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Finance Minister Nirmala Sitharaman chairs the pre-budget meeting with experts of water and sanitation sectors, at North Block in New Delhi, Friday.(PTI)

Centre extends IBC suspension till March

Livemint, New Delhi | By Gireesh Chandra Prasad and Shreya Nandi
PUBLISHED ON DEC 21, 2020 11:56 PM IST
The Insolvency and Bankruptcy Code (IBC) was initially suspended for six months from March 25, which was later extended by another three months ending December 24.
The long working hours in Lok Sabha took place on a day when the Rajya Sabha proceedings were adjourned without much work due to disruptions by Opposition MPs.(PTI)
The long working hours in Lok Sabha took place on a day when the Rajya Sabha proceedings were adjourned without much work due to disruptions by Opposition MPs.(PTI)

LS approves strict foreign funding rules, works beyond midnight

Hindustan Times, New Delhi | By HT Correspondent, New Delhi
PUBLISHED ON SEP 22, 2020 02:11 AM IST
The Lok Sabha passed the Foreign Contribution (Regulation) Amendment Bill, 2020 aimed at making rules governing the foreign funding of non-government organisations (NGOs) more stringent and also mandating Aadhaar for all office bearers of these organisations.
Finance minister Nirmala Sitharaman told the house that the ordinance was issued to provide “immediate relief” to companies as the government had to prevent companies, stressed due to Covid-19, from being pushed into insolvency.(PTI PHOTO.)
Finance minister Nirmala Sitharaman told the house that the ordinance was issued to provide “immediate relief” to companies as the government had to prevent companies, stressed due to Covid-19, from being pushed into insolvency.(PTI PHOTO.)

Lok Sabha passes amendment in Insolvency and Bankruptcy Code for firms under stress due to Covid-19

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 21, 2020 09:07 PM IST
The Rajya Sabha passed the bill on Saturday. The bill seeks to replace an ordinance promulgated to provide relief to pandemic-hit firms in June this year.
Finance minister Nirmala Sitharaman speaks in the Rajya Sabha on Saturday.(PTI)
Finance minister Nirmala Sitharaman speaks in the Rajya Sabha on Saturday.(PTI)

Parliament monsoon session: RS passes insolvency, bankruptcy bill

Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON SEP 19, 2020 12:30 PM IST
Union Finance Minister Nirmala Sitharaman had moved the Bill for consideration and passing in the Upper House. The bill is aimed at replacing the Insolvency and Bankruptcy Code (Amendment) Ordinance 2020
The court, however, did not mention the order reserved on the staggered payment of dues by Vodafone Idea Ltd, Bharti Airtel Ltd and Tata Teleservices.(Amal KS/HT PHOTO)
The court, however, did not mention the order reserved on the staggered payment of dues by Vodafone Idea Ltd, Bharti Airtel Ltd and Tata Teleservices.(Amal KS/HT PHOTO)

Chart plan to recover AGR dues: Supreme Court

Hindustan Times, New Delhi | By Ishita Guha and Japnam Bindra
UPDATED ON AUG 11, 2020 04:52 AM IST
While observing that recovery of dues may not be possible from telcos undergoing insolvency, the apex court asked the government whether spectrum can be sold under the Insolvency and Bankruptcy Code (IBC). The case has been adjourned to August 14.
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)

For MFs, recovery of risky assets turn bleak

Hindustan Times, Mumbai | By Jayshree P. Upadhyay and Neil Borate
PUBLISHED ON JUN 08, 2020 05:02 AM IST
Side-pockets, or a segregated portfolio, ensures money invested in MF debt schemes, linked to stressed assets, gets locked until the fund recovers the cash from the company.
Finance minister Nirmala Sitharaman’s announcements are thus being met with relief, though some ambiguity remains(Hindustan Times)
Finance minister Nirmala Sitharaman’s announcements are thus being met with relief, though some ambiguity remains(Hindustan Times)

In its approach to the IBC, the government got it right| Analysis

By Anurag Das
UPDATED ON MAY 20, 2020 08:58 PM IST
Instead of a blanket suspension, it went for a calibrated suspension. It will help India gain over other jurisdictions
Reserve Bank of India Governor Shanktikanta Das RBI can opt for some changes to help keep the central bank’s regulation top notch(Pradeep Gaur/Mint)
Reserve Bank of India Governor Shanktikanta Das RBI can opt for some changes to help keep the central bank’s regulation top notch(Pradeep Gaur/Mint)

Some options for the RBI as it preps to kickstart post-Covid economy | Opinion

By Saket Misra
UPDATED ON APR 14, 2020 05:47 PM IST
RBI Governor Shanktikanta Das RBI will have to balance often contradictory priorities and on a gigantic scale. Some changes will help
A distress-ridden rural and informal sector has the potential of triggering a contagion in the formal economy as well(Ajay Aggarwal/HT PHOTO)
A distress-ridden rural and informal sector has the potential of triggering a contagion in the formal economy as well(Ajay Aggarwal/HT PHOTO)

What the Union Budget did not say | Opinion

Hindustan Times | By Roshan Kishore
UPDATED ON SEP 06, 2020 05:36 PM IST
The focus should have been on rejuvenating the informal economy, not the vision of formalisation
Prime Minister Narendra Modi poses for a group photo with Reliance Industries chairman Mukesh Ambani, Tata Group patriarch Ratan Tata, Business tycoon Anand Mahindra and others during an interaction with leading business leaders, in New Delhi, Jan. 6, 2020.(PTI)
Prime Minister Narendra Modi poses for a group photo with Reliance Industries chairman Mukesh Ambani, Tata Group patriarch Ratan Tata, Business tycoon Anand Mahindra and others during an interaction with leading business leaders, in New Delhi, Jan. 6, 2020.(PTI)

‘Go ahead with new energy’: PM Modi tells India Inc to invest boldly despite slowdown

Livemint, New Delhi | By Shreya Nandi
UPDATED ON JAN 07, 2020 06:34 AM IST
The prime minister’s comments assume significance amid a deep downturn in the economy, led by sluggish consumption, and subdued private investment in the country.
It was a poor budget, but the government did well in rolling back key proposals(ANI)
It was a poor budget, but the government did well in rolling back key proposals(ANI)

What worked for the economy in 2019 | Opinion

By Shekhar Gupta
UPDATED ON JAN 01, 2020 08:46 AM IST
Despite the bleak indicators, there were 10 positive developments, giving hope for the future
The Union Cabinet on Wednesday approved key amendments to the Insolvency and Bankruptcy Code (IBC) Bill. (Photo by Sunil Ghosh / Hindustan Times)
The Union Cabinet on Wednesday approved key amendments to the Insolvency and Bankruptcy Code (IBC) Bill. (Photo by Sunil Ghosh / Hindustan Times)

How tweaks in IBC and partial credit guarantee scheme affect real estate sector

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 12, 2019 11:49 AM IST
According to one of the amendments, financial creditors will now have to meet an additional threshold to take a company to bankruptcy court.
Nifty, Sensex end higher as banks surge(REUTERS)
Nifty, Sensex end higher as banks surge(REUTERS)

Nifty, Sensex end higher as banks surge; telecom stocks jump on price hike plan

Reuters | By Reuters
UPDATED ON NOV 19, 2019 04:04 PM IST
The Supreme Court of India on Friday cleared the path for steelmaker ArcelorMittal SA to take over bankrupt Essar Steel, and the judgment comes as a big reprieve for banks which are struggling with bad loans worth $140 billion.
Last week, the government lowered the corporate tax to 22 per cent from 30 per cent and there has been a clamour for raising income tax exemption limit to push demand and consumption with a view to fuel economy.(PTI)
Last week, the government lowered the corporate tax to 22 per cent from 30 per cent and there has been a clamour for raising income tax exemption limit to push demand and consumption with a view to fuel economy.(PTI)

‘When time arises’: Anurag Thakur on govt deciding on income tax relief

New Delhi | By Press Trust of India
UPDATED ON SEP 26, 2019 10:30 PM IST
With regard to curbs on Punjab & Maharashtra Co-operative Bank (PMC Bank) by the RBI, the minister said the central bank has its own role in the country and it does its job well.
Jet Airways founder Naresh Goyal(Reuters file photo)
Jet Airways founder Naresh Goyal(Reuters file photo)

Jet Airways founder Naresh Goyal being grilled by Enforcement Directorate

Hindustan Times, Mumbai | By Pratik Salunke
UPDATED ON SEP 06, 2019 04:38 PM IST
The Enforcement Directorate (ED) had recently conducted searches at about a dozen premises of Naresh Goyal and his associates in New Delhi and Mumbai.
The National Company Law Tribunal (NCLT) has ordered start of insolvency proceedings against Delhi NCR-based realty firm Three C Projects Ltd(Getty Images/iStockphoto)
The National Company Law Tribunal (NCLT) has ordered start of insolvency proceedings against Delhi NCR-based realty firm Three C Projects Ltd(Getty Images/iStockphoto)

NCLT directs insolvency proceedings against realty firm Three C Projects

Press Trust of India | By Press Trust of India
UPDATED ON AUG 30, 2019 11:40 AM IST
A two-member principal bench, headed by President Justice M M Kumar, admitted a plea filed by five flat buyers who had booked homes in the company’s Lotus Zing project in Noida, Uttar Pradesh.
In 2014, the National Democratic Alliance (NDA) inherited an economy which was struggling with over-leveraged companies and banks saddled with a mountain of toxic assets.(HT image)
In 2014, the National Democratic Alliance (NDA) inherited an economy which was struggling with over-leveraged companies and banks saddled with a mountain of toxic assets.(HT image)

What changed for businesses, people during Arun Jaitley’s watch

Hindustan Times, New Delhi | By Gireesh Chandra Prasad
UPDATED ON AUG 25, 2019 10:14 AM IST
In a Facebook post on 1 July this year on the completion of two years of GST, Jaitley described obstacles to India’s biggest tax reform since independence.
The Enforcement Directorate conducted searches on Friday at the premises of Jet Airways founder Naresh Goyal in connection with a case of alleged contravention of the foreign exchange law.(REUTERS)
The Enforcement Directorate conducted searches on Friday at the premises of Jet Airways founder Naresh Goyal in connection with a case of alleged contravention of the foreign exchange law.(REUTERS)

ED conducts raids at Jet founder Naresh Goyal’s premises

New Delhi/Mumbai | By HT Correspondents
UPDATED ON AUG 24, 2019 01:41 AM IST
They said the searches are being carried out under the provisions of the Foreign Exchange Management Act (FEMA) and are aimed at gathering additional evidence.
RBI has lowered its growth projections for the first half of the year sharply.(Aniruddha Chowdhury /Mint)
RBI has lowered its growth projections for the first half of the year sharply.(Aniruddha Chowdhury /Mint)

RBI has done its bit, now over to the government

By Ila Patnaik
UPDATED ON AUG 08, 2019 08:50 AM IST
The general sense of gloom in business needs to change before we can expect economic growth.
Parliament Live Updates. (ANI Photo)
Parliament Live Updates. (ANI Photo)

Parliament highlights: Nirmala Sitharaman moves Insolvency bill in Lok Sabha

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 01, 2019 09:27 PM IST

Minister of Finance Nirmala Sitharaman moved the Insolvency and Bankruptcy Code (Amendment) Bill, 2019 in Lok Sabha on Thursday, while Minister of Tourism, Prahalad Singh Patel, was expected to move the Jallianwala Bagh National Memorial (Amendment) Bill, 2019.In Rajya Sabha, Minister of Health and Family Welfare Harsh Vardhan tables the The National Medical Commission Bill, 2019. This bill will provide a better quality medical education and also make it affordable.Home Minister Amit Shah will move that The Unlawful Activities (Prevention) Amendment Bill, 1967 be further amended.Highlights:

Lower House cleared the Triple Talaq bill.(AFP)
Lower House cleared the Triple Talaq bill.(AFP)

As session gets extra time, govt eyes passage of labour code and key bills

New Delhi | By HT Correspondent
UPDATED ON JUL 26, 2019 03:17 AM IST
Minutes after the Lower House cleared the Triple Talaq bill, parliamentary affairs minister Pralhad Joshi placed the proposal of extension which was immediately accepted.
The amendments are aimed at speeding up the bankruptcy resolution process that has been mired in litigation and correcting anomalies that have crept into its functioning since the law came into force in 2016.(HT Photo)
The amendments are aimed at speeding up the bankruptcy resolution process that has been mired in litigation and correcting anomalies that have crept into its functioning since the law came into force in 2016.(HT Photo)

Government okays tweaks to IBC for easier debt resolution

Hindustan Times, New Delhi | By Gireesh Chandra Prasad
UPDATED ON JUL 18, 2019 12:24 AM IST
The eight amendments to the Insolvency and Bankruptcy Code (IBC) will also aid decision-making in the case of bankrupt entities such as property developers, which have a large number of creditors, including homebuyers.
Nirmala Sitharaman listed out various measures to spur investment, raise household savings and achieve the mid-term goal of India becoming a $5 trillion economy.(Arvind Yadav/HT PHOTO)
Nirmala Sitharaman listed out various measures to spur investment, raise household savings and achieve the mid-term goal of India becoming a $5 trillion economy.(Arvind Yadav/HT PHOTO)

Nirmala Sitharaman counters Chidambaram

New Delhi | By HT Correspondent
UPDATED ON JUL 12, 2019 11:51 PM IST
Nirmala Sitharaman, in her reply on Budget in the Upper House, hit out at P. Chidamabaram by saying that he had not made like-to-like comparison over income tax and custom duty collections, which perhaps led him to wrong conclusions.
According to the petitioners, the IBC law — passed in 2018 — does not guarantee the interests of homebuyers in case a project cannot be revived and has to be liquidated. (Pradeep Gaur/ Mint)
According to the petitioners, the IBC law — passed in 2018 — does not guarantee the interests of homebuyers in case a project cannot be revived and has to be liquidated. (Pradeep Gaur/ Mint)

SC asks Centre for ‘uniform’ plan to protect homebuyers

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUL 09, 2019 11:15 PM IST
The bench of justices AM Khanwilkar and Dinesh Maheshwari made the remark while hearing a petition filed by homebuyers who invested in projects by Jaypee Infratech Limited (JIL) but suggested a mechanism could be worked out to help cases involving other realtors as well.
Finance Minister Nirmala Sitharaman Friday announced that the government will pump in 70,000 crore into public sector banks (PSBs) to strengthen them and enhance their lending capacity.(ANI Twitter)
Finance Minister Nirmala Sitharaman Friday announced that the government will pump in 70,000 crore into public sector banks (PSBs) to strengthen them and enhance their lending capacity.(ANI Twitter)

Budget 2019: Govt to infuse Rs 70,000 crore into state-owned banks

New Delhi | By Press Trust of India
UPDATED ON JUL 05, 2019 01:02 PM IST
Unveiling Budget 2019-20, Nirmala Sitharaman said non-performing assets of PSBs have come down by Rs 1 lakh crore.
The Indian economy’s biggest vulnerability is oil, and in its first term, the Modi-led government benefited from a benign global oil-price regime. That isn’t available to the new government(PTI)
The Indian economy’s biggest vulnerability is oil, and in its first term, the Modi-led government benefited from a benign global oil-price regime. That isn’t available to the new government(PTI)

Build the budget around government spending

Hindustan Times | By Chanakya
UPDATED ON JUN 08, 2019 06:10 PM IST
In India’s boom years ahead of the 2008-09 economic crisis, it was investment, albeit private, that powered growth. With the export market under significant squeeze today compared to what it was before the crisis, one important driver for private investment is missing
Narendra Modi managed to create history by becoming India’s first reformist prime minister to be voted back to power, and that too, with a bigger mandate(AFP)
Narendra Modi managed to create history by becoming India’s first reformist prime minister to be voted back to power, and that too, with a bigger mandate(AFP)

Modi won because he delivered on his promises

By Arvind Gupta
UPDATED ON JUN 05, 2019 06:52 PM IST
The key takeaway from the verdict is that governance is here to stay, and identity politics is on its last legs
Prime Minister Narendra Modi received a historic, decisive mandate. With their vote, the people clearly demonstrated their faith that he can deliver on the issues they care about(Raj K Raj/HT PHOTO)
Prime Minister Narendra Modi received a historic, decisive mandate. With their vote, the people clearly demonstrated their faith that he can deliver on the issues they care about(Raj K Raj/HT PHOTO)

Modi must now create a strong investment environment

By Ajay Banga
UPDATED ON MAY 30, 2019 08:28 PM IST
When the goals are shared and the definition of success and path forward are clear, public-private partnerships become a powerful tool in moving agendas from promise to impact
One of our biggest challenges is to create enough jobs for India’s growing work force. The NDA’s emphasis on upgrading our dated academic curricula to focus on innovation, research and emerging technologies like Artificial Intelligence, Internet of Things and Blockchain, besides setting up nationwide training centres, will equip the youth with the right skill set(Bloomberg)
One of our biggest challenges is to create enough jobs for India’s growing work force. The NDA’s emphasis on upgrading our dated academic curricula to focus on innovation, research and emerging technologies like Artificial Intelligence, Internet of Things and Blockchain, besides setting up nationwide training centres, will equip the youth with the right skill set(Bloomberg)

BJP has helped the middle class realise its aspirations

By Sumant Sinha
PUBLISHED ON APR 24, 2019 08:48 PM IST
By creating a robust fiscal architecture, arresting inflation, and improving ease of business, it has ensured growth
Jet Airways, which turned 25 last year, has been, for at least a decade now, unrecognisable from the one that delighted Indians with its service standards in the 1990s and the early 2000s(Abhijit Bhatlekar/Mint)
Jet Airways, which turned 25 last year, has been, for at least a decade now, unrecognisable from the one that delighted Indians with its service standards in the 1990s and the early 2000s(Abhijit Bhatlekar/Mint)

Jet is case of throwing good money after bad

Hindustan Times | By HT Correspondent
UPDATED ON APR 18, 2019 08:01 PM IST
The insolvency and bankruptcy code may be the answer to the airline’s crisis
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