A look at the subsidy offered by the Pradhan Mantri Awas Yojana

Context: Housing loan interest rates dipping in the past few months Introduction: Lower interest rates and stagnant property prices, in combination with the interest subsidy under the Pradhan Mantri Awas Yojana (PMAY), have markedly improved the economics for home buyers, according to bankers With interest rates falling about 200 basis points in the last 15… Continue reading A look at the subsidy offered by the Pradhan Mantri Awas Yojana

The painless way to stop smoking

Context: The U.S. Food and Drug has announced a comprehensive proposal to reduce the amount of nicotine in cigarettes to non-addictive levels which created havoc among tobacco companies. Introduction: The proposal is aimed at striking at the root of the problem of smokers getting addicted, and being unable to quit the habit. Nicotine does not… Continue reading The painless way to stop smoking

Implications of the freeze on parliamentary seats

Context The lifting of the freeze imposed on increasing the number of parliamentary seats by the Constitution (forty-second Amendment) Act, 1976, due in 2016 will require building of a new Parliament due to increase in number of seats in both houses. The new debate The debate revolves around the issues with constitutional dimensions of far-reaching… Continue reading Implications of the freeze on parliamentary seats

The Motor Vehicle (Amendment) Bill, 2017 gets stuck again

Context The Motor Vehicle (Amendment) Bill was again not taken up by the Rajya Sabha on Monday when it passed two Bills on jurisdiction and settlement of maritime claims and the Footwear Design and Development Institute. The Admiralty (Jurisdiction and Settlement of Maritime Claims), Bill, 2017, passed by the Lok Sabha in March, seeks to… Continue reading The Motor Vehicle (Amendment) Bill, 2017 gets stuck again

The need to amend the Prevention of Corruption Act, 1988

Definition There is a dire need to look at corruption through the lens of law, economics and psychology. The design of corruption control mechanisms is important. Introduction The Prevention of Corruption Act came into force in September 1988. It consolidated the provisions of the Prevention of Corruption Act, 1947, some sections of the Indian Penal… Continue reading The need to amend the Prevention of Corruption Act, 1988

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