Government
Provides Forest Land Rights to Tribals
A long awaited promise of the ruling alliance has finally been
notified, the forest Rights Act has gone in the favour of the
tribals, the right allows tribals legal rights over forest land.
Provide loans to urban poor - FM to Banks
Expressing his concern on the living standard of the urban poor,
the Finance Minister, MR. P Chidambaram has asked banks to provide
loans to the urban poor, whose conditions are worse than their
rural counterparts.
RBI may Bring Relief for Credit Card Holders
In an effort to make the credit card operations more transparent,
RBI may make it compulsory for banks to repay the small credit
balance to cardholders in case the card is left inactive for more
than six months.
SEBI
panel Recommends Monetary Compensation for retail investors
Thousands of retail investors in the primary market who suffered
potential losses due to manipulation in the initial public offering
allotment process of 21 companies two years ago can be compensated
monetarily.
Cabinet Urges Setting up of Mobile courts in Rural India
Rural India will soon have its own mobile courts. The Cabinet
has requested the UPA government to go ahead with the setting
up of mobile courts to bring justice to rural India's doorsteps.
RBI
cautions against deceptive remittance offers
Reserve Bank of India (RBI) revealed that schools and hospitals
have been lured by foreign entities and sometimes their Indian
representatives with deceptive purposes.
7000 more courts in India
The courts of law shall finally open its doors to the needy and poor. With the setting up of around 7000 new courts across the country over the next couple of years, law in India shall take a turn for the better, especially for the weaker sections of the society.
Service tax on rental income
With the decision to impose service tax on commercial rentals, as proposed in Budget 2007, the retailers shall have a bigger hole in their pockets.
Outsourcing stirring a hornet's nest in the U.S
A study by two law students of Indian origin in a recent issue of Harvard Law Bulletin (HLB) has placed the legal profession as the latest entrant to join the bandwagon of service professions being outsourced to India from the US.
Fraud and lawlessness in Maval land transaction
The recent controversial cases of Bollywood stars like matinee icon, Amitabh Bachchan entering into a Sale Agreement with an agriculturalist to buy his property near Lonavala in the Maval Taluka.
USA follows UK in Legal Processing Outsourcing
India is fast becoming the outsourcing haven for western countries. Industries like BPO, KPO and now LPO are fast gaining momentum in the country.
Brakes on SEZ land acquisition
Learning from the widespread agitation by farmers across the country, from Sangrur to Pune, the Union Ministry of Commerce has directed Maharashtra government to put brakes on all acquisitions of farmland for SEZs, till they get the farmer’s nod.
Jayalalithaa Estate
Being a political bigwig did not help former Tamil Nadu CM, J Jayalalithaa from being in the spotlight again for the third time in a row over her real estate transactions.
India's appeal against New York City for property taxes immunity rejected
n a 7-2 decision that allows U.S. Courts to decide New York City's property tax disputes with foreign governments that is well over $100 million, it cleared the way for New York City to press claims against India, Mongolia and possibly other nations.
Standoff over Mumbai airport property rights
Goandevi, one of the oldest slums surrounding Mumbai airport is making headlines these days and all for the wrong reasons. The slum dwellers and the airport authority are locked in a tussle over the 276 acres of airport land that the former have been squatting on for around 40 years.
British law firms eye Indian law firms
Baroness Cathy Ashton, British Law Minister and Parliamentary Under Secretary of State for Department of Constitutional Affairs, said that the British Government is eyeing India as the outsourcing point over the next three months. They have fixed Bangalore as the first city among others on the list.
Hinduja TMT forays into Legal Process Outsourcing
Legal Process Outsourcing is all about outsourcing legal assignments to India to tap on the huge potential of Indian legal services. Marking its foray into the untapped market of legal outsourcing, Hinduja TMT has entered in a joint venture with a UK based business consultancy firm Centric in association with a leading law firm Fox Mandal Little.
USA follows UK in Legal Processing Outsourcing
India is fast becoming the outsourcing haven for western countries. Industries like BPO, KPO and now LPO are fast gaining momentum in the country. After UK, it is now the turn of USA to outsource their legal processes to India.
Self-assessment of property tax
In an attempt to reduce corruption and eliminate "inspector raj", the Punjab state government today announced that the property owners in Punjab shall now self-assess their property tax and pay the government.