Govt.’s war on black money continues, 55,000 Shell companies shut down
In India, tax evasion and money laundering used to be as normal as doing business. The atmosphere prevailing was of ‘Matsya Nyaya’ where ...
Tag: ibc
Raghuram Rajan blames UPA policies for NPA problem, slow economic growth
Raghuram Rajan, former governor of RBI has blamed corrupt bank management and UPA era policies for Non Performing Assets (NPAs) problem. Lok Sabha ...
Modi government’s latest move to tackle the banking crisis
Government has asked RBI to prepare a plan for merger among 21 public sector banks. The public sector banks are losing market share ...
This important reform will help India in improving the ease of doing business ranking
Indian media is mostly interested in covering negative and controversial news. As former president of India, Dr. Abdul Kalam rightly asked, "Why is ...
Public sector banks NPAs declined by Rs 1, 28,229 crores in FY18
According to the former chief economic advisor, Arvind Subramanian the Non-performing Assets (NPAs) are the most critical economic problem faced by the country. ...
Rising number of Merger and Acquisition operations sign of healthy economy, will benefit the consumers
India has almost 17 lakh companies with a heavy concentration in states like Maharashtra, Delhi, and West Bengal. Most of these companies are ...
Kumar Mangalam Birla: IBC is a deeper reform than GST and note ban
Kumar Mangalam Birla, chairman of Aditya Birla Group said in an interview that Insolvency and Bankruptcy Code (IBC) is a deeper reform than ...
SBI expects to recover 50% assets from RBI’s first NPA list
The State bank of India (SBI) expects to recover 50 percent of loans from the initial 12 NPA cases identified by RBI for resolutions ...
Despicable! Misrepresentation of facts by media on FRDI bill leads to the government dropping it altogether
The trial by media have led much harm to public benefits of the country. It has also led to breach in individual freedom ...
Power Sector seeks exemption from insolvency proceedings under IBC law
The power sector wants an exemption from Insolvency proceedings under Insolvency and Bankruptcy law (IBC). The government wants to warehouse stressed power projects ...
Asset Reconstruction Companies under NIIF to help resolve issue of Non Performing Assets
The process for the resolution of Non-Performing Assets (NPA) may get faster as the banks are trying to get an Asset Reconstruction Company ...
In major relief for thousands, IBC amendment to treat Homebuyers at par with Investors
The Insolvency and Bankruptcy Code (IBC) is a law which consolidates the existing frameworks by bringing a single law for insolvency and bankruptcy. ...
