The ‘promised land’ for minorities of Indic religions fleeing from some other countries
The
Not only does it blatantly exclude Muslims and Hindus of Sri Lanka where they are minority, it also violates the tenet of ‘equality and secularism’ that has since been governing the way India works.The same government that wants to open its arms to oppressed Hindus in India’s neighbourhood, did not extend the same gesture when persecuted Rohingya Muslims wanted asylum.
A day after it was passed in the Parliament, the move has already been taken to the Supreme Court to test its constitutionality.
Corporates can choose the tax they want to pay
This session, the government also passed the Taxation Laws Amendment Act 2019 which will provide companies with an option to avail of a reduced corporate tax at 22%. However, to be able to avail of this, companies should let go of some deductions under the Income Tax Act. New manufacturers can also pay 15% corporate tax if they let go of IT deductions.
E-cigarettes no more
The government which has been crusading against tobacco and other nicotine-based products with taxes and public warnings – has also extending it to e-cigarettes. The Prohibition of Electronic Cigarettes Act 2019 completes bans all aspects of it -- manufacturing, import, export, sale, distribution and advertisement. Vaping products which are marketed as anti-addiction products have come under the government radar, since they are being branded extensively with multiple flavours and are known to cause the same ill-effects as tobacco products.
Transgenders to be so only if certified
The new law defines transgenders and allows themselves to change their identity as different from what was assigned at birth. The new laws also tries to end the rampant discrimination against them when it comes to accessing healthcare and other basic services – in addition to employment. However, the law angered the community as it does not allow an individual to declare their own identity and requires a certificate from the authorities to be recognized so.
The International Financial Services Centres Authority Bill, 2019
The law will bring a new regulator into the market – International Financial Services Centers Authority which will be in charge of -- financial products (such as securities, deposits or contracts of insurance), financial services, and financial institutions which have been previously approved by any appropriate regulator (such as RBI or SEBI).
The Special Protection Group (Amendment) Bill, 2019
As per the new law, the SPG will provide security to the Prime Minister and his immediate family at the official residence. It will also provide security to former Prime Ministers and family members for a period of five years from the date on which he ceases to hold the office. This would cease the SPG that is offered to Sonia Gandhi and family since 1991.
The National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Bill, 2019
This law allows the residents of unauthorized colonies in the NCR region with valid documents like power attorney and sale agreement to obtain right of ownership. It also allows Delhi Development Authority to notify a colony for regularisation.
The Arms (Amendment) Bill, 2019
The new law aims at decreasing firearm ownership in the country. Not only does it reduce the licence time period to three years from five – it also reduces the number of firearms permitted to one from three earlier. It has also introduced more stringent punishments to those to break this law. Earlier, offenders would be jailed for three seven years with a fine. Now, they can be jailed between seven years to life with a fine.
The Constitution (One Hundred and Twenty-Sixth Amendment) Bill, 2019
This law extends the reservation of seats to SC, ST and Anglo-Indian communities in Lok Sabha and state assemblies. This law merely extends the timeline of the reservation which was introduced for 70 years and will expire in January 2020. It has been extended for another 10 years.
The Recycling of Ships Bill, 2019
The law intends to make ship owners accountable for the hazardous material used in ships and directs its reuse. The law covers warships, those registered in India and those entering Indian waters. The National authority will also carry out periodic surveys and monitor recycling. It also specified fines in case of oil spills at anywhere between ₹5-10 lakhs.
The Chit Funds (Amendment) Bill, 2019
As per the new law, creators of chit funds will need the prior sanction of the government. It also regulates this business and brings fraternity funds and rotating savings credit institution into it. As per the new law, a chit should be drawn in the presence of subscribers via video conferencing.
The National Institute of Design (Amendment) Bill, 2019
As per the law, four our National Institutes of Design in Andhra Pradesh, Madhya Pradesh, Assam, and Haryana will be given the power to grant degrees and diplomas.