The law ministry has given its approval to Fugitive Economic Offenders Bill
Fugitive Economic Offender Bill 2017: Provision & Significance
- The bill will give powers to the government to confiscate property of economic offenders and defaulters who flee India, albeit with a new provision
- Law Ministry proposed a "Saving Clause" to be incorporated in the Fugitive Economic Offenders Bill 2017 before its presentation in the Lok Sabha.
- The saving clause provides for certain exception(s) in a statute.
- It enables the repealed law to be in force with respect to some existing rights.
Fugitive Economic Offender Bill 2017: Provision & Significance
