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’
Tag: changes in industrial policy
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
