-The Hindu Business Line Who would know better than Shaktikanta Das, the former secretary of the Department of Economic Affairs, the ‘Good, Bad, and Ugly’ side of demonetisation and GST, the two factors that disrupted the balance sheets of not only the government and corporates but also that of the common man. Das would like to call it “positive disruption” as he believes that the turbulence caused was short-term, and that...
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New territory, says Arun Jaitley as House passes Insolvency Bill -Rahul Tripathi
-The Indian Express Over-inclusive, says Chidambaram, it keeps out even those convicted of non-financial crime As Rajya Sabha cleared the Insolvency and Bankruptcy Code Amendment Bill Tuesday, Finance Minister Arun Jaitley said the government has entered unchartered territory and would continue to modify the law. “Insolvency and bankruptcy is an area in which it is only in recent years that we have chartered into. It is a learning experience,” Jaitley said in...
More »Punjab's farm loan waiver: Disquiet in Congress over party leaders being ignored in selection of beneficiaries -Kanchan Vasdev
-The Indian Express The state government has decided to roll out its scheme from Mansa on January 7 under which loans worth Rs 170 crore would be waived off formally. Punjab Chief Minister Amarinder Singh would be handing over the certificate to the farmers. Chandigarh: Punjab government’s farm loan waiver, which is to be rolled out to 40,000 farmers from five districts in Malwa on January 7, has many Congress leaders fuming...
More »Karnataka farmers seek more support as loan waiver fails to impress -Indulekha Aravind
-The Economic Times MANDYA (KARNATAKA): Lingappa is unsure of what the future holds for his family. The 53-year-old coconut farmer in Mandya in southern Karnataka couldn't sow anything on his one-acre field this year because there was not enough water. The trees that should have been bearing fruit are stripped bare by disease. In the midst of all this, he has to find money for his younger daughter's wedding in March....
More »Bhargavi Zaveri, senior research associate at the Indira Gandhi Institute of Development Research, interviewed by Nitin Sethi (Scroll.in)
-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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