-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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Madhya Pradesh, Rajasthan, Chhattisgarh declare drought in 52 districts -Sanjeeb Mukherjee
-Business Standard In MP, reports show sowing of wheat in the ongoing rabi season has been impacted due to low levels in reservoirs The governments of Chhattisgarh, Madhya Pradesh and Rajasthan have officially declared a drought in 270 tehsils spread across 52 districts this Kharif season, Parliament has been informed. So far in Chhattisgarh, 96 tehsils in 21 districts have been declared drought-hit. In MP, 133 tehsils in 18 districts. In Rajasthan, 41...
More »278 People Killed In Communal Violence In Last 3 Years, Highest In UP: Govt Tells Rajya Sabha
-Outlook A total of 278 people were killed in 2,098 communal incidents in different parts of the country in last THRee years, the Rajya Sabha was informed today. Minister of State for Home Hansraj Ahir said the highest number of 77 people were killed in Uttar Pradesh in 450 communal incidents in 2014-16, followed by Maharashtra where 32 people were killed in 270 such incidents. There were 197 incidents of communal violence in...
More »Immunise your children or you won't get food rations: Uttar Pradesh district THReatens poor families -Priyanka Vora
-Scroll.in Administrations are not supposed to cut off rations but health officials seem to think that the THReat will work. Experts denounce the measure. “Tikkakaran nahin toh khadyadhan nahin.” No vaccination, no ration. Rajwanti Devi Jaiswal, an Accredited Social Health Activist or ASHA in Uttar Pradesh’s Bahraich district repeated the slogan so often that it sounded like a chant. The district has one of the lowest child immunisation rates in India –...
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....
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