 "8% annual growth needed for GDP to touch $5 trn by FY25: Economic Survey")
The term “structural reform” is at the heart of political debate -- it is the phrase over which lead Opposition speaker in the Rajya Sabha and former Finance Minister P Chidambaram and current Finance Minister Nirmala Sitharaman sparred after the Budget Speech. Meanwhile, the one piece of structural reform that the NDA government truly executed from scratch — the Insolvency and Bankruptcy Code, 2016 (IBC) — is once again crying for attention.
Lauded and feted by bankers, lawyers and judges as a “game changer”, the IBC is now facing yet another challenge. This law that was essentially meant to enable smooth
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