India is seeking to amend the Disabilities Act to improve ease of doing business in the the country.&nbsp;The law, passed as “Rights of Persons with Disabilities Act” in December 2016 and gave pilot rights to the disabled across the country.

Under Section 92 of this act, any person who “intentionally insults or intimidates with intent to humiliate a person with disability in any place within public view” may be “punishable with imprisonment for a term which shall not be less than six months but which may extend to five years and with fine”.

Also read:&nbsp;<a href="/world/apple-proposes-new-emojis-to-represent-people-with-disabilities-126312" hreflang="en">Apple proposes new emojis to represent people with disabilities</a>

In June 2020, the Ministry of Social Justice and Empowerment reached out to over seven NGOs with a letter titled “Decriminalisation of Minor Offences For Improving Business Sentiment And Unclogging Court Processes – Amendment in RPwD Act, 2016”. A while later, the letter appeared on the Ministry’s website, with a cap of 10 days to receive feedback.

According to the letter, the government intends to do away with the criminalisation of “minor offences”.&nbsp; The letter said, “decriminalisation of minor offences is one of the thrust areas of the government. The risk of imprisonment for actions or omissions that aren’t necessarily fraudulent or the outcome of malafide intent is a big hurdle in attracting investments. The ensuing uncertainty in legal processes and the time taken for resolution in the courts hurts ease of doing business. Criminal penalties including imprisonment for minor offences act as deterrents, and this is perceived as one of the major reasons impacting business sentiment and hindering investments both from domestic and foreign investors.”

Also read:&nbsp;<a href="/south-asia/india-lok-sabha-passes-rights-of-persons-with-disabilities-bill-10233" hreflang="en">India: Lok Sabha passes Rights of Persons with Disabilities Bill</a>

In essence, the government wants to make amendments solely taking into account the ease of doing business, and to invite foreign investment, amid the Make In India and Go Local trends that have picked up steam after the Indo-China brawl at the border.

The proposed Section 95A of the Act would effectively allow Chief or State Commissioners to withdraw cases after the approval of the defender, or the aggrieved.

The move has drawn ire from disability activist groups, 125 of whom have written to the Ministry expressing disapproval.

India is seeking to amend the Disabilities Act to improve ease of doing business in the the country. The law, passed as “Rights of Persons with Disabilities Act” in December 2016 and gave pilot rights to the disabled across the country.

India is seeking to amend the Disabilities Act to improve ease of doing business in the the country. The law, passed as “Rights of Persons with Disabilities Act” in December 2016 and gave pilot rights to the disabled across the country. Under Section 92 of this act, any person who “intentionally insults or intimidates with intent to humiliate a person with disability in any place within public view” may be “punishable with imprisonment for a term which shall not be less than six months but which may extend to five years and with fine”. Also read: Apple proposes new emojis to represent people with disabilities In June 2020, the Ministry of Social Justice and Empowerment reached out to over seven NGOs with a letter titled “Decriminalisation of Minor Offences For Improving Business Sentiment And Unclogging Court Processes – Amendment in RPwD Act, 2016”. A while later, the letter appeared on the Ministry’s website, with a cap of 10 days to receive feedback. According to the letter, the government intends to do away with the criminalisation of “minor offences”. The letter said, “decriminalisation of minor offences is one of the thrust areas of the government. The risk of imprisonment for actions or omissions that aren’t necessarily fraudulent or the outcome of malafide intent is a big hurdle in attracting investments. The ensuing uncertainty in legal processes and the time taken for resolution in the courts hurts ease of doing business. Criminal penalties including imprisonment for minor offences act as deterrents, and this is perceived as one of the major reasons impacting business sentiment and hindering investments both from domestic and foreign investors.” Also read: India: Lok Sabha passes Rights of Persons with Disabilities Bill In essence, the government wants to make amendments solely taking into account the ease of doing business, and to invite foreign investment, amid the Make In India and Go Local trends that have picked up steam after the Indo-China brawl at the border. The proposed Section 95A of the Act would effectively allow Chief or State Commissioners to withdraw cases after the approval of the defender, or the aggrieved. The move has drawn ire from disability activist groups, 125 of whom have written to the Ministry expressing disapproval.

Indian government to amend Disabilities Act citing hindrance in ease of doing business

A 7 per cent jump in shares, a $30 billion surge in market value, over 2,738 shipments in march, factories back in action and a possible contract-extension for its racing star Sebastian Vettel. Ferrari is speeding off the coronavirus speed-breaker. This Italian luxury car manufacturer is gaining mileage during this pandemic.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/covid-19-effect-us-trade-deficit-widens-to-444-billion-uk-car-sales-crashes-to-1946-level-296830" hreflang="en">COVID-19 effect: US trade deficit widens to $44.4 billion; UK car sales crashes to 1946 level</a>

On Monday, the company restarted its factories in Maranello and modena. Several other manufacturing units are expected to resume production. This re-opening is being called the 'back on track' operation because the company's profits are back on track.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/global-markets-stocks-fall-as-us-china-tensions-threaten-rebound-296550" hreflang="en">Global Markets: Stocks fall as US-China tensions threaten rebound</a>

Ferrari has recorded strong first-quarter earnings. So strong, that it is now worth more than General Motors and Ford. General Motors' market cap fell to 29.3 billion dollars on Monday. Ford fell even lower to 19.2 billion dollars.

Ferrari beats them both, its market capitalization hit 30.1 billion dollars in early trading on the same day.

What makes this feat even more special for Ferrari, is the stark contrast in yearly manufacturing. Ferrari makes only 10,000 cars a year. General Motors produces about 7.7 million vehicles. 
&nbsp; 
What does this mean? 
That Ferrari earns as much profit selling 1 car as ford does selling 908. There's data to back this.

According to a report by the Fiat group, Ferrari earned a handsome profit of $94,000 for every car it sold in 2019.

While another rival, Japanese carmaker Nissan had to sell 926 cars to match this profit margin.

But despite these profits in the sale. The company has lowered its net revenue estimates to $3.9 from 4.5 billion for this year because its racing business is not yet back on track.

Ferrari expects its revenue from Formula One to be sharply lower than in 2019 because races cannot be run without spectators.

The turnover from brand projects too has reduced. Ferrari may have been slowed by the pandemic in one sector.

A 7 per cent jump in shares, a $30 billion surge in market value, over 2,738 shipments in march, factories back in action and a possible contract-extension for its racing star Sebastian Vettel.

A 7 per cent jump in shares, a $30 billion surge in market value, over 2,738 shipments in march, factories back in action and a possible contract-extension for its racing star Sebastian Vettel. Ferrari is speeding off the coronavirus speed-breaker. This Italian luxury car manufacturer is gaining mileage during this pandemic. Also read: COVID-19 effect: US trade deficit widens to $44.4 billion; UK car sales crashes to 1946 level On Monday, the company restarted its factories in Maranello and modena. Several other manufacturing units are expected to resume production. This re-opening is being called the 'back on track' operation because the company's profits are back on track. Also read: Global Markets: Stocks fall as US-China tensions threaten rebound Ferrari has recorded strong first-quarter earnings. So strong, that it is now worth more than General Motors and Ford. General Motors' market cap fell to 29.3 billion dollars on Monday. Ford fell even lower to 19.2 billion dollars. Ferrari beats them both, its market capitalization hit 30.1 billion dollars in early trading on the same day. What makes this feat even more special for Ferrari, is the stark contrast in yearly manufacturing. Ferrari makes only 10,000 cars a year. General Motors produces about 7.7 million vehicles. What does this mean? That Ferrari earns as much profit selling 1 car as ford does selling 908. There's data to back this. According to a report by the Fiat group, Ferrari earned a handsome profit of $94,000 for every car it sold in 2019. While another rival, Japanese carmaker Nissan had to sell 926 cars to match this profit margin. But despite these profits in the sale. The company has lowered its net revenue estimates to $3.9 from 4.5 billion for this year because its racing business is not yet back on track. Ferrari expects its revenue from Formula One to be sharply lower than in 2019 because races cannot be run without spectators. The turnover from brand projects too has reduced. Ferrari may have been slowed by the pandemic in one sector.

Amid COVID-19, Ferrari overtakes Ford, General Motors after $30 billion surge in market value

How India jumped to 77th rank in ease of doing business from 100th in last 12 months

<a href="http://www.wionews.com/business-economy/india-jumps-23-positions-to-rank-77-in-world-banks-ease-of-doing-business-ranking-174700">India jumps 23 positions to rank 77 in World Bank's 'ease of doing business' ranking</a>

India on Wednesday ranked at 77th position in the World Bank's 'Ease of doing business' index. India has recorded a jump of 23 positions against its rank of 100 in 2017.&nbsp;

<a href="http://www.wionews.com/india-news/china-alerts-india-on-flood-like-situation-in-brahmaputra-river-in-arunachal-174661">China alerts India on </a><a href="http://www.wionews.com/india-news/china-alerts-india-on-flood-like-situation-in-brahmaputra-river-in-arunachal-174661">flood-like</a><a href="http://www.wionews.com/india-news/china-alerts-india-on-flood-like-situation-in-brahmaputra-river-in-arunachal-174661"> situation in Brahmaputra river in Arunachal</a>

For the second time in a fortnight, China has alerted India of a possible flood-like situation in the Brahmaputra river in Arunachal Pradesh after a landslide blocked water upstream in Tibet, a senior Water Resources Ministry official said on Wednesday.

<a href="http://www.wionews.com/world/indonesian-search-team-may-have-found-lion-airs-fuselage-174650">Indonesian search team may have found Lion Air's fuselage</a>

Indonesian search and rescue workers believe they have found the fuselage of a Lion Air passenger jet that crashed with 189 people on board, and are also trying to confirm the origin of an underwater "ping" signal, officials said on Wednesday.

<a href="http://www.wionews.com/south-asia/how-asia-bibi-was-convicted-in-blasphemey-case-a-timeline-174662">How Asia Bibi was convicted in </a><a href="http://www.wionews.com/south-asia/how-asia-bibi-was-convicted-in-blasphemey-case-a-timeline-174662">Blasphemey</a><a href="http://www.wionews.com/south-asia/how-asia-bibi-was-convicted-in-blasphemey-case-a-timeline-174662"> case: A Timeline</a>

Asia Bibi, a Christian woman charged under Blasphemy law in Pakistan was acquitted by the Pak Supreme Court today.

<a href="http://www.wionews.com/south-asia/myanmar-says-2000-rohingya-to-arrive-in-november-despite-doubts-174669">Myanmar says 2,000 Rohingya to arrive in November despite doubts</a>

A top Myanmar official said Wednesday that his country would take back the first group of 2,000 Rohingya refugees from camps in Bangladesh in November despite widespread doubts over the proposal.

India jumps 23 positions to rank 77 in World Bank's 'ease of doing business' ranking India on Wednesday ranked at 77th position in the World Bank's 'Ease of doing business' index.

India jumps 23 positions to rank 77 in World Bank's 'ease of doing business' ranking India on Wednesday ranked at 77th position in the World Bank's 'Ease of doing business' index. India has recorded a jump of 23 positions against its rank of 100 in 2017. China alerts India on flood-like situation in Brahmaputra river in Arunachal For the second time in a fortnight, China has alerted India of a possible flood-like situation in the Brahmaputra river in Arunachal Pradesh after a landslide blocked water upstream in Tibet, a senior Water Resources Ministry official said on Wednesday. Indonesian search team may have found Lion Air's fuselage Indonesian search and rescue workers believe they have found the fuselage of a Lion Air passenger jet that crashed with 189 people on board, and are also trying to confirm the origin of an underwater "ping" signal, officials said on Wednesday. How Asia Bibi was convicted in Blasphemey case: A Timeline Asia Bibi, a Christian woman charged under Blasphemy law in Pakistan was acquitted by the Pak Supreme Court today. Myanmar says 2,000 Rohingya to arrive in November despite doubts A top Myanmar official said Wednesday that his country would take back the first group of 2,000 Rohingya refugees from camps in Bangladesh in November despite widespread doubts over the proposal.

News brief: Big stories of the day

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ease of-business

Indian government to amend Disabilities Act citing hindrance in ease of doing business

Amid COVID-19, Ferrari overtakes Ford, General Motors after $30 billion surge in market value

How India jumped to 77th rank in ease of doing business from 100th in last 12 months

News brief: Big stories of the day