-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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Union Finance Minister Shri Arun Jaitley Holds Pre-Budget Consultation Meeting with the representatives of different Agriculture Groups
-Press Information Bureau/ Ministry of Finance The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley said that there is a need to conserve water, incentivize agro processing and promote balanced use of fertilizers in order to ensure higher agriculture productivity. The Finance Minister said that in order to achieve the goal of doubling the farmer’s income by 2022, there is need for better storage and marketing facilities for the...
More »Of crime and punishment -Mukul Sanwal
-The Hindu Low conviction rates and a lack of a lawful definition of crime mark criminal administration in India Police reform in India has been concerned with political interference ever since the landmark Supreme Court judgement, in 2006, on the subject. The focus should really be on reorganising criminal administration. The annual publication of the National Crime Records Bureau (NCRB), “Crime in India 2016”, which was released recently, presents a dismal picture of...
More »Govt paid Rs 6,300 per babu for health, but only Rs 1,100 for aam aadmi -Rema Nagarajan
-The Times of India If what the central government spends on providing healthcare for its own employees is a measure of what decent healthcare costs, what governments (central and states put together) spend for the ordinary citizen is a paltry sixth of that amount. The recently released National Health Accounts (NHA) 2014-15 shows that the average government spend per citizen per year was just Rs 1,108, against almost Rs 6,300 per...
More »Denial of MGNREGA entitlements continues in blatant violation of Supreme Court orders
-Press release from NREGA Sangharsh Morcha The Public Interest Litigation (PIL) filed by Swaraj Abhiyan in the Supreme Court on the severe drought conditions in the country had drawn the attention of the Court to the inadequate effort of the Central and state governments in implementing the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), amongst other welfare programmes. In its last judgment on issues of MGNREGA workers on 13 May...
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