Which of the following statements is/are correct with reference to the ‘hike in compensation to self-employed’?
A. Supreme Court has recently held that an extra 40% should be added to the income of deceased road accident victims who are aged below 40 years and are self-employed, while calculating compensation.
B. The Supreme Court judgment recognises self-employment as gainful employment.
C. Both A & B
D. None of these
Explanation:
The Supreme Court has held that an extra 40% should be added to the income of fatal road accident victims, aged below 40 and self-employed, while calculating compensation. A three-judge Bench led by Chief Justice of India N.V. Ramana said the additional amount should be included in the income of the dead person as “future prospects”. The judgment is significant as it recognises self-employment as gainful employment and calls for an increase in the compensation amount accordingly.
