The concept of “pacta sunt servanda”, a Latin phrase meaning “agreements must be kept”, is a sacrosanct principle of contract law. It is not supposed to be easy to escape contractual liability, and proving that events were unforeseeable, for example, is difficult.
Children should be allowed and provided with an opportunity to grow up to become robust citizens, physically fit, mentally alert, and morally healthy, endowed with skills and activations needed by society.
An employment bond is a legal agreement between an employer and an employee which confirms that the employee shall work for an agreed period upon joining the business. Wherein, the employee pledges to pay a certain amount to the employer if he/she decides to leave the organization before that agreed period.
Rural banks, commercial banks, cooperative banks, non-banking financial banks and development financial institutions make up India’s financial system which is regulated by the Reserve Bank of India. The RBI takes its name from the Banking Regulation Act, 1949.
A couple of months ago, I was searching online for mobile phones. What followed after a voluminous search was the barrage of emails of buy now, pay later (hereinafter referred to as “BNPL”) schemes. With 0% interest, flexible EMI options and little documentation looked very promising.
The law relating to negotiable instruments is not the law of one country or of one nation, it is the law of the commercial world in general, for, it consists of “certain principles of equity and usages of trade which general convenience and common sense of justice had established to regulate the dealing of merchants and mariners in all the commercial countries of the civilized world.”
Recently, the Chief Justice of India (CJI) was appalled with the elections that took place in Chandigarh and labelled it as the “murder of democracy”. His further remarks were “that the greatest stabilizing force in the country is the purity of electoral process”.
Foreign Portfolio Investors (FPIs) are entities outside India investing in Indian financial securities like bonds, derivatives, and stocks. FPIs bring in fresh capital which can boost liquidity and facilitate smoother buying and selling of securities.
When applications of Nuclear Technology are considered, they are predominantly limited to the sectors of defense, energy, infrastructure and other industrial based usages.