TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Hate Speech Bill Proposes 3-Year Jail, Sparks Debate Over Free Speech and State Powers

    Karnataka Hate Speech Bill Proposes 3-Year Jail, Sparks Debate Over Free Speech and State Powers

    Iran's Strikes Raise Alarms Over NPT’s Relevance

    Iran’s Strikes Raise Alarms Over NPT’s Relevance

    Congress leader Rahul Gandhi

    EC Writes to Rahul Gandhi Over ‘Match-Fixing’ Allegations in Maharashtra Polls, Gets No Response

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    India-China Reset in Motion: Doval-Wang Talks in Beijing

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India’s Economic Engine Accelerates

    India’s Economic Engine Accelerates: S&P Projects 6.5% GDP Growth for FY26

    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    A Timely Push For Self-Reliance Amid Strategic Tensions

    India Flexes Muscle: 28 DRDO Weapons Cleared for Emergency Defense Procurement

    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Iran's Strikes Raise Alarms Over NPT’s Relevance

    Iran’s Strikes Raise Alarms Over NPT’s Relevance

    india greece ties

    Operation Sindoor Notes Exchanged? IAF Chief’s Visit to Greece Strengthens Bilateral Defence Ties

    Pakistan Army Chief Allegedly Helped US Against Iran

    Pakistan’s Asim Munir Helped US Against Iran, Raising Questions About Loyalty to the Muslim Ummah

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    How to Store Your Tennis Outfits Properly

    How to Store Your Tennis Outfits Properly

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Hate Speech Bill Proposes 3-Year Jail, Sparks Debate Over Free Speech and State Powers

    Karnataka Hate Speech Bill Proposes 3-Year Jail, Sparks Debate Over Free Speech and State Powers

    Iran's Strikes Raise Alarms Over NPT’s Relevance

    Iran’s Strikes Raise Alarms Over NPT’s Relevance

    Congress leader Rahul Gandhi

    EC Writes to Rahul Gandhi Over ‘Match-Fixing’ Allegations in Maharashtra Polls, Gets No Response

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    India-China Reset in Motion: Doval-Wang Talks in Beijing

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India’s Economic Engine Accelerates

    India’s Economic Engine Accelerates: S&P Projects 6.5% GDP Growth for FY26

    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    A Timely Push For Self-Reliance Amid Strategic Tensions

    India Flexes Muscle: 28 DRDO Weapons Cleared for Emergency Defense Procurement

    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Iran's Strikes Raise Alarms Over NPT’s Relevance

    Iran’s Strikes Raise Alarms Over NPT’s Relevance

    india greece ties

    Operation Sindoor Notes Exchanged? IAF Chief’s Visit to Greece Strengthens Bilateral Defence Ties

    Pakistan Army Chief Allegedly Helped US Against Iran

    Pakistan’s Asim Munir Helped US Against Iran, Raising Questions About Loyalty to the Muslim Ummah

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    How to Store Your Tennis Outfits Properly

    How to Store Your Tennis Outfits Properly

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    The Digital Gaming Wave and Its Role in India’s Economic Growth

    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Kumar Mangalam Birla: IBC is a deeper reform than GST and note ban

Amit Agrahari by Amit Agrahari
29 July 2018
in Economy
IBC Birla
Share on FacebookShare on X

Kumar Mangalam Birla, chairman of Aditya Birla Group said in an interview that Insolvency and Bankruptcy Code (IBC) is a deeper reform than GST and note ban (demonetization). “I think we’re seeing improved levels of governance in corporate India and the government. We’re truly integrating with the world economy. I think there’s a definite deep cut that’s happened and IBC is a deep reform…”, Birla said in an interview. The 51-year-old industrialist Kumar Mangalam Birla is a fourth generation member of Birla Family which is one of the earliest business houses of India. The Aditya Birla Group operates in 35 countries with more than 120,000 employees worldwide. His vast experience of doing business in India and around the world and his family background gives him an edge in analyzing any economic reforms. So his appreciation for the IBC code is a great thing for the incumbent government. On the economic growth of the country, Birla said, “we’re expecting the economy to grow at 7-8% in the next few years.”

In our country, everyone talks about economic reforms but just few people knows that what does economic reforms actually mean. Does it mean just opening more and more sectors to FDI and rationalizing corporate tax or it is more structural steps which bring fundamental changes in way it does business in the country? The reforms like GST, IBC, and RERA are the structural reforms which change the way businesses are done and make entry and exit more easy, thus making it easy to operate in the business environment for domestic as well as foreign entities. The Modi government has been focusing on basic things like macroeconomic stability, changing the indirect tax structure to turn the country into a single market, IBC to solve the burgeoning NPA problem and systematic attack on black money through steps like demonetization, Benami property act and crack down on Shell companies. These steps resulted in healthy economic growth which reached 7.7 percent in the last quarter and black money crackdown increased the tax to GDP ratio. The increased tax will allow the government to spend more handsomely on social security schemes like Ayushman Bharat and the country will become a truly welfare state.

RelatedPosts

Income Tax Calculator: Explaing Modi govt’s major tax relief for Middle Class

As ‘One Nation, One Election’ Bill reportedly gets Cabinet nod, here is how Electoral Reset would Revolutionize Indian Democracy

As Trump Bets on DOGE, Here’s How Modi Transformed Governance in 10 Years

Load More

Initially, 12 bad loan cases of Non-Performing Assets (NPA) were identified by RBI to be solved under the newly adopted IBC law. Barring one, all the accounts are in various stages of resolution at different benches of the National Company Law Tribunal (NCLT). The percentage of recovery will be different for other banks, some of them are expected to get a better percentage of NPAs back and some will be less fortunate. Under the IBC law, National Company Law Tribunal (NCLT) has approved Tata Steel’s bid to acquire the bankrupt Bhushan steel. This is the second biggest dissolution of stressed assets by NCLT under the newly adopted IBC Code. Anil Agrawal led Vedanta Resources was the first successful bidder under this new law when it took over the ownership of bankrupt Electrosteel Steels for an aggregate amount of Rs 1,805 crore (USD 275.7 million) and additional funds of Rs 3,515 crore (USD 536.9 million) by way of debt. Bhushan Steel and Electrosteel were both among the first twelve companies which were referred by RBI to National Company Law Tribunal for proceedings under Insolvency and Bankruptcy Code, the other being Essar Steel, Alok Industries, Amtek Auto etc.

Tags: demonetisationGST BillibcModi government
Share2729TweetSend
Previous Post

Mob lynchings didn’t happen in UP because of shutting down of illegal slaughter houses: Yogi Adityanath

Next Post

Unhinged rantings of Derek O’Brien continue, Rishi Bagree is the latest target

Related Posts

India’s Economic Engine Accelerates
Business

India’s Economic Engine Accelerates: S&P Projects 6.5% GDP Growth for FY26

24 June 2025

Backed by a burgeoning middle class, rapid digital adoption, and fiscal discipline, the Indian economy has not only bounced...

US-Iran Tensions Shake Global Markets
Economy

US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

23 June 2025

A fresh wave of geopolitical tensions in the Middle East sparked by recent U.S. military strikes on Iran has...

What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns
Finance

What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

22 June 2025

Most people in India are now seeking intelligent means of investing their money. Perhaps the most common and reliable...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Right time for release? Sardar ji 3 drops amid tragedy

Right time for release? Sardar ji 3 drops amid tragedy

00:05:33

India' s oil and ethanol market at risk? Rural industries dear US flood

00:04:14

Amarnath yatra 2025 explained: history, logistics and security

00:06:47

when the God leaves the temple to be with his devotees.

00:05:31

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

00:11:04
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited