Recent Modifications in Construction Sector

Team LawDocs

Building Contracts

According to data and analytics company GlobalData. The Indian construction industry already been showing signs of weakening before the outbreak of Covid-19. The residential market was struggling due to rising unemployment. A liquidity crunch in the non-bank financial sector, and a decline in new residential projects launched across major cities.

The situation expected to improve in 2020 due to government initiatives such as improving liquidity position. And expanded infrastructure investments under the National Infrastructure Program. The pandemic, however, has caused disruption in the economy, worsening unemployment amid the extended lockdown.

The industry expect to show unprecedented decline in the second quarter. As the strict lockdown to prevent the virus outbreak has largely brought construction to a halt.

Companies, such as JCB, which recently cut 400 jobs at its factories in India, are being pinch by a lack of demand for equipment as construction slows. There is an approximately 80% decline in demand for products in May and June as compared to the same period last year.

According to the World Bank, the Indian economy expect to contract by 3.2% in financial year (FY) 2021. The debt to GDP ratio expected to rise from 70% in FY 2020 to more than 80% as per market consensus. Due to the lower revenue generation and higher expenditure. This would limit the government’s ability to invest heavily in the infrastructure segment, including the National Infrastructure Pipeline.

Comments

Domestic Violence on Males in India

Author:Aswati Sharma, D Y Patil, Deemed to be University INTRODUCTION When we talk about domestic violence all we think about is females and children being victims of it due to men in the house as the general perception of a normal Indian citizen believes that the male of the house is stronger and tougher whereas on the other hand women are considered to be soft, expressive and loving. The males of the house in India usually hold a dominant position and if they try expressing their emotions or try voicing up against the wrongs which they’re facing they are labelled as women or sexiest or men who can’t see women rising. In numerous films, we see a male being exploited by a female is considered to be a funny scene whereas if a man does the same with a woman that act is considered to be a point of discussion and social problem, which is constitutionally illegal. Spousal abuse is not something that is faced by only females but it’s gender-neutral instead. Sometimes woman also establishe

Marital Rape: An exception that needs to be criminalised in India

Author: Tanisha Priyadarsini, Madhusudan Law University Sexual intercourse or sexual activity by a man with his own wife, who is above 18 years of age, is not a sexual assault, ‘even if it is against the consent or will of the wife’. Under the section 375 of Indian Penal Code, 1860 deals with the word ‘rape’ and defines it as an unlawful sexual intercourse carried out forcibly or under the threat of injury against the person’s will or with a person who is incompetent of giving valid consent due to mental illness, intoxication or unconsciousness, or with a person who is below 18 years of age. But there are two exceptions attached to the section 375 of Indian Penal Code,1860 which state about the scenarios, which are not considered as rape situations. The two exceptions are: first, the victim’s consent is necessary for he medical examination or interventions; and second, sexual intercourse by man with his own wife, who is 18 year above, is not a rape. Going back to the roots, the IPC is

Consumer Laws: Guidelines for a consumer in India

Author: Mashira Khan, Mumbai University Thane sub-campus Introduction. In recent times, transactions of goods and services have become very common. It starts from the seller and ends at the buyer or consumer. A consumer can be either a person, group of persons, company etc. In India, laws for consumers were introduced under consumer protection act, 1986. Recently the act was changed as The consumer protection act,2019 effective from 20th july, 2020. Under this act, a consumer is defined as: “A consumer is who buys and uses the goods and services with the permission of the person who purchases the goods or services.” (“1”) The purpose of the act was to protect the consumers from malpractices committed by sellers, create informed consumers, increase transparency in the transactions and make people aware of their rights and remedial options available. It assures, wherever possible, access to an authority of goods at competitive prices,and to assure that consumers interests will receive

LawDocs Blogs

Search This Blog