Article 101(4)
An imprisoned Member of Parliament (MP) approached the Punjab and Haryana High Court, seeking permission to attend Parliament in order to prevent disqualification under Article 101(4).
About Article 101(4):
According to Article 101(4) of the Indian Constitution, if a member of either House of Parliament remains absent from all meetings for sixty days without the House’s permission, their seat may be declared vacant.
However, the 60-day period does not include any time the House is prorogued or adjourned for more than four consecutive days.
Stagflation
Recent reports indicate that stagflation is making a comeback in the U.S. market.
About Stagflation:
- Definition: Stagflation is a difficult economic condition characterized by slow economic growth, high unemployment, and rising inflation.
- Challenges: It creates a dilemma for policymakers, as addressing one issue (e.g., controlling inflation) can worsen another (e.g., increasing unemployment).
- Causes: Typically caused by supply-side shocks (such as sudden increases in oil prices), which raise production costs, leading to inflation and reduced economic activity.
- Effects: Stagflation leads to a decline in living standards and increased economic uncertainty due to soaring prices and sluggish growth.
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