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

Source: Indian Express  Relevance: This article highlights few examples that can turn a country in a failed democracy. Synopsis: Democracies die when democratically elected governments cease to be held accountable by a society weakened by poor health, low morale, and joblessness. In such a scenario, political leaders are prone to blindness and incompetence, they pay… Continue reading How does a democracy die?

Source: The Hindu  Synopsis: The Supreme Court held that a legislative privilege cannot be extended to provide legal immunity to criminal acts committed by lawmakers. Background: On March 13, 2015, six members of the legislative assembly (MLAs) from LDF party in Kerala tried to interrupt the presentation of the Budget. Their action resulted in destruction… Continue reading Law and lawmakers

Source: Business Standard Synopsis: Assam-Mizoram violence is an outcome of the central government trying too hard to ‘integrate’ distinct northeastern states, which has unleashed latent regionalism. Background: Recent border clashes on the Assam-Mizoram Border and Assam-Meghalaya border point to the failure of central and state governments to solve the boundary issue. On 26 July, a… Continue reading Small state, big brother