Q. In which year, Corporate Debt Restructuring (CDR) scheme was launched in India with an objective of ensuring timely and transparent mechanism for restructuring the corporate debts of viable entities facing problems?
Answer: 2001
Notes: The Corporate Debt Restructuring (CDR) scheme was launched in India in 2001. It aimed to provide a timely and transparent mechanism for restructuring the debts of viable companies facing financial difficulties. The initiative was part of broader reforms to enhance the financial stability of the corporate sector and was introduced by the Reserve Bank of India (RBI) to address the rising levels of non-performing assets (NPAs) in banks.