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Showing posts with the label Legal Matters

Measures Taken In Relation to Insolvency And Bankruptcy Code, in The Wake Of COVID-19

Article by Anant Pratap Singh Chauhan , Edited by Chinmay Jain . The COVID-19 pandemic has brought the world on its knees.  The global economy is at the risk of a severe recession as the pandemic has locked people in their houses and thus disallowed them to perform economic activities. India as well is at the risk of a recession, way more severe than the ones facing its worst recession since 1979.  Goldman Sachs has predicted that Indian Economy is likely to shrink by 45% on an annualized basis this quarter. Further, there may be up to a 5% drop in real GDP this fiscal year.   The situation as of now is very severe.  The Government in a series of press conferences announced various policy changes for providing a stimulus to the dying businesses of the country. This paper primarily focuses on the measures taken in relation to the Insolvency and Bankruptcy Code. Finance Minister Nirmala Sitharaman, on 17 th May 2020, announced several measures to provide relief to compani

Data Privacy Laws in India and Its Impact on Business

Article by Ankita Rathi , Edited by Chinmay Jain Our privacy is invaded every time and everywhere due to the advancements in science and technology. Privacy is something that is an individual as well as a social value. Most of the privacy breaches and invasions and copyrights violations exist in cyberspace though they are invisible.  Due to many media interventions, it has become very difficult for people to keep information that is confidential or even the anonymity of the conversations and many more things. Piracy is a lucrative business nowadays. However, the laws lag behind the digital revolution. Data privacy is a part of information technology (IT). It helps the organizations and even the individuals to determine as to which information in the computer system can be shared with the third party. Data is one of the most important asset for the company. As the economic activity related to data is increasing, many organizations find it essential to use, share, and collect d

An Overview of Special Economic Zones in India

Article by Vedika Jhall , Edited by Chinmay Jain Do you know what Special Economic Zones are? Does the question regarding its existence ever popped-up in your mind? Do you know why it’s necessary or if you can do business there? Has it been a successful policy for the country?  And, can it be beneficial for you to start your business there? Similar questions popped in my head when I heard about this term for the very first time.  In this article, I will be providng an in-depth analysis on Special Economic Zones in India as well as try to analyse the benefits and disadvantages of setting up a business here. What Are SEZs? Special Economic zones (SEZ) are areas that are provided with different laws for carrying on business and trade. In other words, these areas have separate business and trade laws from the rest of the country. These Economic Zones are located within the national territorial area of a country. The purpose of these Economic Zones is to improve employment