RBI or SUPREME COURT Who exemplified better Prudence?

RBI or SUPREME COURT

Who exemplified  better Prudence?

Ostensibly 2017 was revolutionary year in India due to multiple legal and fiscal amendments constitutionalized by Indian government. Alongside cynical move of GST implementation by government, virtuous act of rendering triple Talaq illegal. Citizens were always in turmoil waiting for the next sorcery of government. 

In 2017, the topmost body of India protecting our laws, “SUPREME COURT” worked efficiently by passing laws and providing judgment to many pending cases. Some of the important laws passed and judgments given are:   

·        .Triple Talaq Unconstitutional

Haughty topic of divorce was the reason behind   scuffle in the most controversial religion of India. Triple Talaq was malevolent for Muslim women, especially from rural India. They were given justice when triple talaq was declared unconstitutional. Muslim marriages in India are considered to be a private matter, unless the couple decided to register their marriage under the Special marriage act. Owing to these historical factors, the checks that have been placed on the husband's unilateral right of divorce by governments of other countries and the prohibition of triple talaq were not implemented in India.

^{Considering the plight of women many debates involving clerics took place in India.}  On 10 May 2017, senior cleric Maulana Syed Shahabuddin Salafi Firdausi denounced triple talaq and nikkah halala calling them un-Islamic practices and instruments to oppress women

On 22 August 2017, the Indian Supreme Court deemed instant triple talaq (talaq-e-biddah) unconstitutional.

·        Sex With Minor Wife Is Rape.

Another law protecting women, was passed. Having an intimate relationship with wife without her consent below who is a minor will be deemed as rape. And prosecution will take place taking in account the procedural methods of rape. Still in many rustic place of India, minor marring happens. In such cases protecting the female and giving her the best opportunity to curate her life by developing her potentials will be possible, because of such law. 

·        Seeking Vote In The Name Of Religion/Caste Is Corrupt Practice.

The methodology which ruined India for this many years has been remarked unlawful. Policies of politics aims their vote bank, on the basis of caste creed and religion. Campaigning tactics and manifestos of parties work accordingly. The euphemistic remark of Supreme Court can be concluded as “don’t fool people using caste tactics”. This law is remarkable in politics. This will help citizens to select the government and hear from the government about statistics and less verbose shit.  

 

·       

  Speedy Disposal of Bail Pleas

Relief to wrongly convicted or remarked culprit. Since the toll of
 cases with government is high. For better management and speedy judgment reforms are made in giving justice. One of its important method is speedy disposal of bail pleas.

    Death for Nirbhaya convicts
Convicts of 2012 Nirbhaya rape case, were sentenced to death. Of the 6 culprits, one died in jail. While others were awaiting judgment. Juvenile in the case was given only jail period of   3 years as it was maximum considering the juvenile acts. Finally after time period 8 years  judgment was given - The culprits were given death sentence.

·        Uphaar Tragedy: Ansal Sentenced.

The Supreme Court sentenced Uphaar cinema co-owner 69-year-old Gopal Ansal to  imprisonment in the 1997 Uphaar cinema tragedy, which killed 59 cine-goers. Government showed fine of "Rs 30cr" is not enough to suffice their bowel. Fathom on Ansal family proved one can’t flee from vicious acts just by wealth & power. Still if same judgment would have been laid on Salman khan, there would have been less tryst in youth who don’t support Salman.

• ·        Dismissal of CJAR’s Plea with 25 Lakhs Cost- Darkest Episode of 2017.
• ·        Criminal conspiracy charges restored against L k Advani and others in Babri Masjid demolition case.
• ·        Deadline to make public place accessible to visually impaired.
• ·        Legal heirs can prosecute complaints.
• ·        Cheque bouncing case can be closed if complaint is compensated.
• ·        Every author has a right to speak ideas out freely and express thoughts adequately.
• ·        Landmark decision to reform prison for ameliorating the condition of prisoners.

Many jurisdictions were passed in favor of women and speedy judgments were seen. It worked in accordance with the policies which laden them to work quickly. 

RBI

On 1^st July 2017, GST tax was implemented. GST was proposed in parliament in 2000. Finally 17 years later, the concept was implemented. The main aim of the structure was to replace many indirect tax laws that previously existed in INDIA. It is one indirect tax for entire country. “GST is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.” Goods and services are divide in 5 tax slabs they are 0%, 5%, 12%, 18%, 28%. BY implementation of GST, cascading effect of tax will be removed. Taxation method is a virtuoso for SMES and the hypothetical non- corrupt business magnates. Service sector is affected in a positive manner by GST. Since various tax are curbed and cocooned it in a single tax.

Along with it, tedious procedure of paying tax is reduced as the system is made online. The perks of the system is overall reduction in amount of tax to be paid. The components of GST are CGST, GST and IGST.  Witnessing the perks of the taxation system many organization which were not registered in the system will tread on legalizing themelves and getting license. Thus it will regulate the unorganized sector. This will lead to less tax evasion. Moreover inflation will be reduced as cascading effect on taxes will be eliminated. Revenue of the government is very likely to increase with an extended tax net. Exports and FDI would also increase.

This indirect tax system under GST improve the collection of taxes as well as boost Indian economy. It will reduce barriers between states and integrating the country by a uniform tax rate. Since tax barriers are reduced, various costs in stages are reduced. Thus total cost on a product or service leading to reduction in total cost. It can be very well experience as our service providers have reduced their price comparatively.

 Thus rates for consumers will be reduced. Moreover exports will increased. Textile industry has already seen growth in its exports. The sector contributes 10% of overall exports in country.

The largest employment sector in India, agriculture which covers 16% of Indian GDP will be affected as one of the major issues faced by the agricultural sector is transportation of agro-products. On which intra state GST will be levied.

Make in India project and Indian youth are very well encouraged by the taxation induced in this system. Removal of ambiguous tax regime is haven for entrepreneurs as there will be free flow of goods and services. Moreover for freelancers who had difficulty in the earlier regime to file their tax will not face those vicissitudes in the present status quo. Both the sectors are quite famous among youths.

On 8^th Nov 2016 in a perplexing move, government announced it would demonetize rs 500 and rs 1000 notes. Thus demonetizing 86% of Indian economy. The ripple effects created have positive and negative effects. Prescient and nescient - everyone were flabbergasted by the move. The main motive was to reduce the flow of black money in India.

The latter months were exasperating, especially to lower and middle class. Even the people living in affluence were affected by the move and had needles stuck in their routine. There was a Wave of turmoil in the country. Travel industry was the worst affected. Foreigners faced a lot of problems. The move was not very well executed considering the amount of economy demonetized.

Digital payments and transactions were increased. Even small vendors started accepting money through digital mode. Fake currency in India became useless. Thus flow of illegal cash was reduced. The unaccounted money will make way into the formal channel. This will raise the income tax collections. This raised amount from income tax will help the government to reduce the fiscal deficit in the fiscal year 2017. Moreover Kashmir and North -East had a placid time-period for quite a time. At both places terror groups were powered by black money. Due to financial emergency their supply was curbed, since the hawala system was choked.

RBI and Supreme Court both made some moves that were scintillating and also had  long term solution. Supreme Court made laws and passed judgments which were pending from many years. The laws made will affect Indian citizens and credo in law system will be re-instated.

 But even though such laws are made, following them or breaking those goes on a particular human and its mindset. In 2017 many laws were passed, protecting women. But demagogues have stubborn mind and will continue to act. Recently Asifa rape and murder case took the lime light. And inferno in country was set ablaze demanding new laws for punishing culprit. So every now and then there will be  requirement of new laws. Unless and until mindset is not changed and very strict laws are not passed, such unrest can be seen at certain intervals. Work of supreme court was more tilted in uplifting the morale of Indian citizens, but considering the rate of development of India still speedy judgments are awaited. Merciless punishments to certain crimes are awaited. Laws bringing India on world map are remaining. Though cynical or politicized move, GST and demonetization left a permanent mark in Indian history. Acclimatizing to this policies and facing troubles was evanescent. In third largest economy of world bringing such changes are worth adulating. World Bank reported India  recovered from demonetization and GDP is expected to grow at 7.3% in 2018 and 7.5% in 2019.

India is heaven for foreign investors. FDI and FPI have increased in India. Considering the stature India has in world, such successful policies and reforms makes it stand apart from the stereotypes. The time is not away when Chimera will become reality and India will be  pioneer in world market