies who work for women and human rights.

Constitutional developments

What is a Writ Petition & How do you file one?

The term writ has not been defined in the constitution. In common parlance, a writ may be defined as an order passed by the court directing an entity or individual to act in a particular way. Derived from British jurisprudence, a writ was basically a written letter issued to someone to do some particular act. Thus, the very concept of writ petitions can be said to have originated in the English Judicial system.

Why Extraditing Fugitives is an Uphill Task for India?

Social Media Sites vs Government of India

What is the Interpretation of Live-in Relationship in India?

Artificial Intelligence and Intellectual Property Rights

House Arrest: A Relief or A New Concern?

Conflict between Israel and Palestine

Future of Cryptocurrencies after Supreme Court's Judgement

Difference between Bills, Acts, Ordinances, Rules & Regulations

Nani Palkhivala: The Legendary Lawyer

Patents Right in Covid-19 Drugs

COVID- 19 and Disaster Management Act, 2005

Oxygen Crisis: Does India Really Need to Import Oxygen?

Landmark Judgments of Justice Sharad Arvind Bobde

What is Right to Information? How to file an RTI

Unusual Tax Cases in the World!

What are the Rights of an Arrested Person?

Medical Termination of Pregnancy Bill, 2021

What is a Writ Petition & How do you file one?

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