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In her Budget Speech, the Finance Minister announced a proposal to issue a Digital Rupee by the Reserve Bank of India (RBI) starting financial year 2022-23. What functions might a Digital Rupee (synonymously, a central bank digital currency or CBDC) issued by the RBI, serve? Identifying the use-cases of a CBDC is critical to the

[Mukund Arora is a second-year BBA LL.B. (Hons.) student at the Symbiosis Law School, Pune] London Interbank Offered Rate (LIBOR) was a benchmark rate used to price lending transactions among major global banks in the international market. It demonstrated the borrowing costs between banks on unsecured terms. According to the Federal Reserve System, it was

[Amiya Krishna Upadhyay and Arnab Chakraborty are 4th Year B.A., LL.B. (Hons.) and B.B.A., LL.B. (Hons.) students respectively at National Law University Odisha] On 31 December, 2021, the Competition Commission of India (CCI) directed the Director General to probe into the functioning of the App Store and corresponding in-app purchases (IAP) of the Silicon Valley

[Sumit Chatterjee is a final year student at the National Law School of India University (NLSIU), Bangalore] On 18 January 2022, a single judge of the Delhi High Court upheld the prohibition on unilateral appointment of arbitrators by parties in Envirad Projects v NTPC Ltd., rejecting the validity of the arbitral clause providing NTPC with

[Krishna Agarwal is a 3rd year BA LLB Hons. student at Gujarat National Law University] The Government of India envisages augmenting its gas-based economy from the existing 6% to 15% by 2030. To achieve this goal, the Government of India made certain structural changes in the gas-market. Gas imbalance is a phenomenon where there exists

Whenever injured because of the carelessness or the negligence of someone else, there is a possibility you can file an injury claim so you can be compensated for what you suffered. This means you get help when it comes to dealing with lost wages and costly medical bills, which can be quite crippling. To increase

SUPREME COURT UPHOLDS HIGH COURT’S POWER TO EXECUTE FOREIGN DECREE A Division Bench of the Hon’ble Supreme Court of India comprising of Justices Ajay Rastogi and Abhay S. Oka passed a Judgment dated 28-01-2022 in the case of Messer Griesheim Gmbh (Now Called Air Liquide Deutschland GmbH) v. Goyal Mg Gases Pvt. Ltd {Civil Appeal No(S). 521 of 2022 (Arising out

SUPREME COURT ALLOWS FILING OF CLAIMS BEFORE RESOLUTION PROFESSIONAL BEYOND LIMITATION, IN VIEW OF COVID-19 PANDEMIC A Two Judge Bench of the Supreme Court comprising of Justice Indira Banerjee and Justice J.K. Maheshwari passed a Judgment dated 29-11-2021 in the matter of GPR Power Solutions Private Limited vs Mr. Supriyo Chaudhuri (Resolution Professional of Rohit

SUPREME COURT REITERATES THE GROUNDS FOR SEEKING BAIL A Two Judge Bench of the Hon’ble Supreme Court of India comprising of Justices M.R. Shah and Sanjiv Khanna passed a Judgment dated 28-01-2022 in the case of Centrum Financial Services Limited Vs State of NCT of Delhi and Anr. {Criminal Appeal No.94 of 2022} and held

THE IMPORTANCE OF CHOOSING THE RIGHT APPLICABLE LAW IN CROSS BORDER TRANSACTIONS In recent times, cross border business has become the new normal. With globalization and digitalization, business has now expanded to cross borders and we see a surge in cross border businesses. Essentially, cross border transactions would include transfer of goods or services between