Category: Economics

Barriers to trade have existed since time immemorial. To begin with, it was the natural barriers in the form of mountains, seas, rivers and geographical remoteness. But continuous innovation in transportation has helped to overcome this problem. The biggest obstacle to trade now is the man- made.Despite national trade policies marching on to be outward-oriented, in the global trade it is global to find significant trade barriers to protect a country’s market from intrusion by foreign firms. All nations apply barriers, obstacles or trade impending factors – the difference is only that of degree. “Protectionist barriers to economies are what steroids are to athletes – a temporary fix and a long-term disaster.” Image Source: b2b498fa173fe1c8c461-97707f5c7d17291ba358946428536a09.r5.cf2.rackcdn.com Protectionism ultimately hits the protectionist. The National Trade Estimate Report on Foreign Trade Barriers has…

The relations between the two have become an issue to watch for the world especially’ after they exploded their respective nuclear powers in 1998.The world gets on the edge whenever there is a tension between the two, as was the case after the terrorist attack on Indian Parliament in December, 2001, or after the November, ’08 terrorist strike in Mumbai – it can always trigger a nuclear conflict between the two neighbours. The terrorist attack on November 26, 2008 has caused renewed tension in Indo-Pak relations. ADVERTISEMENTS: The fear of military confrontations was high but sanity prevailed and the crisis defused. Earlier, Pakistani trained terrorists had struck in Jaipur (May, ’08), Bangaluru (July, ’08), Ahmedabad (July, ’08), New Delhi (September, ’08), A few of the terrorists were home-grown belonging to…

(a) A suit by a guardian for the custody of his ward;(b) A suit for damages for infringement of a trade mark;(C) A suit against a corporation;(d) A suit for mesne profits; ADVERTISEMENTS: (e) A suit for specified performance of a contract of sale of immovable property; and(f) A suit for a tort.(a) A suit by a guardian for the custody of his ward may be brought in the court of the place from where the ward was removed or at the place to which the ward was removed. Image Source: scfamilylaw.com ADVERTISEMENTS: (b) A suit for damages for infringement of a trade mark may be brought in the court of the place where the defendant resides or in the court of the place where the defendant publishes advertisements constituting…

“Under the Hindu Jurisprudence there was only a law of prescription and now no Law of Limitation as such. For the acqui­sition of title by prescription, a period of 10 years was laid down by certain smriti writers, though others differed regarding the length of the period.The main occupation of the people being agriculture and there being very little of commerce or trade, concentration was more on the land and the rights therein. This was the position not only in Hindu society but also in other countries; thus in England, before the James Statute of 1623 there was no specific law of limitation.Before 1858, two systems of law of limitation were administered by the Courts in India. In the territories within the original jurisdiction of the Courts established by Royal…