Latest news with #RajeswariSengupta
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Business Standard
10 hours ago
- Business
- Business Standard
India's overzealous anti-dumping response may gradually fuel protectionism
Its liberal use of anti-dumping duties risks turning into protectionism - and may do more harm than good Rajeswari Sengupta Listen to This Article For years, several countries, including India, have worried about imports of cheap Chinese goods undermining local industries. These fears have grown in recent months due to rising United States-China trade tensions. As of June 16, the US has increased the effective tariff on Chinese imports to 55 per cent. The higher costs of selling to the US have raised concerns that China will dump its surplus goods in other markets. In response, many countries, including India, are using trade remedies such as anti-dumping duties (ADDs) to protect themselves. India is now the world's biggest user of ADDs — not only
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Business Standard
19-05-2025
- Business
- Business Standard
Bhushan Power and Steel case: A test for India's insolvency regime
In a major reversal, the Supreme Court ruled that the resolution plan for BPSL, approved by the committee of creditors (CoC) and cleared by both the insolvency and the appellate tribunals Premium Rajeswari Sengupta Listen to This Article The Supreme Court's recent decision to liquidate Bhushan Power and Steel Ltd (BPSL), five years after its resolution plan was approved and implemented, has sent shockwaves through India's financial and corporate sectors. By overturning JSW Steel's takeover of BPSL, the ruling has raised fresh questions about the Insolvency and Bankruptcy Code (IBC) and the institutions responsible for enforcing it. A landmark reversal In a major reversal, the Supreme Court ruled that the resolution plan for BPSL, approved by the committee of creditors (CoC) and cleared by both the insolvency and the appellate tribunals (National Company Law Tribunal, or NCLT, and
