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September 1, 2018
Haircut for the Lenders Under Insolvency and Bankruptcy Code!
When the Bill for ‘Insolvency and Bankruptcy Code, 2016’ was passed in parliament in May 2016, it was hailed as the biggest economic reform, only next to GST, by the current government. The Insolvency and Bankruptcy Code, 2016 consolidated and amended various laws relating to insolvency resolution o...
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September 1, 2018
Banking in the Dilemma of Recovery
Presently the Indian Banking is passing through a deep crisis mainly on account of mounting Non-Performing Assets, which were unfolded after the Assets Quality Inspection by the RBI at the instance of the then RBI Governor Raghuram Rajan. The growth in NPA was phenomenal. Non-Performing Assets as on...
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January 25, 2019
25 Years of Independent Accountability Mechanisms
This year, the Inspection Panel, the accountability mechanism of the World Bank, is completing 25 years. The World Bank’s failure to comply with its operating policies was seen by the entire world in the Bank’s financing of the Sardar Sarovar Dam project on River Narmada. In the 1980s, the tenacity ...
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