The Bill seeks to grant Indian citizenship to non-Muslim refugees from Pakistan, Bangladesh, and Afghanistan.
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Manohar Lal Sharma, who is one of the petitioners in the case, requested the Constitution bench that this hearing should be conducted in a larger courtroom and live telecast be allowed to allow people to witness its proceedings.
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The Competition Amendment Act introduced numerous far-reaching changes to competition law in India. One such change is the introduction of the leniency plus regime, which allows an existing leniency applicant to disclose the existence of another cartel and benefit from this disclosure in both cases. Similar benefits are extended in most mature competition law jurisdictions to enable the detection of secret cartels. Though these provisions are yet to be implemented in India, these draft regulations provide much needed clarity on how the CCI is looking to implement this important change. We look forward to seeing how the new regime will develop.
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"The cabinet's approval of the Women's Reservation Bill is a commendable legal development. Going forward, it will be necessary to frame implementing regulations that ensure the Bill serves its intended purpose: to substantially enhance representation for women from a variety of socio-economic backgrounds in the Parliament."
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"The UNCITRAL rules for expedited Arbitration adopted in 2021 provide for a need based process. Institutional adoption of the rules will enhance the range of options to the parties which is an underlying foundation to the Alternate Dispute Resolution."
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The natural growth of Arbitration will happen when we set up more institutions. We need to foster a culture of domestic arbitration.
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“The Competition Amendment Bill, which has just been passed in the Lok Sabha, is a timely update to the law, which has been on the statute books for two decades. Whereas certain amendments are business friendly and consistent with the Government’s “ease of doing business” mission, others may raise more uncertainty in their implementation. A lot will also depend on the regulations to be issued by the CCI to flesh out many of these broad proposals."
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“The amendments formally fix responsibility on facilitators of cartels such as trade associations, agents and even customers if they act as hubs for illegal information exchange. Now, they will be penalised in the same way as the cartelists themselves, which could be up to 10% of average global turnover for the preceding 3 financial years, or 3 times of profit for each year of the continuance of the cartel or 10% of the global turnover for each year of the continuance of the cartel, whichever is higher. It would be interesting to see if this expanded definition also covers AI software offering pricing suggestions.”
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Whilst the devil will lie in the detail, I think this is a progressive development. India’s legal market is ready for change and will grow. I welcome the opening up
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By laying a significant emphasis on Capex and Energy Transition, the FM has provided the foundation for strong anti-cyclical momentum that should enable robust domestic economic growth and help counter the expected global headwinds. The focus on making India future-ready by way of AI labs, Agri-tech, and R&D in healthcare, further boosting Digital Public Infrastructure and holistically expanding physical infrastructure, auger very well for sustained long-term economic growth.
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