Written by Sunny Verma |
Updated: December 31, 2015 12:29 am
The Finance minister Arun Jaitley with the RBI governor. The government and the central bank are moving towards setting up a monetary policy panel. (Source: Express photo)
Looking back
Towards the end of this year, the government introduced the Insolvency and Bankruptcy Code in Parliament. It aims to free up banks resources for other productive uses, boost credit markets by providing for faster liquidation and help banks arrest their nonperforming assets. The legislation, referred to a 30-member joint parliamentary panel, proposes that corporate insolvency be resolved within 180 days, extendable by 90 more. Curren…
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