The NCLT and NCLAT, created as landmark reforms in 2016, are now being castigated by the Supreme Court for having “got down to a rot”. It’s long been known the two bodies have become more impediments than accelerants. The court’s words should now spur them to overhaul the administrative quagmire.
In light of the recent criticisms, it is essential for the NCLT and NCLAT to consider the broader implications of their operational reforms. The proposed reforms for the insolvency regime could serve as a valuable reference point for enhancing their own administrative frameworks.
A 7% hike for wheat MSP is paltry. Ill-informed farm law opponents have left farmers at govt mercy
The paltry 7% hike in wheat MSP, even if it’s the highest since 2014, barely covers inflation. If pricing was left to the markets, farmers would have received more adequate remuneration. As it happens, though, ill-informed opponents of farm laws have left the farmers at the mercy of the government.