Sections 7, 9 and 10 of the IBC enable a financial creditor, operational creditor and the promoter, respectively, to initiate insolvency proceedings against a company
Day: April 24, 2020
Coronavirus Lockdown IX: What will it take to kick-start the Indian economy?–Business Today
Getting the basics right holds the key. This would involve first acknowledging that a large population has lost incomes, savings and jobs and second, consumption
Coronavirus: CII calls for smoother tax regime, ease of doing biz, labour market reforms to revive economy–Business Today
Structural reforms are urgently required for reducing the cost of doing business as well as to renew confidence in the economy and support the recovery
RBI may save lockdown-hit Rs 35 lakh crore stressed loan book with old CDR schemes–Business Today
Reserve Bank of India may revisit old corporate debt restructuring schemes as current regulatory framework of dealing with stressed assets would only accelerate bankruptcies RBI
Insolvency professionals should use technology and keep working for revival of cos under IBC: IBBI official – Times of India
MANGALURU: The insolvency professionals should engage greater use of technology and keep working for revival of companies under the Insolvency and Bankruptcy Code (IBC), said Mukulita Vijayawargiya, WTM
Trumps plan to halt H-1B visa may come under review – The Hindu BusinessLine
The US Government’s decision to pause entry of immigrants for the next 60 days exempts all visa programmes, including H-1B, but is liable for a
No country should have any concern over India’s new FDI policy: Govt | Business Standard News
India’s decision to tighten norms for FDI came amid reports of China eyeing to take over several Indian entities following fall in their valuation due
PM Modi, Sitharaman to meet on Friday to finalise second stimulus package | Business Standard News
Friday’s meeting follows a wide range of deliberations held within the government and with eminent experts. On Wednesday, Senior PMO officials had a videoconference with
India studying Trump’s executive order of 60-day ban on immigrants: Report | Business Standard News
“People to people contact has been the bedrock of ties between the two countries and we hope it will continue to be so,” said a
India Inc gets IBC breather for six months amid coronavirus outbreak | Business Standard News
The provision is likely to require a change in the present Act, according to experts. The government has decided to suspend insolvency and bankruptcy proceedings
Head versus heart | Business Standard Column
This is a false dichotomy, the Indian economy can be rebooted and the Covid-19 virus contained concurrently The national lockdown due to the spread of the deadly
Fear factor, again | Business Standard Editorials
Industry right to question definition of negligence in Covid cases The spread of Covid-19 and the extended nationwide lockdown to contain it have brought economic activity to
Seeds of trouble | Business Standard Editorials
Labour shortage puts record rabi harvest at risk Rabi output, an anticipated all-time high, seems to be staring at an uncertain future because of an
SIDBI gives life support to credit-deprived MSMEs; offers loan to NBFCs, MFIs for onward lending – The Financial Express
Credit and Finance for MSMEs: The loans to be disbursed would be out of the Rs 15,000 ‘special liquidity facility’ that SIDBI received from the
Amazon doubles down on small sellers with new scheme amid Reliance’s plan to build grocery powerhouse – The Financial Express
Technology for MSMEs: Amazon has been piloting the new programme for six months with more than 5,000 shops based in over 100 cities including metros,
MSME trade body pegs loss to sector at Rs 40,000-crore per day – The Financial Express
AIMO has requested the government to look at protecting the elders and senior citizens of the country and allow the working class to return to
Ludhiana association moves Supreme Court against direction to pay full wages during lockdown – The Financial Express
The association also said hundreds of crores of unclaimed provident fund and employees state insurance corporation contribution lie in banks attracting interest. MSMEs have also
Firms get relief from IBC for six months, ordinance soon – The Financial Express
While the Reserve Bank of India (RBI) has allowed borrowers a three-month repayment holiday for term loans, keeping insolvency proceedings in abeyance would be an
Tax relief for recovery: GST concessions can go a long way in supporting businesses – The Financial Express
The post-Covid economic scenario will be extremely cost-sensitive. Seamless flow of ITC can greatly reduce cost stress. During lockdown, companies will still incur routine expenses
Coronavirus impact on economy: Important constituents of the economy may suffer during Covid crisis in the absence of clarity – The Economic Times
India has been relatively conservative in extending fiscal measures to deal with the negative impact of COVID-19 on the economy. However, it has to take
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