Digital Push for Agricultural Trade

By Sandeep G., SASTRA Deemed University, Thanjavur.

The discovery of the online trading concept has invoked positivity, not only in the minds of wealthy businessmen but also in the minds of health-protecting farmers. Although India is an agrarian economy, the non-existence of equipoise between the rural and urban economy contributes to the deprivation of both the corporate and agricultural domains. In spite of favouring the corporate domain with Make in India and other similar policies, the Union Government developed a policy on the refinement of the agricultural sector. (more…)

Self Help Groups in India: A Messiah for Rural Women?

By Anmol Kaur Bawa, Symbiosis Law College, Pune.

Self-Help Groups (SHGs) have pioneered the idea of microfinance investment in the Southeast Asian countries in the realm of globalisation. A Self-Help Group, as the term suggests, is a collective of borrowers at a micro-level, which takes loans from the bank under the combined representation of a group and lends among its members at a lower rate of interest. The individual earnings then, form a part of the group savings, in turn deposited to the bank. (more…)

Regional Rural Banks in India: Explained

By Tanya Patwal, Amity Law School, Delhi.

In India, especially the rural areas, majority of the population had no basic banking facility and had no financial services provided to them. Despite 14 private banks being nationalised in 1969, commercial-turned-national banks couldn’t cater to the rural credit needs. Thus, under an ordinance passed in 1975 on the recommendation of the Narasimham Committee and even before the Regional Rural Banks Act of 1976 came into existence, Regional Rural Banks (RRBs) were set up to provide credit for agricultural and rural activities. All Regional Rural Banks are authorized to carry on to transact the business of banking as defined in the Banking Regulation Act 1949. The following are important points explaining the formation and function of the RRBs in India: (more…)

Government to the Rescue of Domestic Workers

By Arifa Khan, Post Graduate College of Law, Osmania University, Hyderabad.

The exploitation of women and children domestic workers is regularly reported and with no rights protecting them. Most of the domestic help have become contemporary slaves. They are everywhere, in our homes, around small dhabas, tea stalls and working in every menial job possible. They work but are not considered as a part of the ‘services providing community’. They are paid very less, and many a times abused and met with physical ill-treatment. Hundreds of thousands of them endure untold suffering because of their perceived subordination due to caste, class and simply because of what they do for a living. Abuses range from underpaid wages to forced labour, physical violence, starvation and even death. Many women and children are trafficked and exploited by the placement agencies, which operate openly without any form of restrictions and regulations. (more…)

Rishabh Duggal v Bar Council of India: An End to the Age Limit Conundrum?

By Arifa Khan, Post Graduate College of Law, Osmania University, Hyderabad.

The Bar Council of India issued a Circular which fixes the age limit to 20 years and 45 years for 5 and 3 years Law Degree courses. The writ petition in Rishabh Duggal v. Bar Council of India was filed under Article 32 of the Constitution of India, against the said Circular No. 6 that restored Clause 28 by the Bar Council of India (BCI) which provides for a maximum age limit of 20 years and 45 years for taking admission into the 5 and 3 years Law degree course respectively. The said clause had been withdrawn by the BCI vide an earlier Resolution No. 231 in the Official Gazette; however, it was restored by Circular No. 6. (more…)

Pradhan Mantri Fasal Bima Yojana: A Study

By Ananya Banerjee, WBNUJS, Kolkata.

Farmers’ Suicides

The National Crime Records Bureau, in its report for accidental deaths and suicides, stated that a total of 5,650 farmers have committed suicide in the year 2014. The highest incidents of 2,568 farmers’ suicide were recorded in Maharashtra, followed by 898 incidents in Telangana and 826 in Madhya Pradesh during 2014. The report also mentioned the main reasons behind such suicides in which, ‘Bankruptcy and indebtedness’ topped the chart. According to a report published in September 2015, due to less than 50 percent rain in 2015 monsoon, more than 600 farmers have already committed suicide in the drought-prone Marathwada region of Maharashtra till now. (more…)

Startup India: A Big Boost for Indian Startups?

By Anusmita Mazumder, Department of Law, University of Calcutta.

What is a startup and how do they work?

A startup company or a startup is an entrepreneurial venture or a new business in the form of a company, partnership or a temporary organisation which is designed to target those sectors which are believed to be in demand and might prove to be innovative in the process of development. (more…)

Analysing the viability of Net Zero Imports under the Digital India Programme

By Archishman Chakraborty, Symbiosis Law School, Pune.

It has been oft repeated with a sigh of cynicism in recurring debates, as to what impedes development in India, as that the heart of the problem lies in the fact that there is no heart at all – a lethargic absence of political will. The current Indian Govt. has taken no time to take an otherwise shabby state of affairs to heel. The country witnessed a number of strong reformative measures being taken so as to boost investment and growth in the economy. On the 5th of August, 2014, it was reported that the Prime Minister had directed the Department of Electronics and Information Technology (DeitY) to ensure that the net import-export balance for the sector be brought down to zero (Net Zero Import) by the year 2020, in persuasion of  the Digital India Programme, an initiative that has taken the Prime Minister all the way to Menlo Park and beyond with a vision of E-governance, to transform the entire ecosystem of public services in India through the use of information technology.   (more…)

Pradhan Mantri Mudra Yojana: An Analysis

By Vershika Sharma, National Law University, Jodhpur.

Pradhan Mantri MUDRA Yojana is an institution set up by the Government of India (GoI) to provide funding to the non-cooperate/non-farm sector income generating activities of Micro and Small Enterprises or Unorganised Business Enterprises whose credit needs are below 10 lack provided through various Last Mile financial institutions like Banks, NBFCs and MFIs. (more…)

Need for a Common Market for Agricultural Commodities

By Yukti Makan, Symbiosis Law School, Pune.

India derives approximately 50% of its national income from agricultural business. The marketing of the agricultural produce also varies from nation to nation, from state to state and it even varies within the state. Agricultural market practices need to be uniform in the interest of developing wider markets for better practices. The rising food prices have emerged as a bottleneck for the Government in framing policies. Certain measures should be taken and the Agricultural Produce Market Committee (APMC) Act should be amended to curb the inflation. An efficient marketing strategy is required to be implemented for the development and the enhancement of the agricultural sector. (more…)