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Nearly a decade into its existence, IBC framework needs to be reimagined
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Raghu Mohan Abhijit Lele
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'A comprehensive law like the IBC is often viewed as a last resort by lenders — an avenue that needs to be explored after exhausting all alternatives. However, this view stems from the lack of a comprehensive vision for the future of a beleaguered borrower,' noted Rajeshwar Rao, deputy governor, Reserve Bank of India (RBI), at a conference on bankruptcy in Ahmedabad (May 6, 2022). His observation — five years after the Insolvency and Bankruptcy Code came into being — was a pointer to the convergence of opinion that outcomes under this architecture have not turned out the way it
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Time of India
28 minutes ago
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At 2.1%, retail inflation falls to over 6-year low in June
Representative image NEW DELHI: Retail inflation slumped to a 77-month low in June, led by a sharp moderation in food inflation, prompting some experts to say that a rate cut in the Aug meeting of the Reserve Bank of India 's monetary policy committee may not be ruled out. Data released by the National Statistics Office (NSO) on Monday showed that retail inflation, as measured by the consumer price index ( CPI ), rose by an annual 2.1 per cent in June, slower than the 2.8 per cent recorded in May. There was a decline of 72 basis points in the inflation of June compared to May, marking the lowest year-on-year inflation since January 2019. This is the eighth consecutive month that retail inflation has moderated. Food inflation, as measured by the all-India consumer food price index, fell by 1.1 per cent. There was a sharp decline of 205 basis points in food inflation in June compared to May 2025, and the food inflation in June was the lowest since January 2019, according to the statistics office data. Rural inflation was lower at 1.7 per cent in June compared to urban inflation, which was recorded at 2.6 per cent. Vegetables inflation during June was at -19 per cent, while pulses and products fell by 11.8 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Food and beverages inflation was at -0.2 per cent during June. "We are not ruling out the possibility of a final 25 basis points rate cut in the Aug 2025 meeting, carrying forward the front-loading seen in June 2025," said Aditi Nayar, chief economist at ratings agency Icra. She added that the agency expects CPI inflation to recede further and bottom out at 1.9 per cent in July 2025, despite an unfavourable base. Separate data released by the commerce and industry ministry showed wholesale price inflation entering the deflation territory at -0.1 per cent in June, led by a deflation in food and fuel. The negative rate of inflation in June is primarily due to a decrease in prices of food articles, mineral oils, manufacture of basic metals, crude petroleum, and natural gas, the ministry said. "Headline deflation was largely driven by deeper deflation in food and fuel WPI. Of the approximately 52 basis points fall in headline WPI year-on-year in June versus May, approximately 33 basis points (64 per cent) was on account of deeper food deflation, with another negative 5 basis points from fuel and power WPI," said a note from Barclays. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Indian Express
42 minutes ago
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Best of BS Opinion: From Delhi's IBC fix to Bengal's industrial reset bid
It always starts with a few raindrops. A hesitant drizzle tapping gently on windowpanes, the scent of damp earth rushing through the air, the sky unsure whether to break open or pull back. You pause. Look up. And somehow, instinctively, you know: the season is changing. The first signs of transformation rarely arrive with fanfare. They slip into our routines, barely noticed, easily dismissed, yet carry the weight of larger shifts. Similarly, across India's boardrooms, legislative halls, and corridors of power, we see such signs: tentative, scattered, but unmistakably signalling that something deeper is afoot. Let's dive in. In Delhi, the government seems ready to admit that the Insolvency and Bankruptcy Code needs more than minor tweaks. As our first editorial outlines, the Parliamentary Standing Committee has recommended exclusive NCLT and NCLAT benches to unclog IBC's resolution process, where cases drag nearly twice the permitted limit. The hope? With amendments expected in the Monsoon Session, this might just be the breeze before the downpour. In Bengal, too, the air is thick with irony and anticipation. Mamata Banerjee, once the fiercest critic of Tata's industrial push in Singur, is now seeking their investment ahead of state elections. But as our second editorial shows, a single meeting with N Chandrasekaran won't undo years of investor scepticism. Wooing investors is only half the job. Bengal must also tackle its deep-rooted anti-industry perceptions if it wants more than token showers of investment. Meanwhile, Akash Prakash raises a thunderous question: Why are Indian entrepreneurs afraid to take long-term risks? Our obsession with margins and capital efficiency, he argues, is holding us back from global dominance. Unlike China or the US, our ecosystem still chases safe returns, not disruptive scale. A cultural shift in capital allocation might be India Inc's most urgent stormcloud. Yet, opportunity beckons. Rajeswari Sengupta writes that a rare trade window has opened: the US-China tariff war offers India a low-barrier shot at becoming a global manufacturing hub. But unless we act fast to fix domestic bottlenecks, this chance may evaporate like steam off hot asphalt.
