IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totalling 33.9 crore rupees due for the period from Sept 30 to Oct 4
Like China, India remains a big domestic market, which will continue to attract investment, but the US tariffs will make India unattractive for future investments.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Speaking at tri-service seminar, Major General SP Vishwasrao also said farmers’ protest, anti-CAA agitation & situation in Manipur was part of ‘larger ploy’ to destabilise India.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
The RBI is in a tough spot. It needs to protect the rupee, fight inflation, but not throw in the towel on growth either. To be perfectly fair, a 25 basis points increase would not have put out the raging fires either. India has been on a 24 / 7 election fighting mode for so long, we seem to have forgotten that there is something called an economy that needs to be helmed, mentored, managed.
The RBI is in a tough spot. It needs to protect the rupee, fight inflation, but not throw in the towel on growth either. To be perfectly fair, a 25 basis points increase would not have put out the raging fires either. India has been on a 24 / 7 election fighting mode for so long, we seem to have forgotten that there is something called an economy that needs to be helmed, mentored, managed.