Daily Archives: March 10, 2022

NATIONAL LAND MONETIZATION CORPORATION

Recently, the Union Cabinet has approved the setting up National Land Monetization Corporation (NLMC) as a wholly owned Government of India company. The Finance Minister had announced plans to set up a special purpose vehicle for this purpose in the Union Budget 2021-22. In August, 2021, the government of India launched the National Monetisation Pipeline (NMP). …

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PM GATISHAKTI

Recently, the Minister of Finance presented the Union Budget2022-23. This section deals with proposals related to ‘PM GatiShakti’. PM GatiShakti National Master Plan for Multi-Modal Connectivity, launched in October 2021, is an initiative aimed at coordinated planning and execution of infrastructure projects. The objective is to bring down logistics costs. GatiShakti is a digital …

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DIGITAL UNIVERSITY

The Covid-19 pandemic has greatly affected the education sector. But even before the pandemic, the lack of an adequate number of universities led to limited options for aspiring students. This created a need to reform the way in which we impart higher education. The surge of digital technologies provided a whole new …

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LEGISLATION FOR REFUGEES

The National Human Rights Commission (NHRC) recently held a discussion on “protection of the basic human rights of refugees and asylum seekers in India”. Many participants raised the issue of India not having a specific law for refugees and asylum-seekers. The discussion noted that, though India has not signed the United Nations Refugee Convention, …

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LAUNCHING DIGITAL RUPEE – CHALLENGES AND OPPORTUNITIES

Recently, in its Budget 2022-23, the Government of India announced that its central bank will issue a digital currency as early as 2022-23. It is one crucial decision that most major economies are refusing to make in a hurry. The arguments in favor of digital rupee claim that an electronic representation of India’s legal …

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VIRTUAL DIGITAL ASSETS

Recently, the Finance Minister, in her Budget 2022 announced a 30% tax on income from virtual digital assets. Additionally, she also proposed a Tax Deduction at Source (TDS) on payment made in relation to the transfer of virtual digital assets at 1% above a monetary threshold. A person (deductor) who is liable to make payment of specified …

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