Articles and Updates

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In recent times, the Jan Lokpal movement has captured popular imagination with its premise of establishing an effective mechanism to prevent and check corruption in the public sphere. However, the resultant ‘Anti-Corruption, Grievance Redressal and Whistleblower Protection Bill, 2011’ (Jan Lokpal Bill), which is currently being debated by the Parliament, excludes from its purview ‘white collar’ offences involving the private sector. This issue has recently come into the spotlight with a spurt of alleged

• Siddharth Hariani -

A silver lining of the recent global financial crisis has been the subsequent introspection on market structures and institutions, and how their interplay could impact systemic stability. In 2010, India’s securities regulator, the Securities and Exchange Board of India (SEBI), received the report of the Bimal Jalan Committee (chaired by a former governor of the Reserve Bank of India), which reviewed ownership and governance of market infrastructure institutions such as stock exchanges and clearing corporation

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Civil aviation has been hugely responsible for India’s globalisation. Ironically, India’s own civil aviation sector is far from globalised. On the one hand, the number of passengers who can afford flights in India has swelled dramatically over the last decade; newer airports have opened up across the length and breadth of the country. On the other hand, a pall of gloom hangs over almost all of India’s airlines, barring just one low-cost, no-frills, private carrier. India’s aviation minister recently esti

• Sawant Singh -

India’s Union Budget projected a growth rate of 7.6% over the fiscal year that started on 1 April. Among the critical sectors having a bearing on the attainment of this target are civil aviation, power, and roads and highways.

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The company is presently one of the most widely preferred modes of business organisation due to several advantages that it has enjoyed over other forms such as sole proprietorship and partnership. One of the major attractions of incorporation is the limitation of liability of a shareholder to a pre-determined amount, namely contribution to the company’s capital. This has been given effect by recognizing the company as a juristic person in its own right, having an identity distinct and separate from tha