ACT OF GOD’ / ‘FORCE MAJEURE’ OR ‘ACT OF HUMANS
Keywords:
Force Majeure, Act of godAbstract
The above statement by Finance Minister Nirmala Sitharaman at the recent GST Council meeting was opposed by many politicos, polymaths and pioneers. The first of such censure came from West Bengal finance minister Dr Amit Mitra who said, "In 2016, GDP was 8 per cent before demonetization and in 2019-20, just before Covid-19 it fell to 4.2 per cent, almost a 4 per cent decline. Quarterly growth (Jan-March) has seen a record fall to 3.1 per cent, the lowest in 11 years. Fixed investment growth rate is negative. Was all this Act of God or was someone playing God?"i All this started at 41st meeting of the GST (Goods and Services Tax) Council, where an indication of the extent of the economic destruction wreaked was revealed. In the said meeting Calling the pandemic as an “Act of God”, Union finance minister Nirmala Sitharaman revealed that the Centre would not be able to get somewhere with the shortfall. Generally, the ‘Act of God’ or “Force Majeure” is a clause used in private contracts to insure one or both parties from carrying out the terms of the contract due to events beyond their control.
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