The Supreme Court's landmark 2026 judgment fundamentally revises compensation law by recognizing homemakers as 'economic entities'. It introduces a new head 'loss of domestic care' with a baseline of ₹30,000/month, escalating case compensation from ₹2.42 lakh to ₹62.77 lakh and mandating High Courts to expedite motor accident cases.
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- ›New Compensatory Head: Loss of Domestic Care
- ›Baseline Monthly Value: ₹30,000
- ›Target this Data: 'Loss of Domestic Care' baseline is ₹30,000/month, escalating 10% every 3 years.
- ›Target this Nodal Body: 'Supreme Court' (Bench: Justices Sanjay Karol & N Kotiswar Singh).
- ›Target this Legal Point: 'Motor Vehicles Act, 1988' is the governing law for accident compensation.
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