Source: Indian Express Synopsis: Factoring law amendments have been cleared in both Houses of Parliament in the current session. This will enable nearly 9,000 NBFCs to participate in the factoring market instead of just seven now. Background Read here: https://forumias.com/blog/how-the-factoring-business-can-help-small-companies/ Benefits to small businesses: new Points It will significantly boost funding availability for MSMEs, lower… Continue reading MSME liquidity line set to widen as more NBFCs start ‘factoring’
Author: Ram Manohar
Our bankruptcy code deserves credit for what it has achieved
Source: Live Mint Synopsis: An examination of the IBC’s record on resolving cases of business insolvency reveals greater success than critics acknowledge Background Analysis of IBC’s performance: Added points A good insolvency system cannot be judged by the number of companies being liquidated. Because the purpose of insolvency law is to swiftly liquidate firms that… Continue reading Our bankruptcy code deserves credit for what it has achieved
A cycle of low growth, higher inflation
Source: The Hindu Synopsis: Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery Background Some economists are of the opinion that the Government should not intervene with the economy and that it will revive by itself. These economists’ reason that, like after the Great Depression, the… Continue reading A cycle of low growth, higher inflation
No Fossil Fuels as Usual
Source: Indian Express Synopsis: The article suggests redefining the supply-side priorities of the Ministry of Petroleum and Natural Gas in the face of the imperatives of atmanirbharta. Introduction: The spread and speed of the destruction caused by climate change in recent weeks present a policy dilemma. Indian economy is dependent on fossil fuels, and there is… Continue reading No Fossil Fuels as Usual
Patchwork progress
Source: The Hindu Synopsis: The Government has recently introduced changes to 1961 Deposit Insurance and Credit Guarantee Corporation law. Background Read here: https://forumias.com/blog/changes-to-deposit-insurance/ Benefits for depositors: Added Points As per RBI data, ₹76.21 lakh crore or almost 51% of deposits are now insured, but 98.3% of all accounts have balances of ₹5 lakh or less,… Continue reading Patchwork progress
Quotas don’t solve what’s really wrong with education
Source: Times of India Synopsis: Recently, the government announced 27% reservation for OBC and 10% for EWS candidates in the all-India quota for medical admissions. Introduction: The proportional increase in overall seats continues the trend of entrenching reservations. Now this government can claim bragging rights, just like in 2006 government did after introducing OBC reservations in… Continue reading Quotas don’t solve what’s really wrong with education
How a Supreme court order could render the new co-op ministry a non-starter
Source: Business Standard Synopsis: Supreme court order has huge ramifications on the functioning of the newly-formed cooperative ministry Background Recently, the Supreme Court of India in a landmark judgment struck down parts of the 97th amendment to the Constitution. The 97th amendment to the Constitution sought to reduce the powers of the state governments over… Continue reading How a Supreme court order could render the new co-op ministry a non-starter
Cloud over Videocon resolution process points to larger weakness in IBC
Source: Indian Express Syllabus: GS- 3 Industries and industrial policies Synopsis: issues involved in Videocon resolution process Background Videocon was one of the first test cases to examine the prospects of insolvency jurisprudence in India and the first one, for group insolvency proceedings. On June 8, the NCLT approved a resolution plan submitted by Twinstar… Continue reading Cloud over Videocon resolution process points to larger weakness in IBC
Why flooding raises alarm over bearing of hydropower plants on the Himalayas
Source: Down to Earth Relevance: Article analyses impacts of large hydel-power projects in the Himalayas. Synopsis: The need of the hour is to put a halt to large hydel-power projects in the Himalayas. Can small hydropower plants offer a sustainable solution? Hydropower In India Hydropower is a renewable and non-polluting source of energy. In India,… Continue reading Why flooding raises alarm over bearing of hydropower plants on the Himalayas
Changes to deposit insurance
Source: Indian Express , Live Mint Relevance: Deposit Insurance Credit Guarantee Corporation (DICGC) bill will protect the interest of consumers. Synopsis: How the New Amendments to the Deposit Insurance Credit Guarantee Corporation (DICGC) Act will help depositors cause? Contents1 Background2 What is deposit insurance?3 How will the changes benefit account holders?4 Who pays for this insurance?… Continue reading Changes to deposit insurance
