-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
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UP is Shifting the Burden of Inefficient Power Companies Onto its Most Disenfranchised Citizens -Kabir Agarwal
-TheWire.in While the hike in power prices will increase rural distress, many farmers believe the move is particularly cruel because the quality of rural power supply hasn’t improved. Garhmukteshwar (Uttar Pradesh): Voting in the civic polls of Bhartiya Janata Party (BJP)-governed Uttar Pradesh (UP) concluded on November 29. A day later, a huge power tariff hike of up to 150% for rural consumers was announced in the state. While the tariff hike,...
More »FRDI: Grossly at Odds with the Indian Financial System -Sucheta Dalal
-MoneyLife.in The government’s penchant for painting all legitimate questions about its faulty policy-making as scaremongering or anti-national is getting rather irksome. Prime minister Narendra Modi (at the FICCI annual general meeting) and finance minister Arun Jaitley have both responded to fears over the implications of the Financial Resolution and Deposit Insurance Bill (FRDI Bill) , 2017, by lashing out at critics and reassuring people that the government will protect bank deposits....
More »Punjab's farm crisis a tragic irony -Devinder Sharma
-Deccan Herald Punjab, the food bowl of the country, is faced with a paradox of plenty. Ever since the launch of the Green Revolution in 1966, Punjab has been producing a record grain surplus year after year. Yet, over the years, it has turned into a graveyard for its farmers. There is hardly a day when reports of farmers committing suicide do not appear in Punjab newspapers. Take a look at the...
More »Rural anti-incumbency is the key takeaway from the Gujarat results
-Hindustan Times Farm distress is not confined to Gujarat alone. The economic viability of farming is increasingly coming under stress. Uncertain rainfall and price fluctuations can make things even worse in bad years What is the biggest political economy takeaway from the 2017 Gujarat elections? The schism between India and Bharat is for real. The BJP’s victory is only due to its dominance in urban areas. The Congress has won a majority...
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