The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
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Will the State recognise women workers’ right to bleed with dignity -Pradeep Narayanan
-Down to Earth The Union Ministry of Corporate Affairs has sought feedback from stakeholders on the draft National Action Plan on Business & Human Rights by March 20, 2020 The patriarchal society’s attempt to control a woman’s body from time immemorial has been documented across the world and in different ages. The fear of a woman’s sexuality and reproductive abilities has, throughout history, spurred religious texts and mythological epics. Man-made laws find ways...
More »Potentially Hazardous Changes Proposed under CSR Rules -Noshir H Dadrawala
-MoneyLife.in A news item published in the Business Standard on “New draft rules set to clamp down on CSR activities through trusts” has caused mass panic and pandemonium since morning. While it is good to be vigilant and leave no scope for ambiguity and address any vagueness in the language of the proposed new Rules (while we still can), let’s not get unduly alarmed either. There is time and adequate scope...
More »Insolvent individuals may face ban on holding, running for public office -Aashish Aryan
-The Indian Express The Central government had on December 1 notified amendments to the Insolvency and Bankruptcy Code (IBC), 2016, in which it had brought a corporate debtor’s personal guarantor under the purview of the Code. The Insolvency and Bankruptcy Board of India (IBBI), as well as the Ministry of Corporate Affairs (MCA), is in favour of disallowing individuals who have been declared insolvent, from holding any public office or being the...
More »Adopt a green growth strategy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
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