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India’s arguably generous maternity law benefits m...

In India, working mothers-to-be are far better-of than most of their peers in the developed world, however, the country’s maternity laws are archaic. A year or two ago, the country passed the Maternity (Amendment) Bill aimed at working women and their right to paid maternity leave from 12 weeks to 26 weeks which is the world’s third-highest. There is a no-win situation nonetheless — the law is meant for companies with a headcount of at least ten employees which is just a minuscule proportion of the working women of India.This limitation in maternity benefits is an upshot of the desire of the elite of India to merely mimic policies that are both purposed and executed in the West, without any sort of fine-tuning suiting Indian conditions. The maternity bill is an exemplary bill – phantom legislation that passes laws that don't have and in all probability will not be as effective as required. Progress or that one is doing something is an illusion, and is given, but the reality is something else. There is an ideological dimension to the law which is a part and parcel of what the Indian elite believes is good, just, and prestigious in communities transcending boundaries.Symbol of progressCanada and Norway are the only two countries, with GDPs per capita of 27 and 47 times higher than India’s, respectively, provide protracted maternity leaves in comparison with India. The moot point, however, isn’t the perception of generosity, but how the law is applied.It was estimated that the vast majority of Indian women shun work. While on the one hand the unorganized sector is comprised of over 80% of women working for companies with an employee headcount of less than ten. On the other hand, the organized sector comprises of 16% women workers, who do informal work, where the maternity law is not applicable.A more realistic assumption would be that a meagre 20% of the females work in the organized sector, then the law is potentially applicable to simply 1.3% of the workforce, or not even 1% of all females.Considering these off-the-cuff calculations, the unanswered question is why would India deplete its invaluable resources on ratifying a law that is applicable to a minuscule section of its growing population.Call 7604047601 for consultation with a registered expert maternity lawyer on Vidhikarya.

Posted By

Avik Chakravorty

2 days ago

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Mentally tortured husbands can appeal for granting...

In one particular case, the division bench permitted an appeal for granting a divorce decree in favor of the appealing husband for being tortured by the wife. The appellate judge may question the legality, validity and the propriety of the trial court’s judgment in which it had canceled the suit of the appellant or plaintiff for granting divorce decree of behavior torture and abandonment.Submissions by the AppellantThe appellant-husband may submit that the wife who is the respondent was disrespectful towards his parents and told his mother that meals were to be prepared according to what's on her menu. Another declaration of the appellant could be that the wife of the Respondent had reverted to her parental home within days of marriage and upon repeated requests of her in-laws reverted to her in-laws and that’s when she began cajoling the appellant to live apart.The appellant may state that even after having accepted all her demands, both her attitude and behavior remained unchanged. Matters worsen if the complaint filed by her turns out to be fake; a case in point would be a demand of dowry which, if not met would be the cause of her reverting to her parental home for good never to return to her appellant husband’s house ever again. Hence, in view of the prevailing circumstances, the plaintiff/appellant is likely to seek an of divorce decree on the plea of mental torture and abandonment. The wife of the respondent may deny all allegations and as a matter of fact, plead that she was tortured, the streedhan properties were retained by her in-laws and that the appellant accosted her with threats of divorcing her and remarrying. Besides, she may unequivocally mention her willingness to joining the appellant’s company.ObservationBy perusing the pleadings and depositions, it may turn out that the appellant’s allegations were according to what the depositions of the respondent, his parents, and other relatives were in a fake criminal case for an offense under Sections 498-A and 323 of Penal Code, 1860.An acquittal under Sections 498-A/34 and 323 IPC of the indicted person by the trial judge in regards to the levied charges. Furthermore, it was later noted that the respondent-wife did mention that she was a victim of crass and obscene behavior by both the appellant and the members of his family As and when the respondent-wife is examined, one question, in particular, is asked to the respondent and that is whether the respondent is eager and willing to live together with the appellant. If the answer is a resounding No then clearly the respondent’s allegations were falseand besides, if she was unwilling to live together with the appellant then her very own pleadings are suspect. UpheldIt was upheld that if the wife made any scandalous, vulgar and defamatory statements implicating the appellant’s family members it may cause mental torture to the husband. Besides, it was stated that if the wife fails to provide evidence supporting her unfounded, indecent and defamatory allegations then it would all be the causes of mental torture to the husband.Therefore, if the respondent-wife is unable to prove her scandalous and indecent allegations against the husband’s family and in addition if there is any demand for dowry then it would be a false claim causing mental agony to the husband. Therefore, the appeal for granting the divorce decree favoring the appellant for the dissolution of the marriage among the parties would be permitted.Call 7604047601 for consultation with registered expert divorce lawyers on Vidhikarya.

Posted By

Avik Chakravorty

3 days ago

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  • What is Financial Market?
  • What is Financial Service?
  • Who are the primary regulators of the financial sector in India?
  • What is the aim of regulating the financial sector globally?

Vidhikarya will help you find a most suitable lawyer, for you in your city, who will be able to answer all your Financial Market and Service Laws related queries, and also guide you on how to resolve this matter with ease.

About the Financial Market and Service Laws


As per Black’s Law Dictionary, Financial Markets refer to the market for stock, bonds, bills of exchange, commodities, futures, and options. They are exchanges for capital or credit. Refer to capital market and money market.

As per Black’s Law Dictionary, Financial Services refer to the skills and offers that are offered by a bank or financial institution. It can be a savings account, checking account, confirming, leasing, or money transfer.

Indian Capital Markets are managed and checked by the Ministry of Finance, The Securities and Exchange Board of India and The Reserve Bank of India.

The Ministry of Finance manages through the Department of Economic Affairs - Capital Markets Division. The division is in charge of detailing the arrangements identified with the systematic development and improvement of the securities markets (i.e. offer, obligation and subordinates) and in addition ensuring the enthusiasm of the financial specialists. Its primary aim is reformation in the securities market on an institutional level, the building of a regulatory framework, bolstering investor protection mechanism, provision for the efficient legal framework for securities markets.

Regulators of Financial Market and Service Laws


The primary regulators of the financial sector in India are:

  • The Securities and Exchange Board of India (SEBI) which sets up regulatory policy, carries out implementation as well as has the power of enforcement of the regulatory rules. Complaints regarding decisions of SEBI are adjudicated by the Securities Appellate Tribunal
  • Reserve Bank of India which looks into the aspect of implementation of monetary and credit policies. RBI is the banker to the government. RBI has several policies which affect the financial sector. These policies also influence the rates of inflation.
  • National Stock Exchange (NSE) – it provides specific regulations for the domain of securities market.

Need of regulating the financial sector


The goal of regulating financial sector is to protect the de facto principles of regulation which include things like protection of stability in pricing, safeguarding of the small investors, prevention of market misconduct, and so on.

Regulation of financial sector universally is comprehensively guided by two aims: prudential regulation and direct of business regulation, including consumer protection. The four key institutional frameworks for regulation of the financial sector globally – Institutional Approach (element based regulation), Functional Approach (movement based regulation), Integrated Approach (all-inclusive controller model) and Twin Peaks Approach (division of prudential regulation and lead of business regulation) – all endeavour to address the above destinations through various formal structures. Post-crisis, another measurement of 'systemic stability' is being tried to be included as another goal of financial sector regulation yet the correct shapes in such manner are still in progress.

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