The passage of the Insolvency and Bankruptcy Code (IBC), 2016 is one of the biggest insolvency reforms in the economic history of India. It was introduced by the Central Government to sort out claims related to the insolvent companies in the country. Why was the IBC needed? The IBC 2016 was needed to tackle the ..
NPAS: GK, Current Affairs, Questions, Trivia and News
Sunil Mehta committee submits its report to Finance ministry to tackle Non-Performing Assets (NPAs) and to create credit capacity
The Sunil Mehta committee which was formed with a view to tackle Non-Performing Assets (NPAs) and creating credit capacity submitted its report with recommendations to Union Finance Minister Piyush Goyal on July 2, 2018. The Sunil Mehta panel presented project ‘Sashakt’ and has recommended a five-pronged strategy to deal with NPAs in the country’s banking ..