Page 37 - Ruchika Chitravanshi

IBC yet to address resolution for insolvencies of group companies

Group insolvency remains an ill-defined area in the IBC. Here's why it needs a clear framework

Govt appoints Arvind Panagariya as chairman of 16th Finance Commission

D K Srivastava, a member of the 12th Finance Commission, said Panagariya is well suited for the job as he has a very good understanding of the Indian economy and looked after the Niti Aayog

NARCL, PSBs should work to expedite on-boarding of stressed accounts: FM

The Finance Minister, during the review meeting, also asked the banks to put more effort into recovery from accounts declared as fraud and wilful default while also monitoring early warning signals

Govt's prudent fiscal policy to support economic growth: FinMin review

The FinMin report also highlighted that the relatively stable Indian rupee against the US dollar and other prominent currencies, and adequate foreign exchange reserves, add to the optimism

Fiscal deficit contained at 50.7% of FY24 budget estimate in Apr-Nov

The Government, CGA data indicates, is moving towards fiscal consolidation, with improved tax collections compared to the April-October period and compressed capital expenditure

India to become largest economic superpower by end of century: CEBR

India is expected to overtake both China and the US after 2080, based on demographic estimates and projections

2023: A year when G20 helped India solidify its place on world stage

India's focus to be the voice of Global South has earned it support in region. Some experts believe it has even changed the structure of G20 into a development organisation and not just an elite club

MCA planning new portal to streamline IBC cases, boost transparency

The IBBI would also be able to keep track of the happenings in the NCLT through this portal

NFRA finds deficiencies in audit quality inspection of Big four firms

In its firm-wide review of audit control systems of BSR & Co, the Authority found that the firm's claim of being independent from KPMG India entities was unacceptable

FinMin clears stance on IMF's report on govt debt, says it has declined

The International Monetary Fund (IMF) had warned in its report that India's general government debt could exceed 100 per cent of gross domestic product (GDP) in the medium term

Centre releases additional Rs 73k crore tax devolution to states

Money released for financing social welfare measures and infrastructure development: Finance Ministry

Must maintain momentum on policy guidance in G20 Delhi declaration: CEA

Strengthening multilateral development banks for the 21st century

India tops remittances table with $125 bn inflows: World Bank report

Inflation declining and strong labour markets in high-income source countries boosted transfers by highly skilled Indians, it says

Centre likely to review IBC Bill only after 2024 general elections

The decision to revisit the proposed amendment Bill is also in the backdrop of frequent amendments that the IBC has undergone since its introduction in 2016. The law has been changed six times so far

Fiscal prudence is govt's top priority, says FM Nirmala Sitharaman

The Lok Sabha approved the additional gross spending of Rs 1.29 trillion, which includes net cash outgo of Rs 58,378 crore

India becoming middle income country within realms of possibility: NK Singh

Talking about the challenges that India needs to address, he stressed the need for ensuring the sanctity of contracts across governance

Optimism should not cause premature triumphalism: CEA Nageswaran

India's growth engine can become faster and accelerate if the much-awaited private sector capital formation kicks into a higher gear, he said

Optimism should not cause premature triumphalism: CEA Nageswaran

India's growth engine can become faster and accelerate if the much-awaited private sector capital formation kicks into a higher gear, he said

FY24 should conclude as projected with strong growth: Finance ministry

The government is also confident of achieving the budgeted deficit target for the current fiscal year

Virtual G20 leaders' summit: Development, global challenges on agenda

"What we decided on green development facts will drive the outcomes of COP28," Kant said