Notes and Study material for Exams
Basic Knowledge of Laws in India The law is an amorphous set of rules govern individuals and group behavior. We don’t even know about many of these rules or we understand them only generally. For example, you don’t need to see a written law to know that it’s a crime to steal or destroy someone … Read more
Difference between substantial and procedural laws Procedural laws Procedural law provides the process that a case will go through (whether it goes to trial or not). The procedural law determines how a proceeding concerning the enforcement of substantive law will occur. Substantive law defines how the facts in the case will be handled, as well … Read more
INFRASTRUCTURE Debt Funds In Sept 2011, RBI issued guidelines for permitting banks and NBFCs to set up IDFs to help meet long term financing for the sector IDFs would be set up either as MFs or NBFCs NBFC sponsoring IDF-MF should have a minimum net owned funds of Rs 300 crore and CAR of 15 … Read more
Article 35A: A Controversial Clause in the Indian Constitution Article 35A of the Indian Constitution is a controversial provision that grants special status to the state of Jammu and Kashmir (J&K). It was added to the Constitution through a Presidential Order in 1954, without any parliamentary debate or discussion. This article has been a subject … Read more
The Right to Property: A Cornerstone of Human Rights and Economic Development The right to property, a fundamental human right enshrined in numerous international legal instruments, plays a pivotal role in shaping societies and economies. It encompasses the right to own, use, enjoy, and dispose of property, both tangible and intangible, and serves as a … Read more
Proportional Taxation: A Fair and Equitable System? Proportional taxation, also known as a flat tax, is a system where everyone pays the same percentage of their income in taxes, regardless of their income level. This stands in contrast to progressive taxation, where higher earners pay a larger percentage of their income in taxes, and regressive … Read more
The Shadow Economy: Unmasking Tax Evasion and its Global Impact Tax evasion, the deliberate act of avoiding or minimizing tax obligations, casts a long shadow over global economies. It undermines government revenue, distorts markets, and fuels inequality. This article delves into the multifaceted nature of tax evasion, exploring its various forms, motivations, and consequences. We … Read more
The Wealth Tax: A Controversial Tool for Equality and Growth The concept of a wealth tax, a levy on an individual’s net worth, has re-emerged as a prominent policy debate in recent years. Proponents argue that it is a necessary tool to address growing inequality, fund public services, and promote economic stability. Opponents, however, contend … Read more
Unique Land Parcel Identification Number (ULPIN) Scheme: Revolutionizing India’s Land Records Introduction Land, the foundation of any nation’s economy, has long been a source of disputes and complexities in India. The lack of a standardized and comprehensive land records system has resulted in numerous challenges, including land grabbing, fraudulent transactions, and protracted legal battles. Recognizing … Read more