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 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.
With much expectation and a great furore came in the Annual Union Budget 2016, promising to be the much-needed test for the Modi government. Everyone had their eyes set on Mr Jaitley as to what would come out of that suitcase for all the people at large. Now, there has been a dispersion in views regarding …
In the inaugural session of the ‘Start-up India, Stand up India’ campaign, the Government unveiled a slew of incentives to encourage start-ups and catalyse entrepreneurship and innovation in the country. By bringing ‘start-ups’ into the lexicon of government policy-making, it has rightly recognised the potential of entrepreneurship in wealth creation and employment generation.
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.