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Section 32A of Insolvency and Bankruptcy Code
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 ..
Month: Current Affairs - January, 2021
RBI Trend and Progress Report, 2020
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. ..
Month: Current Affairs - December, 2020
Injeti Srinivas appointed First Chairman of International Financial Services Centre Authority
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 ..
Month: Current Affairs - July, 2020
Advisory Panel on Insolvency and Bankruptcy Board of India (IBBI) reconstituted
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 ..
Month: Current Affairs - June, 2020
Fifth Tranche of Atma Nirbhar Bharat Abhiyan announced
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 ..
Month: Current Affairs - May, 2020
Insolvency and Bankruptcy Code (amendment) bill passed in the Parliament
On March 12, 2020, Insolvency and Bankruptcy (Amendment) bill, 2020 has been passed in the parliament. It was earlier passed by Lok Sabha and is now being passed by Rajya Sabha. Highlights The amendments were earlier introduced as ordinances. Now ..