First test of India's new bankruptcy law offers cautionary tale
The World Bank estimated it took 4.3 years on average in India to resolve insolvency under the old laws, more than twice as long as in China.
Jul 11, 2017, 20:59 PM IST
RBI identifies 12 accounts responsible for 25% of Rs 8 lakh crore bad loans
The RBI on Tuesday identified 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25 percent of total NPAs of banks for immediate referral for resolution under the bankruptcy law.
Jun 13, 2017, 21:10 PM IST
'Bill to address bankruptcy in fin sector in next Parliament session'
The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs.
May 23, 2017, 20:15 PM IST
India's economic, political systems yet to mature: CEA Arvind Subramanian
Economic and political systems in India have "not developed maturity" for nuanced interventions and tend to take recourse to bans and restrictions, Chief Economic Advisor Arvind Subramanian said on Thursday.
Mar 02, 2017, 15:32 PM IST
Bold reforms like demonetisation to boost economic growth: NITI Aayog
The chief of government think-tank NITI Aayog pointed out that exports have to play a very critical role as the share of India's exports in global markets is very minimal, at just 1.7 per cent.
Nov 26, 2016, 18:16 PM IST
GST, bankruptcy laws to facilitate mergers and acquisitions: PHD Chamber
Industry body PHD Chamber on Thursday said the Goods and Services Tax (GST) and bankruptcy laws will emerge as facilitators for both inbound and outbound mergers and acquisitions (M&A) in the country.
Nov 17, 2016, 19:41 PM IST
India's economy to grow 8%, agri sector over 4% this fiscal: Das
Pinning hopes on a slew of government reforms, Economic Affairs Secretary Shaktikanta Das on Tuesday said the GDP growth will be around 8 percent this fiscal while the agriculture sector is expected to grow over 4 percent.
Oct 25, 2016, 16:20 PM IST
Bankruptcy and Insolvency law likely to be operational by year end
Economic Affairs Secretary Shaktikanta Das on Tuesday expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business.
Oct 25, 2016, 15:26 PM IST
India's rating upgrade in 2 years if reforms tangible: Moody's
Calling the reform process slow and gradual with muted private investment and NPAs posing a challenge, Moody's today said it could upgrade India's rating in 1-2 years if it is convinced that reforms are "tangible".
Sep 20, 2016, 16:36 PM IST
Passage of quicker debt recovery bill credit positive: Moody's
Passage of the Bill to fast track debt recovery, together with the bankruptcy law passed earlier, will lead to structural improvements and is credit positive for Indian banks, Moody's Investors Service said on Monday.
Aug 08, 2016, 15:29 PM IST
Transmission of monetary policy to influence economic development: Moody's
Mumbai: With the Reserve Bank of India (RBI) not altering policy rates, it will be only the transmission of monetary policy that would influence India`s economic development and credit profile, credit rating agency Moody`s Investors Service said on Wednesday.
India's foreign policy change opens new avenues for businesses
Washington: Change in India's foreign policy has not only opened up "new avenues" for Indian businesses globally, but also allowed them to shed the earlier "defensive outlook", a leading Indian trade body has said.
Jun 07, 2016, 13:55 PM IST
Bankruptcy law credit positive for banks: Moody's
The current weak legal framework for asset resolution has been a key structural credit weaknesses for Indian banks, it said.
May 26, 2016, 15:04 PM IST
Market Debates - Modi Government's Two year completion : Part 1
Watch our special report on the public opinion on the completion of Modi Government.
May 14, 2016, 16:50 PM IST
MCA regional directors get more powers under companies law
To reduce procedural requirements, the Ministry of Corporate Affairs (MCA) has given more powers to its regional directors with respect to scrutinising firms suspected of violating companies law.
May 08, 2016, 11:58 AM IST
Lok Sabha nod for insolvency and bankruptcy code
The Lok Sabha on Thursday gave its nod to the Insolvency and Bankruptcy Code, 2016, that seeks to improve the ease of doing business in the country.
May 05, 2016, 19:58 PM IST
Joint Parliament Standing Committee clears Bankruptcy Law: FM Jaitley
Finance Minister Arun Jaitley on Wednesday said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.
Apr 27, 2016, 15:14 PM IST
Govt brings bankruptcy law to improve ease of doing biz
Seeking to improve ease of doing business, government on Monday introduced in Parliament the 'Insolvency and Bankruptcy Code, 2015' that provides for resolution of insolvency in a timebound manner.
Dec 21, 2015, 16:43 PM IST
Govt to push for bankruptcy law in Parliament in next 3 days: FM Jaitley
The government will push for a bankruptcy law in parliament in the remaining three days of the winter session.
Dec 19, 2015, 16:45 PM IST
Bankruptcy law report submitted; bill in Winter Session
The government, according to Finance Minister Arun Jaitley, would try to introduce a bill on bankruptcy law in the forthcoming Winter Session of Parliament.
Nov 04, 2015, 20:29 PM IST
