Let us understand a few concepts before we move on to the story. A public sector undertaking (PSU) is a firm which is owned by the Government, that is, the Government has a shareholding of more than 50 %. Disinvestment is selling of shares of the PSUs by the Government. Disinvestment leads to privatisation only …
Govt. approves strategic disinvestment in 5 PSUs- Explained Read More »
DHFL or Dewan Housing Finance Corporation Ltd. is a Non-bank financial company, which provides home loans. It defaulted on its payment obligations. So, the RBI decided to refer the company to the insolvency court (established under the Insolvency and Bankruptcy Code). [You may also read: The Insolvency and Bankruptcy Code Explained] The company will be …
What happened to DHFL (Dewan Housing Finance Corp)? Read More »
A recent landmark judgement by the Supreme Court facilitated the take-over of Essar Steel by Arcelor Mittal. This article explains all about the Essar Steel Insolvency case. The story so far: In the year 2016, India passed the Insolvency and Bankruptcy Code to deal with insolvency and bankruptcy in India. The National Company Law Tribunal …
The telecom sector in India is on the brink of collapse. If the telecom operators fail to repay their debt, this crisis could spill on to the banking system. It could add on to the Non-performing assets (NPAs) of the banks. This article explains everything about the distress in the telecom sector. Why is the …
Why is the telecom sector in India under stress?- explained Read More »
India chose to stay out of the RCEP agreement citing that the pact did not resolve some of the issues that India had. The RCEP (Regional Comprehensive Economic Partnership) was meant to be the world’s largest trade pact consisting of 16 countries– China, India, Japan, South Korea, Australia, New Zealand and all the 10 members …
The US has decided to remove India from the list of countries eligible to get benefits under the Generalised System of Preferences (GPS) scheme. This scheme provides trade preferences to the developing and the poor countries. What is Generalised System of Preferences (GSP) scheme? This scheme enables developed countries like the US to provide trade …
What is Generalised System of Preferences (GSP)? Read More »
What is IL&FS ? IL&FS stands for Infrastructure Leasing & Financial Services Limited. It is an infrastructure finance company with a pan-India presence. It operates through more than 250 subsidiaries. The IL&FS Ltd. was founded in the year 1987 to fund infrastructure projects. The major shareholders of IL&FS are as follows- LIC- 25.3 % RBI-7.67% SBI-6.42% …
Everything you wanted to know about the IL&FS crisis Read More »