SEMINAR Introduction Unconscionablity Unconscionability is a doctrine in contract law that describes terms that are so extremely unjust, or moreover one-sided in favor of the party who has the superior bargaining power, that they are contrary to good conscience. Thus, it is determined by examining the circumstances of the parties when the contract was made, such as their bargaining power, age, and mental capacity. Other issues might include lack of choice, superior knowledge, and other obligations
Affairs, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952. The Forward Markets Commission is a regulatory body for commodity markets in India. Inherent objective is to achieve price stability by means of price discovery and risk management. The Commission also collects information regarding the trading conditions in respect of goods to which any of provisions of Act is made applicable. It also advises Central Government regarding recognition of
Paine’s “Rights of Man”, who rooted the idea of modern constitutionalism in the tradition of social contract theories. The idea of popular sovereignty entails that the structure & the continuity of the government is based on the consent of the people. This idea is certainly a modern one, associated with social contract tradition of Hobbes, Locke, & Rousseau & most remotely to the tradition of
Study on food processing sector Food processing industry in India is a sunrise sector that has gained prominence in the recent years. Availability of raw materials, changing lifestyles and appropriate fiscal policies has given a considerable push to the industry’s growth. This sector serves as a vital link between the agriculture and industrial segments of the economy. Strengthening this link is of critical importance to reduce waste of agricultural raw materials, improve the value of agricultural
change in the lifestyle of the drum beaters and thus putting their livelihood at stake. Even though there is an existence of jajamani system in our economy, the early works in terms of reports, articles, and books decline its existence. From the studies done earlier, it is noticed that a majority of the literatures on drum beatings are based on locations and techniques of drum beating. Hardly
Insurance plays an important and crucial role in the world of risk and uncertainties. The insurance sector acts as a vehicle of saving and financial intimidator and also as a promoter for investment securities. It plays a significant role in the economic development of the country by way of protecting the financial status of a person as he was immediate before the happening of the loss and also acts as a contribution in the capital development for the infrastructure of the nation. Insurance is desired
A Descriptive Study on Alternative Dispute Resolution in India By Mrs. Anjalli Vachhani (H.R. College of Commerce and Economics) Abstract: Fight is a fact of life. It is not moral or immoral. However, what is significant is how we accomplish or grip it. Negotiation practices are often essential to resolving fight and as a basic practice these have been around for many thousands of years. Alternative Dispute Resolution (ADR) refers to a diversity of rationalized resolution practices designed to resolve
risk for basis risk. The basis defined as cash price minus nearly future price. The basis between a futures contract and its underlying commodity is an important measure of the cost of using the future contract to hedge 1.1 INDUSTRY PROFILE Financial services industry is a term used to refer to the industry which provides
enterprise based on that idea. But doing business in India meant dealing with INDIANS. So he went to one of his friends who was an Indian, and asked him to explain what the work cultures of Indians are. His friend first laughed at him, and then began: 1. Avoid scheduling meetings on or even near a national holiday in India. And yes, there are plenty of “National Holidays” in India. 2. Punctuality for meetings is not a priority of Indians. If you are fifteen minutes late, it will be hardly noticed. Because
Minimizing this problem will require more than piecemeal rules created on a case by case basis; it will require a deep analysis of the proper hierarchy between international law and domestic courts, as well as the duties arbitrators should assume as private law fills much of the space once reserved for the state. Reducing parallel