In a move that signals a mature and introspective shift in India’s governance culture, the Centre has issued a sweeping directive to all ministries and departments: stop filing frivolous court cases, clean up internal legal processes, and embrace a more responsible, accountable approach to litigat...
Last Month, the Indian Parliament passed the Banking Laws (Amendment) Bill, 2024, a progressive step allowing bank account holders to nominate up to four individuals. Finance Minister Nirmala Sitharaman deserves high praise for championing this reform, which empowers bank account holders to nominate...
We need double-digit growth, year after year! It’s an ambitious call, but why not? India has the potential, the resources, and the momentum. The post-pandemic rebound was strong, but now, as consumption starts tempering, the country needs a fresh dose of economic adrenaline. The Budget 2025’s ta...
Why wait for 2047 to become a Viksit Bharat when we can achieve it a decade earlier? Why settle for a steady, sleepy, unremarkable 7-8% growth rate when we have the potential to turbocharge it to a thriving 10%+? A recalibration of our tax system is the key to unleash the animal spirits of the econo...
The Union Budget for 2025-26 presented by Finance Minister Nirmala Sitharaman has been a strategic masterstroke aimed at revitalizing India’s economy. The first step in this direction is the exemption of income tax for individuals earning up to ₹12 lakh annually, which is a bold and much-needed ...
India’s Insolvency and Bankruptcy Code (IBC) has been a remarkable reform, bringing much-needed structure to resolving distressed assets. It has successfully transformed how businesses, creditors, and investors approach insolvency, marking a significant step forward in India’s economic evolution...
India’s economic landscape has long been fueled by the vigor of its small and medium enterprises (MSMEs), which contribute significantly to GDP and employment. However, a glaring void in the financial ecosystem threatens their ability to scale and thrive. This gap lies in the absence of robust dev...
In the wake of the second wave of the pandemic, certain segments of the industry are demanding a postponement of the Insolvency & Bankruptcy Code (IBC) by another one year. However, that is unlikely to help the stressed enterprises to recover quickly as they are more likely to face multipl...
The Government of India, together with the Reserve Bank of India (RBI), had done a commendable job in alleviating the pain of the borrower community during and after the nationwide lockdown imposed to counter the COVID-19 pandemic. Thanks to their timely actions, a nascent recovery was visible in a ...
