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Articles by Prakash Yedhula

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Contract Labour (Regulation and Abolition) Act, 1970

  Prakash Yedhula   11 June 2008 at 10:40

The main features of the Act can be summarised thus:-The Actapplies to every establishment in which 20 or more workmen are employed or wereemployed on any day on the preceding 12 months as contract labour and to everycontractor who employs or who emp ..


Posted in Labour & Service Law |   4082 Views


Judges are public servants, not bosses

  Prakash Yedhula   14 May 2008 at 11:50

THE HINDUMay 2, 2008Judges are public servants, not bossesV.R. Krishna IyerContrary to what the Chief Justice of the Supreme Court recently said, the Right toInformation Act does cover ‘constitutional authorities.’Absolute power and egregious error w ..


Posted in Constitutional Law |   4369 Views


Impact of Recent Judgments on Labour

  Prakash Yedhula   14 May 2008 at 11:19

Impact of Recent Judgments on LabourPresentation by Adv. Prem Krishan Sharma[“Has the judiciary turned its back on the poor?” A Seminar, 4th Nov 2006, NewDelhi]After independence, the concept of social justice was introduced and the labour law develo ..


Posted in Labour & Service Law |   4556 Views


Foreign Exchange Turnover Data

  Prakash Yedhula   04 April 2008 at 13:35

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period March 10, 2008 to March 14, 2008.All Figures are in USD MillionsMERCHANTINTER BANKPositionDateSpotFCY/INRForwardFo ..


Posted in Corporate Law |   2642 Views


The Indian Economy and the Reserve Bank of India: Random Thoughts

  Prakash Yedhula   04 April 2008 at 13:26

The Indian Economy and the Reserve Bank of India: Random Thoughts(Shri Yeshwantrao Chavan Memorial Lecture 2007-08 delivered by Dr. Y V Reddy, Governor, Reserve Bank of India at the Indian Institute of Public Administration, Maharashtra Branch, Mumb ..


Posted in Corporate Law |   2829 Views


Acquisition and Transfer of Immovable Property in India by a person resident outside India

  Prakash Yedhula   04 April 2008 at 11:01

I Acquisition of Immovable Property in IndiaQ.1 Who can purchase immovable property in India?A.1 Under the general permission available, the following categories can freely purchase immovable property in India:i) Non-Resident Indian (NRI)- that is ..


Posted in Property Law |   3694 Views


Foreign Investments in India

  Prakash Yedhula   04 April 2008 at 10:58

Foreign Investments in India(As on April 1, 2007)The FAQs cover broadly the following areas :I. Foreign Direct InvestmentII. Foreign Technical CollaborationIII. Foreign Portfolio InvestmentIV. Investment in Government Securities and Corporate debtV. ..


Posted in Corporate Law |   3458 Views


Forex Facilities for Residents (Individuals)

  Prakash Yedhula   04 April 2008 at 10:55

Introduction:The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Act, freedom has been granted for buying and selling of foreign exchange for undertaking ..


Posted in Corporate Law |   2627 Views


Reserve Bank’s Instructions on Banking matters

  Prakash Yedhula   04 April 2008 at 10:50

I. DOMESTIC DEPOSITS1. Whether banks can accept interest free deposits?Banks cannot accept interest free deposits other than in current account.2. Whether banks can pay interest on savings bank accounts quarterly? Banks can pay interest on savings ba ..


Posted in Corporate Law |   3205 Views


Basic Principles of Income Tax Law

  Prakash Yedhula   13 March 2008 at 15:58

BASIC PRINCIPLES OF INCOME-TAX LAWBy: Justice R.K.Abichandani1.Constitutional Provisions : The Constitution of India vests the Parliament with plenary legislative powers to impose taxes on matters specifically enumerated in the Union List and all the ..


Posted in Taxation |   6220 Views