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The Supreme Court fails to decide key constitutional cases in time-bound manner
Context
Unless the Court strives in every possible way to assure that the Constitution, the law, applies fairly to all citizens, the Court cannot be said to have fulfilled its custodial responsibility.
Landmark judgments
- In the last few years, the Indian Supreme Court has delivered some judgments of far-reaching consequence.
- It declared the right to privacy a fundamental right; decriminalized consensual sexual conduct between adults of the same sex; recognized transgender persons as the third gender; and outlawed triple talaq.
- These decisions shore up the belief in republican values like liberty and equality reified in our Constitution.
Important cases pending in the Supreme Court
- Constitutionality of CAA: Many petitions were filed before the Supreme Court challenging the constitutionality of the Citizenship (Amendment) Act, 2019, that provides non-Muslim communities from Bangladesh, Pakistan, and Afghanistan a fast-track route to Indian citizenship.
- More than two years later, the matter continues to languish in the apex court.
- Dilution of Article 370: Innumerable petitions have been filed challenging the Presidential Order of August 5, 2019, that effectually diluted Article 370 of the Constitution.
- To date, the court has done precious little to decide this vexed question of law.
- Constitutionality of 103rd amendment: Petitions challenging the constitutionality of the Constitution(One Hundred and Third Amendment)Act,2019 that provides reservations in public educational institutions and government jobs for economically weaker sections are also languishing in the Supreme Court.
- Challenges to the electoral bond scheme: The Supreme Court has failed to accord proper hearing in the last four years to the constitutional challenge to the electoral bonds scheme.
Conclusion
Unless the Court strives in every possible way to assure that the Constitution, the law, applies fairly to all citizens, the Court cannot be said to have fulfilled its custodial responsibility”.
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MEETING LINK INSIDE, Register & Join Now ||What are the Top 10 Elimination Techniques Used by Toppers in UPSC Prelims to Solve Answers When They Are Unsure of the Right Option?|| Free Live Webinar by Two-Time Interview Qualified Civilsdaily Mentor Parth Verma Sir|| Limited Slots Available, Register Now
Civilsdaily Team is inviting you to a scheduled Zoom meeting.
Ask Me Anything || Elimination Techniques for CSE Prelims || Parth Verma, Core Faculty @Civilsdaily IAS*Date & Time:
Feb 1, 2022 @07:00 PM (Login begins @06:45 PM) India
Join Zoom Meeting: https://zoom.us/j/95617642619?pwd=RHdqVS9nTU9mQ0FURTV2RlZRT3VDdz09
Meeting ID: 956 1764 2619Passcode: 571230
Knowledge alone is not enough to clear UPSC Prelims. Elimination techniques alone are not enough to crack this exam. One needs both to clear UPSC Prelims from 2014 onwards. Since UPSC Prelims is the toughest exam out of Interview and Mains with over 9.5 lakh aspirants getting disqualified, it’s always better to think about increasing 20-30 marks with your existing knowledge using elimination techniques.
Why is that with the same syllabus, the same study materials and similar syllabus and similar study materials, most candidates score differently? For some, just a reading of the Spectrum book is enough to answer all the Modern History questions, but for others despite reading the same book this is what they face in exams —
If it’s about prelims exam performance, then aspirants fall into either of these four categories. Which category are you in currently?
1) Prelims score 0-40: They need to work on improving their knowledge first and then learn answering tricks
2) Prelims score 50-70: They have decent knowledge and decent answering tricks. But this is not enough to clear Prelims, they need to be an above average performer. Hence, they must focus on preparing for the topics they have scored less in their mock tests.
3) Prelims score 80-100: They have good knowledge but they need to develop answering tricks. They can do without learning elimination techniques as well, but if they wish to be on the same time learning elimination techniques will guarantee them success.
4) Prelims score 120+: They have excellent knowledge and know all the answering tricks.Free Open to All Webinar by Parth Sir on UPSC Prelims Answering Tricks and Elimination Techniques
UPSC 2020 AIR 30 Topper & Civilsdaily Student Divyanshu Chaudhary says how elimination techniques are useful for UPSC Prelims Knowledge of a topic precedes elimination techniques in Prelims exam. Without knowing much about a topic, if one uses elimination techniques, it will only backfire.
Clearing Prelims is all about Knowledge + Answering Tricks (Tikdams). And while you are studying hard to improve your knowledge, Parth sir will help you improve your answering techniques, for absolutely FREE!
The webinar will have live demonstration of few questions from Smash Prelims 2022 mock tests and how elimination technique can be used when one is not sure between two similar looking options. Let’s look at an example to understand how.
In the context of Colonial India, Shah Nawaz Khan, Prem Kumar Sehgal and Gurbaksh Singh Dhillion are remembered as
a) Leaders of Swadeshi and Boycott Movement
b) Members of the Interim Government in 1946
c) Members of the Drafting Committee in the Constituent Assembly
d) Officers of the Indian National ArmyIf you have come across the names while reading, using elimination techniques will help you recollect exactly what you had read.
Parth sir will explain how you can answer these questions with smart techniques, even if you DON’T know the answer but have read the topic before.
Key Takeaways of Free Live Webinar by Parth Sir
This is your opportunity to learn the tricks that can help you score 120+ in your Prelims. Join Parth sir for a free webinar and this is what you can learn:
1. 10 Different types of elimination/intelligent guess techniques for hard to verify facts through solving previous year UPSC questions.
2. How to master the Elimination techniques, used by toppers.
3. Ideal strategy for the Last 120 days for UPSC prelims 2022.
4. Which are the tricky topics in the syllabus where one can use elimination techniques? Like for example information technology is a perfect topic where tricky questions can come from.
6.Open Q&A session with Parth sir
Webinar Details
We are inviting all serious aspirants to grab this FREE opportunity to learn the tricks that toppers use to score higher than everyone else.
There are limited slots available so we request you to enroll now!
Date: 1st February, 2022
Time: 7:00 P.M.
About Parth Sir
Our Civilsdaily Mentor, Mr Parth has been mentoring students since 2017. He has an admirable experience of attending UPSC-CSE interview two times. Parth sir has always scored 400+ in all the 4 GS Mains Subjects. The secret of success according to him is consistency and time-management.
-
Free Live Webinar @ 7PM Today, Registrations Closing in 1 Hr||What are the Top 10 Elimination Techniques Used by Toppers in UPSC Prelims to Solve Answers When They Are Unsure of the Right Option?|| Free Live Webinar by Two-Time Interview Qualified Civilsdaily Mentor Parth Verma Sir|| Limited Slots Available, Register Now
Knowledge alone is not enough to clear UPSC Prelims. Elimination techniques alone are not enough to crack this exam. One needs both to clear UPSC Prelims from 2014 onwards. Since UPSC Prelims is the toughest exam out of Interview and Mains with over 9.5 lakh aspirants getting disqualified, it’s always better to think about increasing 20-30 marks with your existing knowledge using elimination techniques.
Why is that with the same syllabus, the same study materials and similar syllabus and similar study materials, most candidates score differently? For some, just a reading of the Spectrum book is enough to answer all the Modern History questions, but for others despite reading the same book this is what they face in exams —
If it’s about prelims exam performance, then aspirants fall into either of these four categories. Which category are you in currently?
1) Prelims score 0-40: They need to work on improving their knowledge first and then learn answering tricks
2) Prelims score 50-70: They have decent knowledge and decent answering tricks. But this is not enough to clear Prelims, they need to be an above average performer. Hence, they must focus on preparing for the topics they have scored less in their mock tests.
3) Prelims score 80-100: They have good knowledge but they need to develop answering tricks. They can do without learning elimination techniques as well, but if they wish to be on the same time learning elimination techniques will guarantee them success.
4) Prelims score 120+: They have excellent knowledge and know all the answering tricks.Free Open to All Webinar by Parth Sir on UPSC Prelims Answering Tricks and Elimination Techniques
UPSC 2020 AIR 30 Topper & Civilsdaily Student Divyanshu Chaudhary says how elimination techniques are useful for UPSC Prelims Knowledge of a topic precedes elimination techniques in Prelims exam. Without knowing much about a topic, if one uses elimination techniques, it will only backfire.
Clearing Prelims is all about Knowledge + Answering Tricks (Tikdams). And while you are studying hard to improve your knowledge, Parth sir will help you improve your answering techniques, for absolutely FREE!
The webinar will have live demonstration of few questions from Smash Prelims 2022 mock tests and how elimination technique can be used when one is not sure between two similar looking options. Let’s look at an example to understand how.
In the context of Colonial India, Shah Nawaz Khan, Prem Kumar Sehgal and Gurbaksh Singh Dhillion are remembered as
a) Leaders of Swadeshi and Boycott Movement
b) Members of the Interim Government in 1946
c) Members of the Drafting Committee in the Constituent Assembly
d) Officers of the Indian National ArmyIf you have come across the names while reading, using elimination techniques will help you recollect exactly what you had read.
Parth sir will explain how you can answer these questions with smart techniques, even if you DON’T know the answer but have read the topic before.
Key Takeaways of Free Live Webinar by Parth Sir
This is your opportunity to learn the tricks that can help you score 120+ in your Prelims. Join Parth sir for a free webinar and this is what you can learn:
1. 10 Different types of elimination/intelligent guess techniques for hard to verify facts through solving previous year UPSC questions.
2. How to master the Elimination techniques, used by toppers.
3. Ideal strategy for the Last 120 days for UPSC prelims 2022.
4. Which are the tricky topics in the syllabus where one can use elimination techniques? Like for example information technology is a perfect topic where tricky questions can come from.
6.Open Q&A session with Parth sir
Webinar Details
We are inviting all serious aspirants to grab this FREE opportunity to learn the tricks that toppers use to score higher than everyone else.
There are limited slots available so we request you to enroll now!
Date: 1st February, 2022
Time: 7:00 P.M.
About Parth Sir
Our Civilsdaily Mentor, Mr Parth has been mentoring students since 2017. He has an admirable experience of attending UPSC-CSE interview two times. Parth sir has always scored 400+ in all the 4 GS Mains Subjects. The secret of success according to him is consistency and time-management.
-
Free Live Webinar @ 7PM Today, Registrations Closing in 3 Hrs||What are the Top 10 Elimination Techniques Used by Toppers in UPSC Prelims to Solve Answers When They Are Unsure of the Right Option?|| Free Live Webinar by Two-Time Interview Qualified Civilsdaily Mentor Parth Verma Sir|| Limited Slots Available, Register Now Copy
Knowledge alone is not enough to clear UPSC Prelims. Elimination techniques alone are not enough to crack this exam. One needs both to clear UPSC Prelims from 2014 onwards. Since UPSC Prelims is the toughest exam out of Interview and Mains with over 9.5 lakh aspirants getting disqualified, it’s always better to think about increasing 20-30 marks with your existing knowledge using elimination techniques.
Why is that with the same syllabus, the same study materials and similar syllabus and similar study materials, most candidates score differently? For some, just a reading of the Spectrum book is enough to answer all the Modern History questions, but for others despite reading the same book this is what they face in exams —
If it’s about prelims exam performance, then aspirants fall into either of these four categories. Which category are you in currently?
1) Prelims score 0-40: They need to work on improving their knowledge first and then learn answering tricks
2) Prelims score 50-70: They have decent knowledge and decent answering tricks. But this is not enough to clear Prelims, they need to be an above average performer. Hence, they must focus on preparing for the topics they have scored less in their mock tests.
3) Prelims score 80-100: They have good knowledge but they need to develop answering tricks. They can do without learning elimination techniques as well, but if they wish to be on the same time learning elimination techniques will guarantee them success.
4) Prelims score 120+: They have excellent knowledge and know all the answering tricks.Free Open to All Webinar by Parth Sir on UPSC Prelims Answering Tricks and Elimination Techniques
UPSC 2020 AIR 30 Topper & Civilsdaily Student Divyanshu Chaudhary says how elimination techniques are useful for UPSC Prelims Knowledge of a topic precedes elimination techniques in Prelims exam. Without knowing much about a topic, if one uses elimination techniques, it will only backfire.
Clearing Prelims is all about Knowledge + Answering Tricks (Tikdams). And while you are studying hard to improve your knowledge, Parth sir will help you improve your answering techniques, for absolutely FREE!
The webinar will have live demonstration of few questions from Smash Prelims 2022 mock tests and how elimination technique can be used when one is not sure between two similar looking options. Let’s look at an example to understand how.
In the context of Colonial India, Shah Nawaz Khan, Prem Kumar Sehgal and Gurbaksh Singh Dhillion are remembered as
a) Leaders of Swadeshi and Boycott Movement
b) Members of the Interim Government in 1946
c) Members of the Drafting Committee in the Constituent Assembly
d) Officers of the Indian National ArmyIf you have come across the names while reading, using elimination techniques will help you recollect exactly what you had read.
Parth sir will explain how you can answer these questions with smart techniques, even if you DON’T know the answer but have read the topic before.
Key Takeaways of Free Live Webinar by Parth Sir
This is your opportunity to learn the tricks that can help you score 120+ in your Prelims. Join Parth sir for a free webinar and this is what you can learn:
1. 10 Different types of elimination/intelligent guess techniques for hard to verify facts through solving previous year UPSC questions.
2. How to master the Elimination techniques, used by toppers.
3. Ideal strategy for the Last 120 days for UPSC prelims 2022.
4. Which are the tricky topics in the syllabus where one can use elimination techniques? Like for example information technology is a perfect topic where tricky questions can come from.
6.Open Q&A session with Parth sir
Webinar Details
We are inviting all serious aspirants to grab this FREE opportunity to learn the tricks that toppers use to score higher than everyone else.
There are limited slots available so we request you to enroll now!
Date: 1st February, 2022
Time: 7:00 P.M.
About Parth Sir
Our Civilsdaily Mentor, Mr Parth has been mentoring students since 2017. He has an admirable experience of attending UPSC-CSE interview two times. Parth sir has always scored 400+ in all the 4 GS Mains Subjects. The secret of success according to him is consistency and time-management.
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Batch -II OF SMASH PRELIMS 2022 FROM February 15||Qualify UPSC-CSE Prelims 2022 with Santosh Sir who scored 145+ in Prelims 6 Times ||1-1 Mentorship Driven Program,Over 100 Prelims tests, Weekly Value Added Notes, 1.5 years of Current affairs coverage through Live Classes & Strategy Calls|| Classes + FLT & Subject-Wise Test Series TIMETABLE with SAMPLES INSIDE
Smash Prelims Program is back after a thumping success in Prelims 2021. Out of 25 students Santosh sir has mentored, 15 have cleared prelims this time. Our students were kind enough to take time out of their hectic Mains preparation and let us know how Santosh sir’s mentorship benefitted them in the exams. We wish them all the very best for the upcoming Mains exam from 7th January onwards!
Why Your Focus for Next 5 Months Must be About Scoring Above Cut-Off Marks in UPSC-CSE Prelims? Isn’t the last 1 Month Enough for This?
Every year, the competition for UPSC-CSE is increasing while vacancies are decreasing drastically. This year there are only 712 vacancies as against 2019 which had 927 vacancies. However, atleast 10 lakh students will attempt the prelims exam. This is why right now, it’s important to start having an Olympic Athlete mindset. You need to daily focus on scoring above the cut-off marks in your test series.
Civilsdaily Student and 2019 UPSC-CSE AIR 8 Topper Abhishek Saraf had practiced nearly 6000+ MCQs under us to clear prelims!
What makes prelims tough? It’s because the paper is unpredictable. If this year, science questions are a breeze then the next year you will have to answer advanced concept-based questions. Unlike Mains, Prelims has negative markings.
Toppers like Pranav Vijayvergiya (AIR 65) and Swati Sharma (AIR 17) have found Prelims to be tougher than Mains. In fact, Pranav failed to clear Prelims thrice. But, in his fourth attempt he took Civilsdaily mentorship and cleared Prelims, Mains and Interview in one shot!
Are you feeling low that you are unable to get the required cut-off marks in your test series. Worry not, for about 65% of the UPSC toppers have said that they scored below cut-off marks till December. But by June, they were able to boost their marks to get through the prelims hurdle. It’s time to be like them now.
One has to be good at elimination methods to choose the right option amongst two similar ones. Our Smash Prelims Program started as a pilot project last year with an aim to introduce step-wise improvement in our chosen 25 aspirants. Over a period of 2 months, Santhosh sir inculcated confidence in aspirants who were either newbies or gave too many attempts. This year, we achieved a remarkable 60% success ratio. Next year, we have set our eyes on 100%. Yes, we are ambitious and aspirational just like any other UPSC aspirant.
Why is Mentorship Required for UPSC-CSE Prelims in Every Step – From Test Series, to Study Materials, Classes to Doubt Resolution?
If you are appearing for UPSC-CSE 2022 exams, you might have completed your entire prelims and mains syllabus right now. So what are your main priorities right now? To succeed in UPSC-CSE Prelims 2022, you have to check all these boxes in terms of preparation—
You need clear strategy for next 150 days.
You need to revise effectively to remember whole syllabus at the eve of exam.
You need to practice lots of tests to score accurately, to understand elimination techniques and reduce exam anxiety.
You need to revise current affair of 1.5 years that you have been studying daily.
You need a mentor to fill the critical gaps that have been ignoring till now as you had no one to address them for you.
Santhosh Sir’s Weekly Zoom Session Do you want to have a mentor who conducts and evaluates medium to advanced test series regularly? A mentor explains to you the different kinds of elimination techniques after you have taken a test series. Before attending a test do you want the mentor to discuss with you the study materials required for the test and provide the right notes with integrated current affairs? While studying a subject, you might have umpteen number of questions. Having someone who responds quickly and explains the topics in simple terms saves your time. And, after a test do you want an experienced mentor to discuss the right answers and motivate you? Do you want the mentor to provide you classes on static+dynamic prelims topics? If yes, then this is the right program for you! The registrations are open for all UPSC 2022 aspirants
Self Preparation with Mentorship: What do Civilsdaily Students think of Santosh Sir’s Mentorship for UPSC-CSE Prelims?
Santhosh Sir, Core Civilsdaily Mentor. He has attended Interview Thrice & Cleared Prelims 6/6 times with above 145 marks. We asked Santosh sir’s students about their opinion on mentorship — if it was something that saved their time or wasted their time in studies and this is what they had to say:
Kamini: “If I can say in one word, then Santosh sir’s mentorship is unique. Before I joined his program, I used to score 90 marks in Full Length Test Series. Santhosh sir had done in depth analysis of my test papers and suggested ways to reduce the negatives. Right now I am able to score 100+ in advanced test series of not only Civilsdaily but other institutes. He is always available to clear my doubts and solve my issues on call or phone. No issue is too big enough for Santosh sir. He has always told me after you finish a test series, read the same topics again and take another test series the same day to see if your marks improve. From Santosh sir’s polity and economic survey notes, we got questions in 2021 Prelims. I always feel its better to do self studies with mentorship than join coaching institutes and get spoon fed with information.”
Sweetie Raj: “I am a banking professional, living with a joint family. Attending coaching classes is out of question because I won’t have time to read the books myself. Santosh sir helps me self-study by providing me mentorship daily. I study daily from 9PM to 3AM. Santosh sir has been available for 1 hour strategy calls even during this time. No other teacher would have wanted me to succeed as much as he wants me to. I can understand concepts by myself and don’t need help in that. I want someone who pushes me to complete the target modules, checks if I did my mains answer writing for the day and analyses the previous year question papers with me. Because of Santosh sir, I understood that its just not enough reading one book but at the same time I dont have to waste time reading many books. He tells me the topic-wise sources to refer. Also he has designed a study plan for me that I can follow every week. Once, I told Santhosh sir I was missing test series discussion classes as it was conducted at 7PM. Immediately, he provided me recorded videos and kept the session at 8.30PM.”
Specific Features of Smash Prelims 2022 by Santosh Sir
Sincere aspirants who are scoring in the range of 80-90 marks must not attend last minute crash courses right now. They should instead focus on self revision, test series practice and guided mentorship to qualify for UPSC Prelims 2022. Here are the features of Prelims Focused Program by Civilsdaily —
Pillar-1
PRELIMS TESTS:
40 Full Length Tests(12 Basic + 6 Advanced + 10 CA tests + 8 Full tests + 4 CSAT).
In addition to this, in the month of January, we will have 60 sectional tests for practice. This will have 50 questions each. Hence, totally 100 Test Papers (40 FLTs + 60 Sectional Test Papers)
CHECK OUT THE TEST SERIES PROGRAM ON FEBRUARY 15TH & REGISTER ASAP.
Pillar-2
VALUE ADDITIONS NOTES AND CLASSES BY VETERAN CIVILSDAILY MENTORS like SUDHANSHU SIR, SAJAL SIR & SUKANYA MA’AM
- Polity: Sudhanshu sir will conduct two sessions covering all the Polity Fundamentals, a session analyzing past year papers, another session on important current affairs related to polity this year and will discuss your test solutions.
- History: Santosh Gupta sir will conduct a session on Sectoral Developments in Modern History, a session analyzing past year papers, and test discussion.
- Economy: Sajal sir will conduct sessions on economic survey, trend analysis, discussion of most important economic current affairs, past year paper analysis, and economy final test discussion.
- Geography: Santosh sir will conduct sessions on the most difficult aspects like Geography Mapping, Economic Geography, and Indian Agriculture.
- Environment: Sukanya Ma’am will cover sessions on Environment innovatively. Key concepts like vegetation and biome, Indian wildlife, conventions and protocols, national parks and sanctuaries, agriculture and sustainable development, and environment current affairs will be covered.
- Science & Technology: This year’s prelims paper questioned on the basic concepts of science. Keeping this in mind, Santosh Gupta sir will conduct 2 sessions on One basic concept and current affairs of science and technology.
Other Value Additions
1. Smash Prelims-2022 Content: 2 years of Current Affairs notes + Videos
2. Civilsdaily Current Affairs Magazines for 1 year
3. Civilsdaily compilations of Yojna, Kurukshetra, PRS and RS TV.
4. Civilsdaily Budget And Economic Survey Summary.
5. Handouts on key subject-wise static topics to remember the terms and definitions for Prelims 2022.
Pillar-3
Santosh Gupta sir’s mentorship program
1. Introductory mentor call to every aspirant immediately upon commencement of program.
2. Weekly zoom strategy session by Santosh sir for doubt clearance and continuous improvement.
3. 1-1 mentor calls after 3-4 tests by mentor. After every test series, zoom sessions will be conducted by Birendra sir with all members of the batch for test discussion.
4. Support from mentors on the Habitat Group.
5. Frequent sessions with toppers for support and guidance. will have these special features for aspirants.
6. Mentor will guide on the FCE Approach i.e the Factual and Conceptual Methods of Elimination.
7. Mentor call as per request and mandatory check up call by mentor once a month.
Samples From Smash Prelims Program 2021
Sample 1-on-1 Mentorship for Smash Prelims
Sample 1-on-1 Test Discussion on Google Meet
Sample Environment & Biodiversity Test Series
Sample classes on CSAT & Topic Wise Analysis
Sample Notes & Handout Material
Toppers’ Speak: How Civilsdaily Mentorship Helped Me Clear UPSC?
About Santosh Gupta Sir
Santosh sir has scored above 140 twice in UPSC prelims and 120 plus in all 6 attempts. He has written all 6 mains and has appeared for Interviews 3 times. He has qualified UPSC EPFO and BPSC 56-59th also. As the Prelims coordinator at Civilsdaily, he has helped 15 out of 25 students clear the prelims examination this year.
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What is UNCITRAL Model for Cross-Border Insolvency?
The Economic Survey 2021-22 has called for a standardized framework for cross-border insolvency as the Insolvency and Bankruptcy Code (IBC) at present does not have an instrument to restructure firms involving cross-border jurisdictions.
What is the Insolvency and Bankruptcy Code (IBC)?
- The IBC, 2016 is the bankruptcy law of India that seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
- It is a one-stop solution for resolving insolvencies which previously was a long process that did not offer an economically viable arrangement.
- The code aims to protect the interests of small investors and make the process of doing business less cumbersome.
Cross-border insolvency proceedings
- Cross-border insolvency proceedings are relevant for the resolution of distressed companies with assets and liabilities across multiple jurisdictions.
- A framework for cross border insolvency proceedings allows for:
- Location of such a company’s foreign assets
- Identification of creditors and their claims
- Establishing payment towards claims and
- Process for coordination between courts in different countries
Current status of foreign stakeholders and courts in other jurisdictions under IBC
- Foreign creditors can make claims against a domestic company.
- However, the IBC currently does not allow for automatic recognition of any insolvency proceedings in other countries.
- Current provisions do not allow Indian courts to address the issue of foreign assets of a company being subjected to parallel insolvency proceedings in other jurisdictions.
What is the UNCITRAL Model?
- The UNCITRAL model is the most widely accepted legal framework to deal with cross-border insolvency issues.
- It has been adopted by 49 countries, including the UK, the US, South Africa, South Korea, and Singapore.
- It is designed to assist States in reforming and modernizing their laws on the arbitral procedure so as to take into account the particular features and needs of international commercial arbitration.
Key provisions
This law works on four main principles: access, recognition, cooperation and coordination:
- Direct access to foreign insolvency professionals and foreign creditors to participate in or commence domestic insolvency proceedings against a defaulting debtor.
- Recognition of foreign proceedings & provision of remedies.
- Cooperation between domestic and foreign courts & domestic and foreign insolvency practitioners.
- Coordination between two or more concurrent insolvency proceedings in different countries: The main proceeding is determined by the concept of Centre of Main Interest (COMI).
Implications for India
- The framework for cross-border insolvency adopted in India may like in the case of some other countries require reciprocity from any country which seeks to have its insolvency proceedings recognised by Indian courts.
- This would allow Indian proceedings for foreign corporate debtors to be recognised in foreign jurisdictions.
How is IBC different from the model law?
- Many countries that adopt the UNCITRAL model law do make certain changes to suit their domestic requirements.
- The Indian cross-border insolvency framework excludes financial service providers from being subjected to cross-border insolvency proceedings.
- This is because many countries exempt businesses providing critical financial services, such as banks and insurance companies, from the provisions of cross-border insolvency frameworks.
Back2Basics: UNCITRAL
- It is an affiliate organization to the UN made up of business and legal professionals.
- This group develops model standards and procedures for dealing with issues affecting international business.
- Perhaps most notably, UNCITRAL promulgated the Convention on International Sale of Goods (CISG).
- The CISG is a model law commonly used as the governing provisions in contracts between parties from different nations.
UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)
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What is Design Linked Incentive (DLI) Scheme?
India has invited applications from 100 domestic companies, startups, and small and medium enterprises to become a part of the design-linked incentive (DLI) scheme.
What is the DLI scheme?
- Aims to provide financial and infrastructural support to companies setting up fabs or semiconductor making plants in India.
- It aims to attract existing and global players as it will support their expenditures related to design software, IP rights, development, testing, and deployment.
- Centre for Development of Advanced Computing (CDAC), a scientific society operating under MeitY, will serve as the nodal agency for the implementation of the DLI scheme.
Components of the scheme
It has three components which are
- Chip Design infrastructure support: C-DAC will set up the India Chip Centre to host the state-of-the-art design infrastructure (viz. EDA Tools, IP Cores, and support for MPW (Multi Project Wafer fabrication) & post-silicon validation) and facilitate its access to supported companies.
- Product Design Linked Incentive: Reimbursement of up to 50% of the eligible expenditure subject to a ceiling of Rs. 15 Crore per application will be provided as financial support to the approved applicants who are engaged in semiconductor design.
- Deployment Linked Incentive: An incentive of 6% to 4% of net sales turnover over 5 years subject to a ceiling of Rs. 30 Crore per application will be provided to approved applicants whose semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design are deployed in electronic products.
Why need such a scheme?
Ans. Growing semiconductor demand in India
- The semiconductor industry is growing fast and can reach $1 trillion dollars in this decade. India can grow fast and reach $64 billion by 2026 from $27 billion today.
- Mobiles, wearables, IT, and industrial components are the leading segments in the Indian semiconductor industry contributing around 80% of the revenues in 2021.
- The mobile and wearables segment is valued at $13.8 billion and is expected to reach $31.5 billion in 2026.
A boost to semiconductor manufacturing
- The sudden surge in demand for chips and semiconductor components has underpinned the need to establish a robust semiconductor ecosystem in India.
- Several sectors, including auto, telecom, and medical technology suffered due to the unexpected surge leading to the scarcity of chips manufactured by only a few countries.
- The inception of new companies will help in meeting the demand and supply and encourage innovation in India.
What are other countries doing to be dominant in the race of chip-making?
- Currently, semiconductor manufacturing is dominated by companies in the U.S., Japan, South Korea, Taiwan, Israel, and the Netherlands.
- They are also making efforts in solving the chip shortage problem.
- The US wants to bring manufacturing back to America and reduce the country’s reliance on a small number of chipmakers based largely in Taiwan and South Korea.
- These chipmakers produce up to 70% of the world’s semiconductors.
Challenges in India
- No incubation: In India, more than 90% of global companies already have their R&D and design centers for semiconductors but never established their fabrication units.
- Strategic sector: Although India has semiconductor fabs in Mohali and Bangalore, they are purely strategic for defense and space applications only
- Capital requirement: Setting up fabs is capital intensive and needs investment in the range of $5 billion to $10 billion.
- Lack of supportive policies: Lack of investments and supportive government policies are some of the challenges to setting up fabs in India.
- Geopolitical limitations: A combination of capital and the geopolitical situation comes into play to build new fabs.
Way forward
- Further incentivization: Schemes like the DLI are crucial to avoid high dependencies on a few countries or companies.
- Raw material supply: Several gases and minerals which are a part of the global semiconductor supply chain are produced in India.
- Large talent pool: Availability of highly-skilled engineers for semiconductor manufacturing.
Conclusion
- The 21st century will be an era of Digital revolution signifying an increased use of mobile phones and computer devices. This enhanced usage can be met only with a robust availability of semiconductor chips that sustains their functioning. Therefore India needs to focus on the indigenous development of semiconductors in order to realize its digital potential and emerge as a strong power in the present era.
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