The judgement has implied that apex court cannot but

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The judgement has implied that Apex Court cannot but uphold the right of individuals and groups to profess, practise and propagate everything that forms an essential part of their religious scripture, subject to the provisions of Article 25(1). In a way it gave greater importance to public welfare than personal or religious laws.
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5 | Page 9004418746 [email protected] This judgment will also encourage legally and theologically informed Muslim intellectuals to establish mediation centres across India under the Alternative Dispute Resolution (ADR) mechanism to help Muslim couples amicably resolve their marital disputes. Hence, bringing them under the ambit of the uniform law rather than sharia. Therefore the judgement may be considered a step forward But, the minorities have to convince that this is not a move to encroach upon their rights to practice religion. ECONOMY 4. Discuss the short and medium run economic impacts of Demonetisation? Benefits Digitalisation- Digital transactions were given a push right after demonitiosation Tax on Black money- those with black money faced these choices. They could: declare their unaccounted wealth and pay taxes at a penalty rate; continue to hide it, not converting their old notes and thereby suffering a tax rate of 100 percent; or launder their black money, paying a cost for converting the money into white. So large sums of money was brought under taxable income. Effect on corruption Disadvantages Impact on cash/money- Sudden shortage of currency was felt Aggregate decrease in demand due to decrease in liquidity. Aggregate decrease in supply because of lack of cash to buy raw materials An uncertainty shock because economic agents face imponderables related to the impact and duration of the liquidity shock as well as further policy responses. Impact on GDP which has constantly been decreasing since demonitisation. 5. Discuss the vast econonmic contributions of natural resources. Natural resources are a critical yet often ignored part of our country’s national infrastructure. Boasting 11% of the world’s floral and faunal species, India is one of the 17 most ecologically diverse countries. Indian biomes directly contribute billions of dollars to the Indian economy, annually. The financial value of India’s forests, for example, which encompass economic services such as timber and fuel wood, and ecological services such as carbon sequestration, is estimated to be $1.7 trillion. The Natural resources also boost tourism sector Mining and agriculture are strictly dependent on country’s natural resource wealth If valued properly, natural capital has the potential to optimise resources and thus maximise the net benefits of economic growth and development.
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