Focus on efficiency and fall in investments via debt help India Inc bolster … – Economic Times

Ranjit Shinde, ET Bureau Dec 17, 2015, 03.00AM IST (At the aggregate level,) MUMBAI: A focus on improving operating efficiency and reduction in investments funded through debt over the past few quarters are helping Corporate India to clean up balance sheets amid the slow economic growth. An analysis by the ET Intelligence Group shows the…

Puerto Rico needs debt restructuring authority: US Treasury Secretary – Business Insider

Thomson ReutersU.S. Treasury Secretary Jack Lew gives a news conference at the 2015 IMF/World Bank Annual Meetings in Lima By Megan Davies NEW YORK (Reuters) – Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an “escalating crisis”, U.S. Treasury Secretary Jack Lew, said on…

Government postponed by one year the enforcement of the Personal Insolvency Law – ACTmedia

Thursday, December 24, 2015 The government decided on Wednesday to postpone by one year, till December 2016, the enforcement of the Personal Insolvency Law, government’s spokesman Dan Suciu told a press conference at the Victoria Palace.  “We ended up in this situation because none of the implementation steps set forth under the law has been…