More than 9,600 cases involving a total amount of nearly Rs 3.75 lakh crore have been disposed of at the pre-admission stage of the insolvency law process,
Category: News of interest
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Insolvency law to have positive impact on debt market: Sebi chief – The Economic Times
Sebi Chairman Ajay Tyagi on Monday expressed hope that positive impact of the insolvency law will be visible on the domestic corporate debt market in five years. Describing the Insolvency
The Cost of India’s Foreign Reserves–Economic Times
India’s foreign exchange reserves have gone up again, to cross $453 billion last week. This calls for some hard thinking on the part of our
MSMEs: MSMEs get only Rs 40 cr out of Rs 625 cr interest subsidy – The Economic Times
Small businesses have received a mere Rs 30-40 crore earmarked as 2% subsidy, a year after the government announced the scheme for micro, small and
MSME: Govt working on suggestions to create Rs 5k cr stressed asset fund: Secretary MSME Arun Kumar Panda
“We are working towards skilling, upskilling and reskilling the workforce across sectors in the economy,” said Panda. With the government betting big on the country’s MSMEs sector
GST compensation: Under fire, Centre releases Rs 35,298 crore to states – The Financial Express
When GST was rolled out on July 1, 2017, states were promised to be compensated for the loss of revenue. After a delay of over
Is there more room for rate cuts? RBI governor Shaktikanta Das has this to say – The Financial Express
India’s central bank Governor Shaktikanta Das said there’s more room for easing monetary policy, but a lot depends on how these actions are timed. “It’s
Fiscal profligacy can lead to critical situation: Former RBI Guv Subbarao | Business Standard News
Former Reserve Bank Governor D Subbarao on Tuesday asked the government to ensure fiscal deficit is within the targeted number and warned that “fiscal profligacy” can lead to crisis
Creditors, home buyers approve NBCC’s bid for debt-laden Jaypee Infra | Business Standard News
Jaypee Infratech’s financial creditors, including lenders and homebuyers, have approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according
SAT denies relief to Axis Bank in Karvy case, asks it to approach Sebi | Business Standard News
The Securities Appellate Tribunal (SAT) has denied relief to Axis Bank in the Karvy case. The private lender had approached the tribunal seeking the shares pledged by Karvy to
The right reaction | IBC 2016–Business Standard Editorials
The Union Cabinet has signed off on further amendments to the landmark Insolvency and Bankruptcy Code (IBC). The purpose of these amendments is to ensure that there
Proposed changes to IBC may augur well, but apprehensions still remain | Business Standard News
Proposed amendments to the Insolvency and Bankruptcy Code (IBC), one of the most-reformed laws of recent times, have laid to rest most of the concerns, but apprehensions
Amended IBC sets threshold for initiating corporate insolvency cases | Business Standard News
The government has proposed at least 100 individuals or 10 per cent of creditors such as homebuyers have to come together to initiate corporate insolvency
Don’t get spooked by the inflation | Business Standard Column
Inflation has risen, particularly with a sharp rise in vegetable prices. This is not, however, a time to get too worried about inflationary pressures in the economy.
PMLA vs IBC: Experts explain why battle for primacy is far from over | Business Standard Column
In a bid to make way for a better insolvency resolution process, the Union Cabinet has approved a set of amendments to the Insolvency and Bankruptcy Code (IBC) through
Arbitration venue to green clearance, key court orders from last week | Business Standard Column
SC quells row over arbitration venue Though arbitration clauses are often drafted by the best legal brains, basic issues like jurisdiction of courts is a
‘Advance authorisation is different from special advance authorisation’ | Business Standard News
We received advance authorisation (AA) dated December 11, 2019, towards import of linen fabric under actual user condition. Will pre-import condition be applicable as per
Why India pulled out of RCEP? Piyush Goyal defends govt’s controversial move – The Financial Express
Piyush Goyal said the government took the bold decision in the national interest because clearly, the RCEP had become nothing but an India-China FTA which
Small business credit woes to end? Loans to MSMEs likely to more than double in these many years – The Financial Express
Credit and Finance for MSMEs: MSME loans are likely to more than double in five years growing at 15 per cent CAGR between FY19 and FY24,
Taxman may get to block doubtful input tax credit – The Economic Times
The government is set to amend Section 49 of the Goods and Services Tax (GST) law that would allow tax officers to block input tax credit of companies if
