-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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Tomato prices plunge to 50 paise a kg, leave farmers in tears in Andhra Pradesh
-The New Indian Express KURNOOL: Prices of tomatoes have crashed to as low as 50 paise per kg at Pattikonda and Alur wholesale markets of Kurnool district after a bumper harvest and low demand, leaving farmers in tears. After transporting the produce to the market by incurring a huge cost, the farmers come to know that the prices have slumped a new low. Not knowing what to do — whether...
More »Legal Loopholes That Plague Land Titling in India -Karuna Maharaj
-TheWire.in The government needs to create a workable, inclusive system of land titling and records to allow land markets to function effectively and reduce judicial burden. Land is one of the most litigatious and controversial subjects in India. The lack of a proper system to maintain land records and provide persons with conclusive titles results in frequent and long drawn legal conflicts. Determining who the unchallenged land owner continues to be is...
More »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 »RBI May Be Either Holding Back Or Could Have Stopped Printing Rs 2,000 Notes, Says SBI Report
-Outlook The Reserve Bank of India (RBI) may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI Research report. Juxtaposing the data presented in the Lok Sabha recently with the one provided by RBI in its Annual Report earlier, the SBI Ecoflash report said today, "we observe" that the value of small denomination currency in circulation up to March 2017 was Rs 3,501...
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