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G20 India SummitHere's everything Bharat achieved: 1⃣ Consensus on UkraineThis was 'The ISSUE' that was going define how...
10/09/2023

G20 India Summit

Here's everything Bharat achieved:

1⃣ Consensus on Ukraine

This was 'The ISSUE' that was going define how the world saw India's stewardship of the G20.
That's because the grouping was divided on the Ukraine war.

While Russia and China wanted to avoid discussion on Ukraine, Western nations wanted to condemn Russia.

This issue has blocked consensus throughout Bharat's G20 Presidency.

Had Bharat failed to achieve consensus and release a joint declaration, the G20 summit may have been described as a failure.
Eventually, a compromise was brokered that significantly toned down criticism of Russia

It was widely accepted that Bharat would be unable to forge a consensus on Ukraine

We were wrong!!

👉🏿Bharat managed to get a joint declaration which will go down as THE BIG TAKEAWAY from this Summit

It will prove beneficial to India's diplomatic reputation.

2⃣ African Union becomes G20 member.

The 55-nation AU became a member of the G20 today. This was a significant move for Bharat, which has try to project itself as a Voice of the Global South.

Bharat can now concretely point to its record of pushing developing country concerns.

3⃣ Economics

Two major things stand out: Debt Relief and Reform of International Institutions.

On debt, poor countries have been struggling since the COVID-19 pandemic with high debt levels. Efforts to work together & bail them out (including by the G20) have been slow.

Bharat managed to speed up this process by getting consensus to help new countries like Ghana, Zambia and Ethiopia.

The major story was also reform of institutions like World Bank & IMF. Experts have called for them to lend more money for climate change & to help poor nations.

At this G20 Summit, countries agreed to consider major recommendations to reform these global institutions. This will allow them to spend billions on global priorities over the next decade.
Besides this, progress on highly complex global tax reforms also took place.

4⃣Technology

First, countries agreed to consider regulations on cryptocurrencies given the threat they pose to the stability of the financial system

Second, Bharat successfully pushed Digital Public Infrastructure (basically Aadhar, UPI) as a means of financial inclusion.

This is expected to help Bharat to export its homemade tech solutions across the developing world. This further boosts its international reputation as a provider of global solutions.

5⃣ Climate Change

The Bharat-led Global Biofuel Alliance was also launched today.
The goal: To "take an initiative at a global-level to take ethanol blending in petrol up to 20%"

This is part of Bharat's larger clean energy push & will help boost Bharat's image abroad.

China and it's Indian franchise Congress tried their best not to have any joint declaration but they failed misably

Bharat got pretty much everything it wanted

This was the most successful G20 till date

After discussions with about 1000 husbands embroiled in legal battles, I see a common mistake many husbands make with th...
03/09/2023

After discussions with about 1000 husbands embroiled in legal battles, I see a common mistake many husbands make with this arrangement:

A lot of major expenses like rent, groceries, utilities, etc, are paid from the bank accounts and Debit/Credit Cards of the husband.

After a month, or two or three months, a certain portion of these expenses (20 to 50 percent) the wife transfers to the bank account of the husband, as her contribution to the household expenses.

This way, over the years, one can see several lakhs of rupees sent from the bank account of the wife to the husband.

If things go sour, one of the points of dispute becomes this amount.

The wife, in her FIR, her DV Petition, her Maintenance case, and in the Divorce case, claims this amount to be dowry that she was beaten, tortured, and then forced to keep paying to the husband and in-laws.

The husband of course protests.

But often these pleas fall on deaf ears.

The police have an excuse to arrest. The courts have a reason to deny anticipatory bail.

Alimony amounts grow larger as well.

It is therefore very important, for a husband (or a wife), at least for the first few years of marriage, to have a better division of household expenses with the above technicality in mind.

Each expense, pay half and half.

02/09/2023

‘Systematic design to destroy institution of marriage’: Allahabad HC slams -in relationships

Granting bail to a man accused of ra**ng his live-in partner, Justice Siddharth said “changing partners every season cannot be considered the hallmark of a healthy society” and it is “very difficult” for women coming out of live-in relationships to find a partner for marriage.

Read more:
https://indianexpress.com/article/india/middle-class-morality-india-allahabad-hc-bail-man-accused-ra**ng-live-in-partner-8919698/

List of inappropriate behaviors under POSH:Please note that the following list provides examples of inappropriate behavi...
15/07/2023

List of inappropriate behaviors under POSH:

Please note that the following list provides examples of inappropriate behaviors under POSH for informational purposes only. This list is not exhaustive, and the interpretation and application of the POSH Act may vary depending on specific circumstances and legal considerations. It is advised to consult the actual provisions of the POSH Act and seek legal advice for a comprehensive understanding of the law.

1. Sexual advances or requests
2. Verbal or written comments
3. Unwanted physical contact
4. Displaying explicit content
5. Offensive gestures or actions
6. Cyber harassment
7. Unwanted sexual comments or innuendos
8. Invasion of personal space
9. Persistent unwelcome advances
10. Coercion or pressure
11. Retaliation or victim-blaming
12. Gender-based insults or derogatory language
13. Unwanted staring or leering
14. Unwelcome personal inquiries
15. Discrimination or exclusion based on gender
16. Unwanted touching or brushing against someone's body
17. Making sexual jokes or remarks about someone's sexual orientation
18. Circulating or forwarding sexually explicit emails or messages
19. Creating and sharing offensive or derogatory memes or images
20. Exposing or deliberately showing explicit material to someone without their consent
21. Making sexual gestures or mimicking sexual acts
22. Unwanted or excessive physical contact during conversations or interactions
23. Making derogatory or offensive remarks about a person's appearance, clothing, or body
24. Spreading rumors or gossip of a sexual nature about an individual
25. Pressuring someone to dress in a certain way or make changes to their appearance to meet someone else's sexual preferences or expectations

Remember, the interpretation and application of the POSH Act may vary, and it is advisable to consult legal professionals for specific legal advice and guidance.

🗣🎤Important Updates on POCSO Act for Lawyers and Advocates.I wanted to bring to your attention some recent developments ...
12/07/2023

🗣🎤Important Updates on POCSO Act for Lawyers and Advocates.

I wanted to bring to your attention some recent developments regarding the Protection of Children from Sexual Offenses (POCSO) Act in India.

These updates are crucial for us to stay informed and ensure effective advocacy for the protection of children.

🔒 Reporting Requirements: The POCSO Act now mandates that the National Cyber Crime Reporting Portal be designated as the national platform for reporting electronic materials related to child sexual abuse. This centralized portal will streamline the reporting process and facilitate prompt action against offenders.

🌐 Website Responsibility: All websites and intermediaries hosting materials that contain child sexual abuse content will be subject to strict regulations. The Union Government, through its designated authority, will have the power to block or prohibit such websites, ensuring that offenders are unable to disseminate harmful material online.

🔐 Encryption and Law Enforcement: In the pursuit of apprehending child pornographers, there has been a proposal to allow law enforcement authorities to crack end-to-end encryption. This contentious issue raises questions about balancing privacy concerns with the imperative to protect vulnerable children. Advocates will play a crucial role in shaping the discourse and ensuring a balanced approach.

As legal advocates, it is our responsibility to stay informed about these developments, understand their implications, and contribute to the ongoing dialogue. Our collective efforts can make a significant impact in safeguarding children from sexual offenses. Let’s continue to work together to uphold justice, protect the vulnerable, and create a safer society for our future generations.

A quick tip regarding cheque bounce matters - It is common for people to remember the timeline for initiation of cheque ...
11/07/2023

A quick tip regarding cheque bounce matters - It is common for people to remember the timeline for initiation of cheque bounce cases u/s 138 of the NI Act as - 30 days- 15 days- 30 days i.e

1. Demand notice to be issued within 30 days of receipt of information by the payee regarding the dishonour of the cheque.

2. 15 days time to be given from the receipt of the demand notice to the drawer of the cheque to make payment.

3. If no payment is received from the drawer in 15 days, file a complaint within 30 days after the expiry of the previous 15 day period.

Remembering it this way can be problematic because it works well most of the time but not all of time.

Point to note is that Section 142 of the NI Act, which governs the limitation period to file a complaint after the expiry of the 15 day notice period, uses the term “one month” and not “30 days” to prescribe the limitation period to file a complaint.

This means that if your 15 day period were to expire on 31st January, your limitation to file a complaint would commence on 1st February and technically, you would have only 28 days and not 30 days to file the complaint (unless it’s a leap year).

There could be some argument about what “one month” means and whether it should be interpreted as ‘one month = one “calendar” month = 30/31 days’ but the truth is that many districts courts may disallow such an interpretation immediately and even if you are able to later agitate this point before a higher court and gain a positive order, it translates into an extra round of litigation for the client, not to mention the additional litigation cost involved as well as the the irritating delay caused in initiation of the main S.138 NI Act complaint.

Best to take a conservative view in such cases and file it within the stipulated time.

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Mutual Divorce Alimony / Divorce Settlement Agreement🔹Eligible to get Alimony talks in Under section 23 of Hindu Marria...
06/07/2023



Mutual Divorce Alimony / Divorce Settlement Agreement

🔹Eligible to get Alimony talks in Under section 23 of Hindu Marriage Act and following factors need to be considered
1.Husband and wife Income , other properties.
2.Conduct of both the Husband and wife .
3.Income tax returns, EMI, Loan repayment
4. Liability of Husband
5.Social Status and lifestyle of both the parties
6.Age and health condition of both the parties
7.Period of marriage
8.Expense of Education and upbringing of the child

🔹Types of Alimony
1.Separation alimony
2.Permanent Alimony
3.Rehabilitative Alimony
4.Reimbursement Alimony
5. Lum sum Alimony

🔹Laws relating to Alimony
1.Sec 125 of CrPc
2.Sec 18 Hindu Adoption and maintenance act
3. Sec 25 of HMA
4. Sec 37 of Special Marriage Act
5. Sec 23 of Hindu Adoption and Maintenance Act

🔹What is included in Divorce Settlement Agreement
1. Child custody
2. Distribution of Property
3. Repayment of debt
4.Permanent Alimony
5.Child Support after divorce
6.Property given to wife during marriage as Stridhan
It is advisable to enter into divorce settlement agreement as soon as possible that is before filing divorce petition .

🔹 Enforcement
1. Filing an agreement in court after signing
2. If one party fails to comply with the terms of divorce settlement agreement the other party can file a motion in court.
3. Ask the court to modify the agreement on the changed circumstances.

🔹 Negotiation in Divorce Settlement Agreement
1.Hiring an advocate to guide you in understanding the rights
2. Another option is ADR process
3. Party can also collaborate and agree to work together to negotiate settlement agreement.

The in-hand salary of a CA is the take-home pay that you are referring to.There is no fixed amount but there is a range ...
18/05/2023

The in-hand salary of a CA is the take-home pay that you are referring to.

There is no fixed amount but there is a range based on years of experience, city of posting, expertise and the company working for. I am assuming that the average monthly payment will include some variable pay/incentives (For CA’s this can be from 10 to 30% of CTC).

Indian Companies :

For MNC’s and large listed companies multiply by a factor of 1.5 to 3 x of the upper range):

1 to 3 years - up to Rs. 50,000 per month

4 to 10 years - up to Rs. 150,000 per month

up to 20 years - up to Rs. 250,000 per month

over 20 years - Anything above Rs. 250,000 per month

CA firms (Indian) (Relates to mid-size firms - excludes start-ups and small outfits)

1 to 3 years - up to Rs. 20,000 per month

4 to 10 years - up to Rs. 50,000 per month

up to 20 years (if not a partner so far) - up to Rs. 100,000 per month

Partners - Anything above Rs. 100,000 per month plus profit share

Please note that the higher end of the range has been shown. Typically almost 60% of companies/firms, operate in the bottom segment of the numbers stated.

City-wise pay can vary by as much as 30%. PSU and Banks pay almost the same across the country.

Also, for reference please refer to the ICAI recruitment data and employment portals for more information.

—————————————

Disclaimer:

a) This information is valid as of January 2020.

b) Changes in economic activity and factors like COVID19, changes in the working environment (work from home) can lead to temporary decline/increases from time to time.

c) One must note the fact that the role of CA’s is associated mainly with the organised sector and it is very sensitive to any changes in that environment. (automation, artificial intelligence, new technologies, entry of overseas firms, availability of skills/resources etc.)

d) On a priority matrix for employment, CA’s would probably be at a fairly high-level rung of a pyramid (which means fewer positions than other professions like Marketing, Sales, Production, Engineering or HR etc.) CA’s do not qualify as “essential services” like police, defence, medicare or even the legal system.

e) The above matrix may not be relevant for people above 50 years of age, for whom the scenario can be radically different based on what they have achieved in their career so far.

Union minister Kiren Rijiju was on Thursday shifted from the law ministry and assigned to the Ministry of Earth Sciences...
18/05/2023

Union minister Kiren Rijiju was on Thursday shifted from the law ministry and assigned to the Ministry of Earth Sciences. Minister Arjun Ram Meghwal has replaced Rijiju.

A press release from the Rashtrapati Bhavan stated, “Shri Arjun Ram Meghwal, Minister of State, be assigned the independent charge as Minister of State in the Ministry of Law and Justice in addition to his existing portfolios, in place of Shri Kiren Rijiju.”

Earlier, Rijiju’s remark about “some retired judges” being “part of the anti-India gang” received flak from various Opposition leaders, who took the minister to task for “talking like an outlaw” and “propagating injustice.”

We wondered why 2011 Padma Bhushan awardee Chanda Kochhar would be involved in an Rs.3,250 Crore loan case from 2009 Cha...
29/12/2022

We wondered why 2011 Padma Bhushan awardee Chanda Kochhar would be involved in an Rs.3,250 Crore loan case from 2009

Chanda Kochhar started her career in 1984 as a management trainee at ICICI bank. She quickly rose to the position of general manager in 1998

The year 2000 was transformational for her as well as for ICICI

Kochhar would start the ICICI consumer business. The retail bank would explode helping in promoting her to deputy managing director in 2006

ICICI’s market cap would rapidly rise to 1.6 Lakh Crore in 2008 boosted by its retail division. This would elevate Chanda Kochhar to CEO of India’s top three banking giants

In the same year, she would allegedly approve an Rs. 300 Crore loan from ICICI to star consumer brand Videocon. While loans are normal, this one did not follow the required process with the Kochhar family allegedly getting a kickback

Chanda’s rise to CEO would elevate her to the pinnacle of Indian business. While the allegedly improper loans continued, Chanda would shatter the glass ceiling. Kochhar would earn ~Rs. 8 Crore per annum. She would get the Padma Bhushan in 2011

The ascent didn’t stop

She was ranked as the most powerful businesswoman in India in Forbes' list of 'The World's 100 Most Powerful Women 2013. She was selected in Time magazine's list of the 100 Most Influential People in the World 2015

An icon for business, she had family, money & fame. But a storm was coming

In 2016 a shareholder of the Videocon group alleged a possible conflict of interest. ICICI Bank's board cleared Kochhar of the allegations

But in 2018 a fresh complaint was filed by a whistleblower. After this, she stepped down from her position as CEO amidst the inquiry

The fall from grace had begun, as the CBI got involved

After an enquiry concluded in 2019 it was found, she had violated the bank's code of conduct. Conflict of interest was clear

ICICI bank decided to terminate her services, not being provided with any retirement benefits

In 2019, CBI investigated the Kochhar couple and Venugopal Dhoot, the founder of Videocon. The trio were booked under the provisions of the Indian Penal Code and Prevention of Corruption Act

It was alleged that ICICI bank sanctioned credit facilities of Rs 3,250 crore to the companies of Videocon Group promoted Venugopal Dhoot in violation of the Banking Regulation Act, RBI guidelines and the credit policy of the bank

In 2020, following the CBI action, the Enforcement Directorate got involved, lodging a case of money laundering. 78 Crore worth of the Kochhar family assets were attached. In 2021, the ED submitted charges

Last week as 2022 ended, the Kochhar couple was arrested by the CBI in this saga that has rapidly unfolded in the last 4 years. Why such an influential, wealthy and connected individual like Chanda Kochhar would do this is a story for the movies.

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