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
Category: MSME-Startup
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
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 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
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
Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: Report – The Economic Times
Section 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year.
Nitin gadkari: Centre working on scheme to reimburse pending dues to MSMEs with interest: Gadkari – The Economic Times
In an interaction via video conferencing with the representatives of Bharat Chamber of Commerce, the minister for MSME and transport said the default on pending
Corporates miss vendor payments, bill discounting platforms see red – The Economic Times
Several large corporates which have issued ‘bills of credit’ are now demanding additional 30 to 60 days to honour their commitment. According to leading players
Let it flow: World continues imbibing during the lockdown, don’t force abstinence on India either–Times of India
Even with airports, malls, bars and restaurants shuttered up the world hasn’t stopped drinking. Only, it is drinking at home these days. Some places like
Fiscal package is overdue–Times of India
IMF has forecast that India’s economy in the current financial year will expand by 1.9%, the lowest level in about three decades. A couple of
Unparalleled global recession underway, twice as severe as 2009: Report – business news – Hindustan Times
Fitch said the slump in FY21 growth was mainly due to a projected fall in consumer spending to just 0.3 per cent in FY21 from
Post lockdown, India’s economy should not lapse into ‘permit raj’ | The Indian Express
At this crossroads, missteps can change nation’s trajectory for decades to come. We cannot have the poor, the labourers and the migrants bear the brunt
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