Clipped from: https://www.business-standard.com By removing the export turnover, these units will export more and the country will benefit. This will also boost employment, Nitin Gadkari said
Author: Anil R Tikotekar
Exodus of migrants hits garment, knitwear hubs – The Economic Times
Clipped from: https://economictimes.indiatimes.com Garment and knitwear hubs across the country from Ludhiana to Tirupur are facing shortage of tailors and finishing personnel as hundreds of thousands
Welcome breather – Special Report News – Issue Date: Jun 1, 2020
Clipped from: https://www.indiatoday.in The government has eased the regulatory burden to allow corporate India to focus on business revival. Worldwide Push: PM Modi at the Bloomberg
Insolvency code should be suspended for six months to help companies recover | The Indian Express
Clipped from: https://indianexpress.com After the lockdown is over, several companies are likely to default on their dues to both operational and financial creditors. The latter include
Govt. suspends insolvency proceedings – The Hindu
Clipped from: https://www.thehindu.com Fresh proceedings will not be initiated for at least six months starting from March 25 amid the COVID-19 pandemic The government on Friday
Corporate insolvency suspension ordinance promulgated – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com No insolvency initiation for debt defaults arising on or after March 25 The much-awaited ordinance suspending initiation of Corporate Insolvency Resolution Process (CIRP)
Saving viable cos more important than liquidating unviable ones: IBBI chief | Business Standard News
Clipped from: https://www.business-standard.com/ MS Sahoo backed the decision to bring in the IBC amendment ordinance to suspend triggering of corporate insolvency resolutions against cos for any
NCLT needs clear set of protocols to flatten bankruptcy curve, say experts | Business Standard News
Clipped from: https://www.business-standard.com Debt restructuring schemes under company law, and introduction of Code-based pre-packs are worth exploring, say experts Experts say there is no outer date
COVID-19: Govt amends insolvency law; suspends initiation of fresh proceedings for six months | Deccan Herald
Clipped from: https://www.deccanherald.com Seeking to provide relief for corporates, the government on Friday promulgated an ordinance to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh
Bank Loan: Banks reassess loans, home buyers in soup | India Business News – Times of India
Clipped from: https://timesofindia.indiatimes.com MUMBAI: In the season of salary cuts and job losses, builders and people who booked flats in their projects now have to deal
‘Likely blanket suspension of fresh cases under IBC may kill any chances of viable restructuring of assets’ – The Financial Express
Clipped from: https://www.financialexpress.com/ While other jurisdictions have also adopted the accommodative stance, they have been varying and have drawn a redline for defaults that may have
IBC suspension leaves door open for fraud: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com As per the ordinance issued on Friday, proceedings under the Insolvency and Bankruptcy Code can never ‘ever’ be filed for defaults occurring during
Bank Loan: Banks reassess loans, home buyers in soup | India Business News – Times of India
Clipped from: https://timesofindia.indiatimes.com MUMBAI: In the season of salary cuts and job losses, builders and people who booked flats in their projects now have to deal
‘Staying at home not a solution, won’t save economy,’ says JSW Chairman Sajjan Jindal–Business today
Clipped from: https://www.businesstoday.in Coronavirus impact: Sajjan Jindal said that India as a country needs to get back to its full capacity at the soonest to be
Auditor may not have raised red flags at IL&FS behest: forensic report | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/auditor-may-not-have-raised-red-flags-at-ilfs-behest-forensic-report-6447866/ According to the Grant Thornton forensic audit report, SRBC & Co LLC had earlier taken a decision to make such qualifications in its
Last thing we want at time of health crisis is to do something that creates a financial crisis: Uday Kotak | Business News,The Indian Express
Clipped from: https://indianexpress.com Uday Kotak said that there is an opportunity to rebalance rural and urban and that the state needs to work towards the aspect
‘Return to pre Covid-19 growth will take a year’, says Kotak Mahindra CEO – business news – Hindustan Times
Clipped from: https://www.hindustantimes.com/ Uday Kotak said we are in a completely new era post Covid-19 and thus, revival cannot be evaluated on average. Rajeev JayaswalHindustan Times,
Why the IBC ordinance to suspend insolvency pleas for six months, spells trouble – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Exempting Covid related defaults from insolvency under IBC permanently, can lead to unwarranted consequences For corporates caught in the Covid led crisis, the
Monetising fiscal deficit via secondary OMOs right way: Uday Kotak | Business Standard News
Clipped from: https://www.business-standard.com/ If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to
Firms rush to register as MSMEs, but most may not get loans: Officials | Business Standard News
Clipped from: https://www.business-standard.com The government had last month announced loans worth Rs 3 trillion for an estimated 4.5 million MSMEs that are facing a liquidity crunch