Best of BS Opinion: Strengthening IBC, happy stories for new year & more

Here is the best of Business Standard's opinion pieces for Wednesday

The implementation of the Insolvency and Bankruptcy Code is one of the biggest reforms in the financial sector in recent decades. Its implementation has undoubtedly improved the manner in which insolvency issues are addressed in India, though the overall results are still below expectation. But it is encouraging to see that the government is consistently working to strengthen the Code by addressing the emerging gaps. Last week it proposed another set of changes that would help address the insolvency issues more effectively by reducing delays. In this context, our lead editorial argues that, while strengthening the Code is important, the government should also consider augmenting capacity at the National Company Law Tribunal. Read here         

In other views:

Nitin Desai talks about the transformation in the Indian financial sector and what it means. Read here

Vanita Kohli-Khandekar shares happy stories from the media and entertainment business. Read here

QUOTE OF THE DAY

 

“Such persons [aged 60 years and above] are expected to obtain the advice of their doctor before deciding to avail of precaution dose.”

 

Union Health Ministry