Showing posts from February, 2021

A legal Invasion of Privacy

  IT Rules 2021    The Government on Thursday Announced some guidelines and rules to control and regulate the digital content. The Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules 2021 also establishes some code of ethics to be followed by the Online Content Publishers, News websites, OTT platforms (Such as Netflix, Amazon Prime, or Disney+ Hotstar, etc.) and Social Media content Creators. These rules also include a proposal to establish a three tier grievance portal for the public to address the grievances of content that can be harmful to national security as well as the modesty or safety of an individual.  The IT rules for the digital publishers and OTT platforms are more in focus to the self regulation by these respective Platforms,Whereas The Grievance redressal mechanism is implemented to restrict the creative freedom of an individual or group of individuals. Implementation of the Rules 1. The OTT platforms such as Netflix,

Price hike in oil prices: why and how

The fuel Price in India hit the record high three figures for the first time in the history of India. On Wednesday the retail price of regular petrol hiked by 26 paise in Rajasthan’s Sri Ganganagar and reached Rs. 100.13. While the Diesel rested at Rs. 92.13 after a hike of 27 paise. The fuel prices in India vary from state to state, City to City. It is determined after implementing state and central government taxes. So why are the prices rising like never before?  After effects of the infamous Pandemic:  Due to the then on-going Pandemic, the demand of Crude Oil (pre refined petroleum) showed a significant drop in April 2020. Which then turned to a collapse in prices of crude oil.           After Pandemic, Saudi Arabia a key oil producing country voluntarily cut its supply by about one million barrels to 8.125 million barrels of crude oil to boost the prices hence to cover the loss due to Pandemic. Resulting in Price of Crude Oil hiked by about 50%. Compared to $40/Barrel

Budget 2021 : Sitharaman's Timid Approch

Finance Minister Nirmala  Sitharaman presented The Budget in Parliament, which happens to be the NDA government's first after covid pandemic hit India and the ninth one under Modi government. For Nirmala Sitharaman, this is the third budget as she debuted in 2019, springing a change by replacing a decades old leather briefcase with " Bahi-khata". As this years budget is paperless, Bahi khata  has been replaced by a Made in India tab.  PM Modi said ahead of the joint session of Parliament on Friday, 2020 was a year of four to five mini budgets as the finance ministry announced several stimulus packages throughout the year to cushion the blow of the pandemic. Union Budget 2021 will be an extension of those, PM Modi said. Prime Minister Narendra Modi, defense minister Rajnath Singh, home minister Amit Shah and other BJP leaders praised the Budget for being holistic in approach. Though it does not have an announcement of tax exemption, there are several announcements which wi


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