U.S. funds Pakistan’s Projects: A setback to India’s Relations with the Western Hegemony

Yashika Jain, National Law University, Delhi.

A recent move by the US to mobilise funds for the two major dams that Pakistan has been striving to build has left India unsettled. U.S. hailed this infrastructure project as Pakistan’s “smartest choice” for economic development and has pledged to extend its support in funding the same. The two dams, Diamer-Bhasha Dam and the Dasu Dam are gravity dams, which are still in the preliminary stages of construction due to the series of controversies and lack of funds.  Diamer-Bhasha Dam is proposed to be built on the River Indus in Gilgit-Baltistan, Pakistan. Its foundation stone was laid by Prime Minister Yusuf Raza Gilani of Pakistan on 18 October, 2011 and majority of the funding is being provided by Aga Khan Development Network. (more…)

FATCA: Yet another weapon in India’s war against Tax Evasions and Black Money

By Shruti Sharma, Campus Law Centre, Delhi University.

The Foreign Accounts Tax Compliance Act, better known as FATCA, is an Act which was enacted in the year 2010 by the United States Congress; it can also be called as American Global Tax law. FATCA basically requires Foreign Financial Institutions (FFIs) to report to the Internal Revenue System (IRS), information about financial entities in which U.S taxpayers hold a substantial ownership interest. It was basically introduced to target non compliance by U.S taxpayers using foreign accounts. (more…)

Marriage equality or a naturally sterile union: LGBT rights as decided upon by the Apex Court of U.S.A.

By Anaida Kuthiala, Army Institute of Law, Mohali.

A swift torrent of change rose when the U.S. Supreme Court in Obergefell v. Hodges on 26 June, 2015 ruled, by a 5-to-4 vote that the Constitution guarantees a right to same-sex  marriage in all 50 states. This decision is a culmination of decades of litigation and thus it came against the backdrop of the changing opinions of the masses which was portrayed as being now approving of the union of two persons – of whatever sexual orientation, thus expanding the array of marriage, which is the keystone of our social order. (more…)