The Insolvency and Bankruptcy Code was passed on 11th May 2016. It was done to consolidate all the existing laws related to insolvency in India and to simplify the process of insolvency resolution. [Insolvency is the inability of the individuals or corporates to repay their debts. Bankruptcy is nothing but a legal declaration of insolvency.]
The Panama Papers leak is making headlines everywhere. It is the biggest leak in the history of the world and the size and the quantum of data revealed is even greater than what was revealed by Wikileaks. This post explains what it is all about in a series of Q&As
The Government has approved a new regime for oil & gas exploration in India. It has replaced the existing NELP (New Exploration Licensing Policy), the framework which has been in place for the last 18 years, with HELP (Hydrocarbon Exploration Licensing Policy. The new policy is expected to reduce Indis’s import dependence by increasing the …
Hydrocarbon Exploration Licensing Policy (HELP) Explained Read More »
The Union Budget 2016 has got presented in the Parliament and most of the economic analysts have congratulated Jaitley on sticking to the fiscal consolidation roadmap.
The Economic Survey of 2015-16 acknowledges that one of the critical challenges confronting the Indian economy is the Twin Balance Sheet Problem. The balance sheets of both public sector banks (PSBs) and some corporate houses are in terrible shape.
Image Credits: eveningreports.nz Why are we discussing negative interest rates? Because on 29th January 2016, the Bank of Japan introduced negative interest rate policy. It is an unconventional monetary policy tool which can be used to combat deflationary forces in the economy and increase investments and spending.
Pradhan Mantri Fasal Bima Yojana is a new crop insurance scheme that was announced by the Government on 13th January 2016. It will be rolled out from June 2016.