Bankruptcy Law

Urjit Patel says it's not economists job to forecast crises but to explain how mankind behaves

Economists badly criticised for the 2008 global financial crisis saying they had failed to predict the catastrophe on time.

Four years of NDA: After 1,460 days of Narendra Modi rule, 'achhe din' yet to come, feel experts

Overall the promise of the golden pot at the end of the five-year rainbow, as promised by Modi in his of speeches -- where he had painted the BJP rule in attractive hues -- has not materialised in four years. BJP's best salesman may have oversold the hope.

NCLT allows Ericsson's insolvency plea against Reliance Communications; will delay Anil Ambani-led firm's plan to sell assets

Ericsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide telecom's network, is seeking 11.55 billion rupees ($170 million) from the company and two of its subsidiaries.

Narrative-peddlers should take a break; Indian economy is not in as bad a shape as is being claimed

However, slow nursing of the economy back to health is possible only if it has not been irrevocably grounded, as former finance minister Yashwant Sinha has alleged.

Arun Jaitley to defaulter companies: Pay dues or allow others to take control of business

Jaitley said the government was open to providing more capital to banks but cleaning up stressed loans was bigger priority.

Gujarat HC order on Essar Steel is good news but hope of defusing bad loan bomb by 2019 is wishful

There isn’t the required infrastructure in place as of now to initiate a large number of bad loan cases, involving huge amounts, where no significant repayment has been made for years

RBI deputy Viral Acharya says 'bad bank' could help if designed right

In its economic survey released on 31 January, the finance ministry suggested setting up a bad bank that it said could be used to buy bad loans from the banks and deal with them through methods including conversion of debt to equity.

From growth trend to black money menace: 10 parameters to assess Arun Jaitley's 2017 budget

The government no more enjoys the luxury of being able to initiate harsh reform measures as it is hardly a couple of years away from the 2019 polls.

Moody's expects India's growth to top 7.7% this fiscal

Moody's saw India's credit rating materialising in the medium term based on reforms

Two years of Modi: Reforms on track but toughest economic tasks still pending

In the next three years, the government should enhance the reform task to food, fertilizer and other government benefits to the poor