Edition 107

IT’S ALL IN THE MIND

Insights

FEMA (Non-Debt) Instruments Rules 2024

⁠IPR

Intellectual Property in Agriculture

Tete-a-Tete

Closeted in Space

What’s brewing

Amendment in Disaster Managemen

Verdict

Lessee as third party under SARFAESI

⁠Lawtitude

Precision breeding

Insights

Key Changes Introduced by the Foreign Exchange Management Rules, 2024

The latest FEMA amendments to the Non- Debt Instruments is part of efforts to streamline the law by plugging loopholes and compliance effective.

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Decoding IPR

Unveiling India’s The Protection of Plant Varieties and Farmers' Rights (PPVFR) Act, 2001: Transforming Seeds, Rights, and Innovation

India enacted the Protection of Plant Varieties and Farmers’ Rights (PPVFR) Act, 2001 to have an effective law governing IPR’s in agriculture and plug the gaps in interpretation of the TRIPS agreement.

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Tête-à-tête

Closeted in Space

Outer space is no one’s yet everyone’s!

What's Brewing

The Disaster Management (Amendment) Bill, 2024

The Disaster Management (Amendment) Bill 2024 was introduced to ensure the effective reach and implementation of the provisions at the micro level.

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Circulars and Notifications

The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.

The Verdict

Third Party (Lessee) Rights Under SARFAESI

The Apex Court categorized the rights of lessees who are third parties to Banks seeking to enforce SARFAESI provisions against Lessors who borrowed loans and defaulted payment.

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Go Figure

Waqf - for Religion

Waqf and its latest amendments

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Lawtitude

Precision Breeding in the Uk: Unraveling the Genetic Technology (Precision Breeding) Act, 2023

In March 2023, the UK Parliament passed the Genetic Technology (Precision Breeding) Act with the objective of regulating the niche area of precision breeding – modifying the DNA of plants and animals to obtain newer varieties / breeds.

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Lawlipop

Less (GST) is more (lives saved)

Less (GST) is more (lives saved)

GST on cancer drugs cut from 12% to 5%

Go ethnic:

Go ethnic

Health Ministry: design Indian attire for convocation

Quirky Corner

Pachinko Puzzles: Japan Spins the Rules of Gambling

While gambling is mostly illegal in Japan, there are exceptions like pachinko parlors where players can win tokens instead of money. These tokens can then be exchanged for prizes or cash at separate establishments, creating a legal loophole that allows gambling to flourish in a unique way.

Worth a Thought?

The Subtle Art of
Letting Go

It is human nature to hold on. Be it a job or relationship or circumstance, it is our first instinct to continue with it and go with the flow. Status quo is a comfort zone. Knowing when to let go is one of the strongest yet subtlest feeling. For it brings with it heavy baggage which is mostly emotional. When there is stagnation , lack of communication, no positive energy, basically nothing to look forward to one pro-actively mend it by clear communication and action. Else, let go. It may begin as a faint voice inside the head and get louder over time. Even if the faint voice is consistent, it is indication to release all the trapped energy and move on. The next time you feel you are walking down a never-ending dreary road, it is time to let go. Worth a thought?

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