This would not be fair to drag companies now in IBC that were hit by this shock, otherwise good and profitable companies. Every effort will be made to ensure that the productive capacity of the economy is not impaired, as a result of the one-time shock. This does not mean, cases from before, which were not viable, they don't have to go through IBC process,, they do. After arrangement of things we make, there will be some cases, where we will have to allow them to go through IBC process at future date. It is a art of the restructuring of the economy. Cannot be kept at bay for long. But as I said this one time shock should not cause a cascade that ends up and jams IBC process. so keeping both things in mind, a reasonable path will be found and so the IBC process remains in medium 7 long term the back bone of our ability to deal with non performing assets. But, yes one time sort of arrangement may be done. we have to be careful that we do not allow too much of … [Read more...] about Exclusive I Sanjeev Sanyal on economic recovery, IBC, financial doles, gold monetisation scheme and more
Protests civil rights movement
“During the 2014 election campaign, Mr. Modi slandered the United Progressive Alliance (UPA) government and the Environment Ministry for being an impediment to the nation’s growth,” she added. But, she said, “From the very start, the government has desperately sought to project an image of ‘Ease of Doing Business’ to the world, mindless of consequences. It formed multiple committees, diluted laws and regulations across the board, and opened up vast tracts of forest land to a select few in the private sector.” … [Read more...] about Sonia Gandhi slams Centre over draft EIA, says govt ‘must stop dismantling India’s environmental regulations’
Congress leader Rahul Gandhi on August 10 stepped up his attack on the Centre over the draft environment impact assessment (EIA), saying it must be withdrawn to stop "environmental destruction". Gandhi alleged that the aim of EIA 2020 draft was clear -- "loot of the nation". … [Read more...] about Rahul Gandhi says EIA draft must be withdrawn to stop ‘loot of the nation’
This is not to say that all noble attempts are ill-directed. The latest Negative List prepared by the MoD is distinct from earlier attempts like offsets. The list is prepared and available for stakeholders with much clarity. It lays out an estimated market (Rs 4,00,000 crore) for domestic private players. It has taken a pragmatic approach by listing out those products, which incidentally many of the Indian private sector companies were already involved earlier, but as sub-suppliers or junior partners. The intent is to make them transit from sub-suppliers’ to ‘prime contractors’. Importantly, the government has also decided to bifurcate capital procurement budget for FY 2020-21 between domestic and foreign capital procurement routes. An indicative figure of Rs 52,000 crore (roughly translating into about 45 percent of the total capital budget) is earmarked for the private sector for this year. … [Read more...] about Before celebrating the import embargo on military items, worth checking the results of the defence offsets
Joseph Thomas, Head of Research at Emkay Wealth Management, said the outflow may stabilise over the next few months. "While we may see the current trend continuing in the shorter term, the course may be steadied on the availability of more macro data in the coming months." … [Read more...] about Mutual funds bought 10 stocks and exited 9 in July, do you own any?