Clipped from: https://www.deccanchronicle.com/lifestyle/books-and-art/270121/exposing-the-yes-bank-crisis.html ‘Yes Man: The Untold Story of Rana Kapoor’, is a thrilling account of the rise and fall of Rana Kapoor India’s economy was booming
Day: January 31, 2021
NCLAT stays insolvency process of RP Infosystems | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/nclat-stays-insolvency-process-of-rp-infosystems-7161533/ In its judgment, the NCLAT said that since the insolvency petition moved by SBI in 2019, seven years after RP Infosystems’ accounts were
Insolvency and Bankruptcy Code: India still lagging on some key indicators of dispute resolution | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/insolvency-and-bankruptcy-code-india-still-lagging-on-some-key-indicators-of-dispute-resolution-7167152/ The Economic Survey 2020-21 noted that the legal system was the single most important method of dispute resolution and that India was still
NCLAT turns down Neesa promoter’s insolvency plea | Ahmedabad News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/ahmedabad/nclat-turns-down-neesa-promoters-insolvency-plea/articleshow/80160937.cms AHMEDABAD: The National Company Law Appellate Tribunal has turned down the plea of bureaucrat-turned-businessman Sanjay Gupta, to allow bankruptcy proceedings to be initiated for Neesa Infrastructure
Criminal cases deter insolvency resolution professionals: Tribunal | Chennai News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/chennai/criminal-cases-deter-insolvency-resolution-professionals-tribunal/articleshow/80292753.cms Chennai: If every resolution professional (RP) is bombarded with criminal prosecution and police investigation, they won’t be able to conduct the insolvency process without fear, observed the National Company
New public holding rules for companies under insolvency – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/new-public-holding-rules-for-cos-under-insolvency/articleshow/79768427.cms NEW DELHI: In a first, the government on Wednesday decided to issue a National Security Directive for the telecommunication sector to mandate scrutiny
Insolvency resolution: The IBC story so far and the way forward – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-resolution-the-ibc-story-so-far-and-the-way-forward/articleshow/80399160.cmsSynopsis Jurisprudence of any legislation takes time to evolve and IBC was no exception. Devendra Mehta Insolvency Professional & Restructuring Advisor, Contributor Content Solution:
IBC mechanism needs structural changes to expedite faster resolution of companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/only-structural-changes-in-ibc-mechanism-can-help-to-expedite-the-faster-resolution-of-companies/articleshow/80478370.cmsSynopsis The structural reforms needed are an increase in the number of benches, outsourcing of administration function to a specialized agency, clarity on the
Insolvency and Bankruptcy Code: Insolvency and Bankruptcy Code resolution timeline averages 440 days – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-and-bankruptcy-code-resolution-timeline-averages-440-days/articleshow/80514065.cmsSynopsis An Alvarez & Marsal India report on Thursday called upon all IBC stakeholders to focus on improving efficiency to resolve cases in a
Insolvency: ‘Prior to admission’ delays dragging down efficiency of IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/insolvency-prior-to-admission-delays-dragging-down-efficiency-of-ibc/article33677072.ece Promise of time-bound resolution a distant dream for stakehokders, says Alvarez & Marsal India India would do well to focus on capacity building
Strong-arm tactics, no answer to loan default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/strong-arm-tactics-no-answer-to-loan-default/article33678063.ece By imposing a hefty fine on an NBFC, the central bank is sending a message to lenders Many digital apps adopt the “first
IBC and the ‘de-stressing’ of India Inc – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-and-the-de-stressing-of-india-inc/article33687283.ece Thanks to the bankruptcy code, distressed firms are able to better access short- and long-term debt funds The Covid-19 pandemic has been driving
‘The idea of bad bank has merit’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/the-idea-of-bad-bank-has-merit/article33705220.ece?homepage=true Will be more efficient if it is in private sector: Krishnamurthy Subramanian Chief Economic Advisor Krishnamurthy Subramanian said the idea of ‘bad bank’
Economic Survey 2020-21 endorses continuation of expansionary fiscal stance | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/economic-survey-2020-21-endorses-continuation-of-expansionary-fiscal-stance-121012901147_1.html The Survey is also bullish about medium-term growth prospects, largely due to the expenditure support and various reforms. The pre-Budget Economic Survey for
Personal I-T revenue now equals all other direct taxes: That’s a problem | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/personal-i-t-revenue-now-equals-all-other-direct-taxes-that-s-a-problem-121013001192_1.html Until the 1950s taxes on output contributed more to government revenue than those on incomes of people and businesses. But since then the
Electric vehicle companies hope government fixes GST anomalies in Budget 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/electric-vehicle-companies-hope-government-fixes-gst-anomalies-in-budget-2021/articleshow/80590852.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Manufacturers of electric vehicles (EVs) have urged the government to fix anomalies in the Goods and Services Tax (GST) rate structure, which taxes
The tax reliefs that can make this a Budget India hasn’t seen in a hundred years –INDIA BUDGET: — The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/the-tax-reliefs-that-can-make-this-a-budget-india-hasnt-seen-in-a-hundred-years/articleshow/80597377.cmsSynopsis The end of pandemic in sight, all eyes are now on the upcoming Budget in the hope of some much-wanted reliefs and incentives.
Happy about jabs, worried about jobs: India’s mood ahead of Budget –BUDGET 2021- The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/happy-about-jabs-worried-about-jobs-indias-mood-ahead-of-budget/articleshow/80604115.cmsSynopsis ET Magazine conducted a three tier poll — of 100 CEOs, 27 economists and 3,476 middle-class Indians — over a fortnight in January
Fiscal push or reforms: What should it be? Fine print holds clues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/fiscal-push-or-reforms-what-should-it-be-fine-print-holds-clues/articleshow/80595651.cmsSynopsis Importantly, and perhaps more so after the pandemic, it calls for increasing investment in health infrastructure, by boosting public spending from 1% of
India needs to make efforts to get rating upgrade in line with fundamentals: CEA –ECONOMIC SURVEY– The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/india-needs-to-make-efforts-to-get-rating-upgrade-in-line-with-fundamentals-cea/articleshow/80602606.cmsSynopsis The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody’s to
