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At COP29, Guterres referred to the finance goal as “an insurance policy for humanity” and as a way to safeguard billions of lives and increase employment, economic growth, and affordable, cleaner energy for everyone. Guterres also reaffirmed the commitments to the 1.5-degree degree limit and the 1.3
India Finance Minister Nirmala Sitharaman announced a series of tax reform measures on Tuesday as part of the nation’s 2022 annual budget. 100 million; and tax relief for disabled individuals on lump-sum insurance payments. three years from original due date of filing); reduction in alternate minimum tax from from 18.5%
On May 2, 2022, a full bench of the Supreme Court of India ("SC") allowed an appeal filed by United IndiaInsurance Co. UIIC") against the order of the National Consumer Disputes Redressal Commission ("NCDRC").
The Insurance and Regulatory Development Authority of India (IRDAI) has formally withdrawn its guidelines on Indian ownership and control dated 19 October 2015 (IOC Guidelines)
Indian law students are reporting for JURIST on law-related developments in and affecting India. India’s Supreme Court Friday turned down the Central Government’s suggestions for the constitution of a panel to strengthen regulatory measures and protect investors following the Adani Group’s stock collapse in the stock market of India.
The CLL is one of the select few Centres/Institutions in the nation providing a Certificate Course in Labour Laws & Insurance Laws. Thus, to promote research and develop professional expertise in the field of Labour Law & Insurance Law, a Certificate Course in each of the aforementioned subjects has been designed by the CLL.
It serves to prevent distress sales and insure farmers against serious fluctuations in market price. With regard to the current batch of PILs, the court reaffirmed the farmers’ right to protest peacefully as a fundamental right under the Constitution of India and declined to pass any order for removal of protestors.
The worldwide surge in financial activities over the past decade or so has led to increased popularity of instruments such as surety bonds and other forms of guarantees as creditors/owners increasingly look to rely upon.
The Apex Court, while setting aside NCDRC order, made an observation that rejection of insurance claim would be valid if the insured vehicle is found being used or driven without a valid registration. The policy-holder then approached DCDRC and claimed relief against insurer. However, the complaint had been dismissed.
The rise of the start-up culture in India has led to a huge influx of investment in the Indian market, creating entrepreneurs by the second. As of 2020, India is only second to China in terms of Venture Capital funding.
The IRDAI issued a press release on 26 April 2022 wherein they stated that with the objective of ensuring ease of doing business in the insurance sector, for both global and domestic investors,
The commission/remuneration and rewards payable to insurance agents and insurance intermediaries (such as insurance brokers, corporate agents, web aggregators and insurance marketing firms).
Some of them are listed below: Insurance- due to lack of automation process in insurance claims, this can lead to delay to process claims for months and it can be problematic to the customers. The smart contract can trigger the insurance claim automatically when certain events occur which ultimately saves time and costs.
There are various types of third-party funding in international arbitration, such as litigation funding, success based legal fee arrangement, loan agreements, insurance policy, etc. In Ram Coomar Coondoo vs. Chunder Canto Mookerjee, Privy Council held that English laws related to Maintenance and Champerty in India are not enforceable.
Arbitration in India has evolved a great deal ever since the inception of the Arbitration and Conciliation Act in 1996. However, despite the worldwide acceptance of Third-party arbitration funding in legislations like Singapore, Hong Kong, etc, India still remains silent in this aspect. Author: Shubhangi Nangunoori. INTRODUCTION.
The UK Supreme Court ["SC"], on 27th November 2020, handed down its ruling in Halliburton Company v Chubb Bermuda Insurance Ltd, unanimously dismissing Halliburton's appeal.
India is a ‘ Hot’ market for franchising. A franchise operates the same through its expansions, for example, the quality of a ‘Puma’ shoe you purchase in India will be the same had you purchased it in some other country. Indemnification and Insurance. Watch this video on YouTube.
Article 12 states “ In this Part, unless the context otherwise requires, “the state” includes the Government and Parliament of India and the Government and the Legislature of each of the States and all local or other authorities within the territory of India or under the control of the Government of India.”.
. “ In this Part, unless the context otherwise requires, “the state” includes the Government and Parliament of India and the Government and the Legislature of each of the States and all local or other authorities within the territory of India or under the control of the Government of India. In the case of Sukhdev Singh v.
By Ryan Joseph, final-year BBA LLB (Hons) student, Jindal Global Law School, India. General Insurance Corporation of India ( GIC ) sets a critical precedent for cases that lie at the intersection of arbitration, contractual hierarchy, and judicial intervention through anti-suit injunctions. 2021] EWHC 2015 (TCC)
I have been to Kanyakumari this time, and that’s one end of India. Now, I want to travel to the other end of India, that’s Kashmir. You are in the US; you are in London; you are in India. And that anything people had come up with, the new hires in particular had come up with, what personal insurance should we take?
Like other rising economic bodies like India, [xxv] China is also moving toward a jurisdiction that is “arbitration-favored” under the Belt and Road imitative and the blueprint for the construction of the Guangdong- Hong Kong- Macao Greater Bay Area. [ix] OOO Insurance Company Chubb, [2020] UKSC 38, para. 1 (Shanghai No.1
The Transgender Welfare Board of Chandigarh, India Tuesday alerted the High Court of Punjab and Haryana that a scheme for providing shelter for transgender individuals will be implemented in the union territory shortly. The scheme is known as Garima Grah. The board did not say when the scheme would be finalized.
The Supreme Court of India on Monday ordered a special constitutional panel of five judges to consider a series of petitions related to same-sex marriage. Panels such as these can be established by India’s top court to rule on matters of law requiring constitutional interpretation or involving significant legal questions.
The petitioners aim to formulate specific schemes for these workers, which may include benefits such as health insurance, maternity benefits, pension, old age assistance, disability allowance, and completion of vaccination at Aggergator’s cost on a priority basis.
In an event of a breach, you can rely on cyber risk insurance. However, you don’t want to be in the position to need cyber risk insurance to begin with. June-September 2019: India’s wettest monsoon in 25 years , killing over 1600 people, caused by warmer than usual sea surface temperatures.
17] (Insurance companies, which are covered by other separate legislation in California, are excluded.) As we write this, brutal heatwaves have gripped large parts of the United States, Mexico, China, and India. 16] Most U.S.-based NASA Finds June 2023 Hottest on Record,” July 13, 2023, [link].
JURIST EXCLUSIVE – As India’s COVID-19 infection rate continues to fall from its grotesque levels in early June, India correspondent Neelabh Bist takes a look at some of the impacts that the second wave of COVID-19 has had on India, its legal profession, and its court system.
turkey – which takes advantage of the agreed upon reduced tariff rate – departed for India , allowing American producers to access a critical global market. industry is materially injured by reason of imports of frozen warmwater shrimp from Indonesia, Ecuador, India, and Vietnam.
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