BUSINESS ECONOMICS - June 01 - 30, 2022

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Insolvency and Bankruptcy Code (IBC) was enacted on May 2016. In August 2021, the Parliamentary Committee on Finance examined the IBC’s performance and expressed serious concerns about low recoveries and huge haircuts creditors took (even 90-95% haircuts in some cases), apart from long delays in disposal of cases.
According to IBBI (Insolvency and Bankruptcy Board of India), the haircut (or loss of debt) is 90% in Q4 FY22. In Q3 FY22 the haircut was 86.6%. There is ample evidence to show that the IBC has proved to be a disaster – far worse than the BIFR which was replaced.

BUSINESS ECONOMICS Description:

الناشر: Business-Economics

فئة: Business

لغة: English

تكرار: Monthly

Business Economics, following its credo of “exclusive and comprehensive” coverage, has been one of India’s most popular business magazines. What started as a 12-page tabloid in 1995 has become a magazine with global reach and coverage.

Each issue consists of ten main sections: World, Finance, Economy, Industry, Agriculture, Environment, Technology, Health, Culture, and Enlightenment. It covers the entire gamut of economic activities in India and abroad. Thoughtful pieces on socially and politically relevant issues, health, education, culture and enlightenment are also covered to give our readers an all around perspective.

Besides having a team of highly-qualified and experienced editors and a network of correspondents spread across the country, it has a panel of eminent columnists.

Business Economics is committed to objective reporting and is not attached to any political or economic ideology