A delay in initiating the insolvency process also means that creditors, because of their unhappy experience, are more inclined to take back their money with whatever haircut comes about and make their exit.
Odd that the govt took this long to see sense on the matter, but this is the first step towards a less-litigious tax landscape
The increased demand for MGNREGA jobs following the pandemic shows that the flagship jobs scheme was able to absorb some of the increased demand in rural areas as migrants returned home.
A key aim of the amendment Bill is to de-license power distribution and increase competition
Chairman Dinesh Khara attributed the high NPA ratio in gold loans to the inability of collection staff to reach borrowers amid mobility restrictions.
Revenue secretary Tarun Bajaj said: “Companies (affected by retrospective tax law) should also be reaching out to us, and try to work out solutions.”