Latest news with #RuchikaChitravanshi
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Business Standard
2 days ago
- Business
- Business Standard
Parliamentary panel to review IBC and propose reforms for efficiency
The Centre is expected to table an amendment Bill in the monsoon session as a parliamentary panel examines the Code amid concerns flagged by the Supreme Court Ruchika Chitravanshi New Delhi Listen to This Article A parliamentary panel is taking a comprehensive look at the Insolvency and Bankruptcy Code (IBC) to suggest the changes and measures that need to be taken to make it more efficient, a senior government official said. 'The committee is looking at IBC in totality, just as they did with the Competition Law as well,' the senior official said. The government is expected to bring the IBC Amendment Bill in Parliament in the upcoming monsoon session. Several Supreme Court rulings in the recent past have pointed to gaps in the implementation of the IBC, the latest being the Bhushan Power and
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Business Standard
27-05-2025
- Business
- Business Standard
Tariff suspense a key risk to Indian economy, says finance ministry
FinMin report flags India Inc's foreign investments Ruchika Chitravanshi Delhi Listen to This Article The risk of renewed trade barriers, after the 90-day pause on the 26 per cent tariff on Indian exports to the US expires on July 9, remains a key external vulnerability, and the outcome of a pause in the US-China reciprocal tariffs will also be important for the Indian economy, the Finance Ministry noted on Tuesday. However, a successful US-India trade agreement could 'flip current headwinds into tailwinds, opening up new market access and energising exports', officials from the economic division of the Department of Economic Affairs wrote in the monthly economic review for April. Prolonged uncertainty around trade
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Business Standard
27-05-2025
- Business
- Business Standard
National security: How India can secure much-needed funds for defence
Experts say increasing the defence budget as a share of GDP even by ten basis points could significantly increase access to funds Ruchika Chitravanshi Bhaswar Kumar Delhi Listen to This Article Following the national security challenges that emerged after the Pulwama terror attack in February 2019, the National Democratic Alliance (NDA) government that year issued additional terms of reference for the 15th Finance Commission (FFC). In July 2019, as part of the reference, the finance ministry asked the FFC to examine whether a separate mechanism for funding defence and internal security ought to be set up and, if so, how such a mechanism should be operationalised. Six years later, in the wake of the Pahalgam terrorist attack on April 22 and subsequent military conflict between India and Pakistan after the Indian
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Business Standard
16-05-2025
- Business
- Business Standard
MCA likely to widen PM Internship Scheme beyond top 500 companies
The age for joining the scheme, according to sources, is also likely to be brought down to accommodate applicants coming from industrial training institutes and polytechnics Premium Ruchika Chitravanshi New Delhi Listen to This Article In order to widen the ambit of the Prime Minister Internship Scheme, now running as a pilot programme, the Ministry of Corporate Affairs (MCA) has started consultations for preparing a Cabinet note on the matter, according to people in the know. The MCA is likely to allow all companies engaged in Corporate Social Responsibility (CSR) to take part in the scheme, and not restrict it to just the top 500. The age for joining the scheme, according to sources, is also likely to be brought down to accommodate applicants coming from industrial training institutes and polytechnics. 'Lessons from the two
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Business Standard
12-05-2025
- Business
- Business Standard
Big Four rejig IBC verticals with fewer insolvency cases getting filed
Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84 Ruchika Chitravanshi New Delhi Listen to This Article A decline in the initiation of the corporate insolvency process last year is spurring most Big Four firms to rethink and rejig their insolvency verticals to focus on business beyond Insolvency and Bankruptcy Code (IBC), industry experts said. Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84. Those filed by operational creditors too also reduced from 79 to 38. Consultants in Big Four firms point out that stressed assets have come down significantly. According to data from the finance ministry, the banking sector's gross non-performing assets
