The Insolvency and Bankruptcy Code was made operational in December 2016. Soon after, RBI identified 12 large NPAs with an outstanding debt of Rs 26 billion and
Category: Merits back reference
Careful with the CBI, expect to hit lending – The Financial Express–16.05.2018
Bank lending to industry grew just 0.7% in FY18, after contracting 1.9% in FY17 – will get worse with spooked bankers. On the face of
Beware a lending freeze: PSBs need a structural change in loan-giving | Business Standard Editorials–16.05.2018
The Reserve Bank of India (RBI) is reportedly planning to ask several public sector banks (PSBs) under the prompt corrective action (PCA) framework to restrict their exposure to fresh credit and
Power sector NPAs are not a banking problem–Economic Times–14.05.2018
Around 22% of India’s installed power-generation capacity burdens Indian banks as non-performing assets (NPA). There is little scope of restructuring them through the Insolvency and
Removing NCLT delays – The Financial Express–14.05.2018
Tata Steel’s Move to appeal the decision of the Delhi bench of the National Company Law Tribunal (NCLT) to ask the Committee of Creditors (CoC)
NCLT has a crucial role to play, but does it have enough capacity for it? | Business Standard Column–14.05.2018
The adjudicating authority for insolvency resolution under the Insolvency and Bankruptcy Code is the National Company Law Tribunal or NCLT. Since the Code’s enactment in 2016, not a day passes without a piece
Public sector banks may seek early recapitalisation on new NPA rule – Business Line–14.05.2018
The Reserve Bank of India’s revised framework for resolution of stressed assets may lead to public sector banks calling for an earlier recapitalisation by the
Walmart—Nothing to fear – Business Line–14.05.2018
The scare-mongers have been proved wrong: the growth of big offline retailers and e-commerce giants over the last decade or so has not driven mom-and-pop
MSMEs: Centre to double credit guarantee to MSMEs – The Economic Times–12.05.2018
In a bid to tackle trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government announced that it would double the credit
SC gives IBC process a boost on loan waivers – The Financial Express–11.05.2018
Given how a large part of the government’s plan to revive investments is predicated on a successful conclusion of the insolvency process under the Insolvency
SC decision gives IBC process a fillip – The Financial Express–11.05.2018
The recent Supreme Court decision holding that the waiver of loan is not income in the hands of the borrower could not have come at
Even kin of independent directors should not have financial links with firms, promoters: Govt – Business Line–11.05.2018
In a bid to step up corporate governance practices, the government has tightened norms for independent directors so as to ensure that even their relatives
Online retail flip: on the Walmart-Flipkart deal – The Hindu–11.05.2018
India’s e-commerce market, which accounts for less than a tenth of its overall retail opportunity, has just got a significant thumbs-up from American supermarket giant
e-way bill: E-way bill: All you need to know & experiences of the first month – The Economic Times–10.05.2018—–*****
By Anita Rastogi India has just announced the launch of another major reform under the GST regime. After an aborted attempt in February, the government has finally
Dispelling growth delusions | Business Standard Column–10.05.2018—–*****
Whenever official estimates of GDP growth creep up over 7 per cent, as they did for 2017-18 Q3, voices (including of senior government spokespersons) proliferate claiming that
Exchange rate: View: The US, by far, has been a bigger currency manipulator than India – The Economic Times–09.05.2018—–*****
The European Central Bank followed the US with its own QE. So did the Bank of England. Every western country printed enormous sums of money,
Bullying of SMEs by large players must stop – Business Line–09.05.2018—–*****
Large customers call the shots when it comes to making payments to small units; the govt can help end this practice Every conference, seminar and
Rupee’s dancing to more tunes this year – The Hindu–09.05.2018—–*****
The Indian currency has been facing some selling pressure for the last 4-5 weeks, chiefly on the back of rising crude price. The rupee fell
Manmohan Singh attacks Narendra Modi for ‘economic mismanagement’ – The Hindu–09.05.2018—–*****
Former Prime Minister Manmohan Singh on Monday launched a scathing attack on the Narendra Modi government for its “disastrous policies” and “economic mismanagement”. He said
Insolvency and Bankruptcy Code: Government considers time limit for withdrawal of cases under IBC ; The Economic Times–08.05.2018
Companies referred to bankruptcy courts may not be allowed to leave the process once bids have been invited or a resolution plan has been accepted. The government
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