The new Insolvency and Bankruptcy Code aims to resolve India’s $150 billion bad debt overhang by speeding up proceedings and recouping more of the losses.
India has gone further than any other country in legislating on corporate social responsibility, but the law should be revised to be more precise and engage company stakeholders better.
It is not the CBI’s business to decide interest rates for loan settlement or set any banking benchmarks, especially if the RBI and Centre have had nothing to say on the matter.
The government is seeking to muzzle media that is critical of the regime.
The security breach happened through a malware in the systems of Hitachi Payments Services, which serves Yes Bank.