ECONOMICAL STUDY OF LEGAL PROVISIONS DURING THE PERIOD OF COVID-19

Abstract

The liabilities and their enforcement, which are carried out by the law institutions in the country, India, in a particular system as compared to the other systems, which would cost fewer resources, latter is said to be more efficient in terms of the economic aspects. The key issue here is to achieve the objective of curbing the breach of laws by way of prevention. The objective achieved by minimal resources calls for an economically better position for the society in terms of the amounts that we pay to run the Nation, which are eventually used by the lawmakers to enact those laws that apply to the society and help in the prevention of crimes or in the other way, enforcement of such laws decreases the percentage of  commission of crimes eventually boosting the economy on the whole at the macro level, which will help outreach to every citizen of the country in respect of the economic aspects, for example, the purchasing power, tax rates, GDP, share prices etc. Efficiency in terms of the economic aspects is a major concern that is to be maintained for the society as far as the criminal acts are concerned. The liabilities that are given in terms of the breach of laws or violation of the same, could be either of civil or criminal nature. The balance in the economy can be achieved by curbing the crimes and after all, prevention is better than cure. Justification of the losses is more difficult, but preventing the crimes is an effective and easier remedy. Similarly, the Government needed to take urgent action to ensure the protection of the Nation's BPL population and most vulnerable people in the context of COVID-19 confinement, the steps taken were not sufficient.