-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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10 crore people drinking contaminated water in India
-PTI Over 10 crore people in the country are getting water contaminated with excess fluoride, the Lok Sabha was informed today. To deal with the problem, the central government has released Rs 800 crore so that community water purification PLAnts could be set up, Minister for Drinking Water and Sanitation Narendra Singh Tomar said during Question Hour. About 10.06 crore population living in 12,577 habitations in different states and union territories are getting...
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 »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 »Soon, body to look into comPLAints against police -Mallica Joshi
-The Indian Express The Supreme Court had, in 2006, ordered that a Police ComPLAints Authority be set up in each state to look into comPLAints against officers of the rank of Superintendent of Police and above New Delhi: A police ComPLAints Authority, which will look into grievances against police personnel, will be formed in Delhi soon. The Supreme Court had, in 2006, ordered that a Police ComPLAints Authority be set up...
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