Dodd-Frank Act

The financial crisis of 2007–10 led to calls for changes in the regulatory system. In June 2009, a proposal for a ‘sweeping overhaul of the financial regulatory system’ was introduced in the US that culminated in a legislation called The Wall Street Reform and Consumer Protection Act (also called the Dodd-Frank Act) in July 2010. […]


Doctrine of Eclipse

The doctrine of eclipse provides for the validation of the void laws. This doctrine is based upon the premise that a law which violates the fundamental rights is not null or void ab initio but becomes enforceable i.e. remains in moribund condition. The law is not dead but is overshadowed by the fundamental rights. If […]

Doctrine of severability

Article 13 of the constitution says that a law is void if it is inconsistent with the Fundamental Rights. A void statute is devoid of any legal force and courts take no notice of such a statute. The same article makes clear that in future, the State shall not make any law which takes away […]

Direct and Indirect Farm Credit

Difference between direct and indirect farm credit · Any loan to agriculture and allied sector is called farm credit. When the borrower is directly responsible for its repayment to the lending agency, it is direct farm credit. It includes short, medium and long term loans given for agriculture and allied activities (dairy, fishery, piggery, poultry, […]

Drug Resistant TB

Drug Resistant TB can be MDR or XDR or TDR. TB which is resistant at least to isoniazid and rifampicin the two most powerful first-line anti-TB drugs is called the Multi-drug-resistant tuberculosis (MDR-TB). It develops because the when the course of antibiotics is interrupted and the levels of drug in the body are insufficient to […]