Why Legal Translations Are Necessary

It’s a well-known expression that knowledge is power. In fact Africa continues to limp simply because its people are not equipped intellectually and lack support to translate the available knowledge into tangible benefits. So instead of the governments in Africa investing more in building libraries and supporting the creative process, they invest more in building more prisons and buying guns and teargas to suppress dissent.

Now consider the developed world; people there know their rights and demand better services short of which the leaders are impeached or voted out without fear. It goes without saying that Uganda and most countries in sub-Saharan Africa can never attain the long-cherished dream of middle-income status without equipping its people to know and stand for their rights.

The need to translate the constitution

The first step in equipping Ugandans to know their rights and play their role as responsible citizens is give them the constitution. It is the mandate of the government to make the constitution accessible in both print and audio versions and in all languages that cover this multi-ethnic nation so that everyone can read it and understand it, while those who cannot read can access it in audio format in their mother tongues. If the government can do that, then people will know their rights; they will know that they pay taxes so that the government can deliver services and when the latter fails as it has often, then people can rise up and demand accountability from the rulers. Thus the need to translate not only the constitution but also the penal code and other legislative and executive literature is paramount. Thus legal translations are quintessential and essential if Uganda is to achieve Vision 2030.

Translation services can also be provided in number of languages within different African countries such as;

Tigrinya translation services

Somali Translations

Malagasy Translations

Yoruba Translations

Chewa Translations

Wolof Translation services

Kinyarwanda translation services.

All the above may also apply to a specific genre of work or expertise and this could be Financial translations, Court Interpreting and conference interpreting, Educational translations, Immigration translations, business document translations, and more.

At the end of the day hiring a professional translations company translates into effective Interpretations of one’s rights, the roles that have to be played by our leaders constitutionally thus getting the message intended to all local citizens that may not have the chance to understand the English language or any other.

Demonetization of High Denomination Currency Notes and Its Impact on the Indian Economy

On November 8th, 2016, Government of India announced its decision to demonetize or ban old currency notes of INR 500 and INR 1,000 in circulation. This move was taken to curb “black money and counterfeit notes used by terrorist organizations for illegitimate activities” in the economy. These two currency notes account for 86% of all the currency in circulation.

The move to demonetize High Denomination Currency notes has massively impacted lives of almost every Indian according to the market info. This has also hampered the economic activities around the country. A recent report from Deutsche Bank estimates that Indian real GDP growth is likely to slow down to 6.5% in the current fiscal year due to demonetization. Major implications of this demonetization are mentioned below:

Cash-less Economy

India is predominantly a “cash-based” economy, with 98% of all consumer transactions conducted in cash, in terms of volume, and over 85% of workers receiving their wages in cash. This move is also expected to propagate the notion of “Digital India” mission undertaken by government to make transition smoother from a cash-based economy to a “cash-less” economy.

Increasing Tax Revenue

In addition, India is essentially a very poor nation in international standards with annual per capita GDP of below US$1,600 in 2015, as data from World Bank suggests. By forcing people with illegal cash holdings to deposit such cash holdings into bank accounts and pay taxes is intended to increase tax revenue to the government. These tax revenues can then be utilized to finance better public infrastructure as well as other social welfare programs for the poorest sections of the society.

Effectiveness of the Move

Former RBI Governor, Raghuram Rajan, had pointed out during a conference in 2014 that demonetization has limited positive effects. He also mentioned that it would be helpful for the Indian economy to have a better tax regime to achieve positive long run sustainable effects.

For its direct implications, this decision by the Indian government is intended to curb out the black money in circulation. This will only affect unaccounted cash that is held in cash. That is, it will not have any impact on the black money that is held in the form of assets such as gold or property, and foreign currency denominations. In addition, this will have minimal effect on lowering the corruption or to increase the tax revenue in the long run.

Conclusion

This demonization program is expected to help government to tackle black money and counterfeited currency notes in the economy, but only to some degree according to market research. This program is expected to bring positive impact for the Indian economy, including lowering interest rates, lowering inflation in the medium run, and higher taxation revenue in the short run, and reduced tax burden. However, the Indian government will need to work on several other transparent policies and a better tax system to achieve its goals of rooting out black money and eventually the parallel economy.