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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Enables confiscation of assets and properties of economic offenders who flee India to avoid criminal prosecution. Applies to offences involving amounts of Rs 100 crore or more.
Key Facts
TypeLegislation
SourceHistorical Record
PublishedThursday, 2 August 2018
Affected Population1.4 billion citizens, 63 million MSMEs
Enables confiscation of assets and properties of economic offenders who flee India to avoid criminal prosecution. Applies to offences involving amounts of Rs 100 crore or more.
The recent proceedings involving Sanjay Bhandari before the Delhi High Court have brought renewed attention to a constitutional question: can a person who deliberately avoids the jurisdiction of Indian courts continue to invoke the protection of those very courts?The issue assumes particular significance in the context of Section 14 of the Fugitive Economic Offenders (FEO) Act, 2018, which empowers courts and tribunals to disentitle a declared fugitive economic offender from pursuing or defendin
What key economic indicators have been revised? Why was an overhaul of the databases necessary? What changes were made to the national accounts and GDP estimates? How has the measurement of industrial output been improved? What changes have been made to India’s inflation indicators?