IBC Current Affairs, GK & News
The Supreme Court recently upheld the validity of Section 32 A of the Insolvency and Bankruptcy Code. Under its judgement, the apex court pronounced that the successful bidders for a corporate debtor will be immune from any investigations conducted by an investigating agency (like Enforcement Directorate or other statutory bodies such as SEBI) under the ..
Category: Legal & Constitution Current Affairs
On July 6, 2020, the retired 1983 batch IAS officer from Odisha Cadre, Injeti Srinivas was appointed as the first chairman of the International Financial Service Centre Authority. Highlights The retired diplomat has been appointed as the chairman for a period of three years. He retired from service as Secretary to Ministry of Corporate Affairs. ..
Month: Current Affairs - July, 2020
Category: Persons in News Current Affairs
On May 17, 2020, the Union Finance Minister Nirmala Sitaraman announced the fifth and final tranche of Atma Nirbhar Bharat Abhiyan. The scheme is to implement several measures to fight COVID-19 at an allocated budget of Rs 20 lakh crore economic packages Highlights Under the fifth tranche of the scheme, the finance minister announced seven ..
Month: Current Affairs - May, 2020
Category: Government Schemes Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • Companies Act • Ease of Doing Business • Gross domestic product • IBC • Insolvency and Bankruptcy Code • MNREGA • nirmala sitaraman • Public sector undertakings in India • Swachh Bharath Mission
The Confederation of Indian Industries has set up funds to assist rehabilitation of micro, small and medium enterprises. The fund is to be raised from the members of the confederation. Highlights The MSMEs are the most affected sectors due to the outbreak of Corona Virus. This is mainly because of the steps taken to contain ..
Category: India Nation & States Current Affairs
The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which was passed by the Parliament in May 2016 to consolidate the existing framework for Insolvency and Bankruptcy by creating a single law. The IBC code is designed in a way such that it provides a one-stop solution for resolving insolvencies which ..
Category: Economy & Banking Current Affairs