-Scroll.in A year after its launch, the new process that handles the recovery of crores of rupees of unpaid corporate debt is shrouded in opaqueness. India’s new insolvency and bankruptcy regime has been functioning for a year without any disclosure norms or mandatory transparency regulations. In the first year of its application, the regime is already dealing with more than 450 cases that add up to thousands of crores of rupees...
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Bamboo can be more profitable than sugarcane and rice! Check out how -Vivian Fernandes
-The Financial Express How about planting bamboo extensively along the Banks of the Yamuna to sequester the carbon from Delhi’s vehicle emissions? According to the World Bank, India’s per person emission of carbon dioxide was 1,730 kg a year in 2014. Another website says this has risen to 1,900 kg in 2016. Bharathi Namby, a scientist, says it will take just five bamboo plants a year to make an Indian carbon-neutral,...
More »NGT bans plastic along Ganga -Kautilya Singh
-The Times of India DEHRADUN: The National Green Tribunal imposed a complete ban on Friday on the use, sale, purchase and storage of plastic items like bags, plates and cutlery in towns located along the Banks of the Ganga from Haridwar to Gangotri, a stretch of about 140 kilometres. Major tourist attractions like Haridwar's Har-Ki-Pauri ghat and Rishikeshfall under the purview of the ban. The bench headed by NGT chairperson justice Swatanter...
More »FRDI Bill: Dispelling some myths about bail-in and other issues to allay depositors' concerns -Shohini Sengupta
-Firstpost.com The Financial Resolution and Deposit Insurance (FRDI) Bill proposes to create a framework for overseeing financial institutions such as Banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency. The 'Resolution Corporation', proposed in the draft bill, would look after the process and prevent the Banks from going bankrupt. It would do this by "writing down of the liabilities", a phrase some have interpreted as a...
More »Bank depositors' interests will be protected, assures PM
-The Hindu Business Line Blames UPA for NPA mess; says industry bodies should have been more vigilant New Delhi: Prime Minister Narendra Modi did not mince words when he addressed industry captains at the 90th Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry here on Wednesday. In a speech that lasted slightly over 45 minutes, Modi put to rest all concerns pertaining to use of individuals deposits for...
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