Polity

The role of CAG in the auditing of public corporations is limited. Broadly speaking, his relationship with the public corporations falls into the following three categories: Some corporations are audited totally and directly by the CAG, for example, Damodar Valley Corporation, Oil and Natural Gas Commission, Air India, Indian Airlines Corporation, and others. Some other … Read more

Section 53 of the Insolvency and Bankruptcy Code creates a waterfall mechanism, whereby the proceeds from the sale of the liquidation assets in respect of a corporate debtor are required to be distributed in a certain order of priority. Topping the list are the costs associated with insolvency resolution process and liquidation, which are followed … Read more

. The President of India exercises suspensive veto when he returns a bill for reconsideration of the Parliament. However, if the bill is passed again by the Parliament with or without amendments and again presented to the President, it is obligatory for the President to give his assent to the bill. This means that the … Read more

The imprisonment of a person with the aim of preventing them from committing further offences or of maintaining public order. The grounds for Preventive detention are: * Security of state. * Maintenance of public order. * Maintenance of supplies and essential services and defence. * Foreign affairs or security of India. Preventive detention is not … Read more

Constitutional status was accorded to the cooperative societies via 97th Constitutional amendment act. Apart from providing for the right to form cooperative societies to be a fundamental right under Article 19 of the Constitution of India and insertion of Article 43B under the Directive Principles of State Policy on promotion of cooperative societies, the amendment … Read more

Article 80 of the Constitution have provisions for members of the Rajya Sabha. Currently, it has 245 members, including 233 elected members and 12 nominated. As per the constitutional limit, the Upper House strength cannot exceed 250. The number of Rajya Sabha members a state can send depends on its population. Hence, the number of … Read more

“Social auditing is defined as a systematic attempt to identify, analyse, measure (if possible), evaluate, and monitor the effect of an organisation’s operations on society (that is, specific social groups) and on the public well-being.”   Social audit as a term was used as far back as the 1950s. In a nutshell, it refers to … Read more

The Constitution of India provides for the following three kinds of funds for the Central government: Consolidated Fund of India (Article 266) Public Account of India (Article 266) Contingency Fund of India (Article 267) Consolidated Fund of India It is a fund to which all receipts are credited and all payments are debited. In other … Read more

Gram Nyayalayas Act, 2008 is an Act of Parliament of India enacted for the establishment of Gram Nyayalayas or village courts for speedy and easy access to justice system in the rural areas of India. The State Government, after consultation with the High Court, may, by notification, establish one or more Gram Nyayalayas for every … Read more

In India, right to protest is a fundamental right under Article 19 of the Constitution of India. But right to strike is not a fundamental right but a legal right and with this right statutory restriction is attached in the industrial dispute Act, 1947. In the All India Bank Employees Association v. I. T. , … Read more