Insolvency and Bankruptcy Code 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
The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report also offers perspectives on the evolving outlook of financial sector of India. The report is a statutory compliance of Banking Regulation Act, 1949. Key Findings of the ..
Topics: Banking Regulation Act • Insolvency and Bankruptcy Code • Non Performing Assets (NPA) • Public Sector Banks (PSBs) • Reserve Bank of India (RBI) • SARFAESI • SARFAESI Act • scheduled commercial banks • TRend and progress report • Urban Cooperative Banks (UCB)
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
The Government of India recently reconstituted the advisory panel on corporate insolvency resolution and liquidation process. Highlights The IBBI recently reconstituted advisory panel by inducting four members. The committee was constituted in 2017 and is chaired by a noted banker Uday Kotak. The new members include Crisil MD Ashu Suyash, former chief economist at NSE ..
Month: Current Affairs - June, 2020
Category: India Nation & States 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