Loan default is a civil offence in India, but several defaulting farmers have been booked under criminal charges, which perhaps explains the Congress manifesto.
As slogans like ‘Main bhi chowkidar’ and ‘Chowkidar chor hai’ occupy voters' mindspace, the Congress' Tuesday released its ambitious manifesto, which PM Modi called a 'deception document'.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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