Latest news with #RuchikaChitravanshi
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Business Standard
4 days ago
- Business
- Business Standard
IBC cases breaching resolution timeline hit 78% in FY25: Ind-Ra report
Ind-Ra notes rising resolution timelines and lowest recovery levels since FY21 under the IBC framework, cautioning this could affect bond market deepening and investor confidence Ruchika Chitravanshi Delhi Listen to This Article The proportion of cases exceeding the timeline for resolutions under the Insolvency and Bankruptcy Code (IBC) reached 78 per cent in FY25, the highest since FY21, according to an analysis by India Ratings and Research (Ind-Ra). 'Sustained delays and uncertainty over resolution under IBC could hinder deepening of bond markets, which, besides information asymmetry, are exposed to significant losses in the event of a default by an issuer, given their unsecured nature,' said Soumyajit Niyogi, Director – Core Analytical Group, Ind-Ra. The timeline for the corporate insolvency resolution
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Business Standard
6 days ago
- Business
- Business Standard
Digital competition Bill: Online cos tell Parl panel to protect innovation
The Parliamentary Panel is looking into the role of the Competition Commission of India (CCI) in an evolving economy, particularly the digital landscape Ruchika Chitravanshi Shivani Shinde Mumbai Listen to This Article The thresholds for the ex ante (preventative) regulations under the Draft Digital Competition Bill should be increased in a manner that protects the domestic startups and innovation, the Indian online startups and tech product companies have told a parliamentary panel, according to the people in the know. The panel is looking into the role of the Competition Commission of India (CCI) in an evolving economy, particularly the digital landscape. Sources said that the committee has sought the views of the Ministry of Corporate Affairs (MCA) on the suggestions made by some of the Indian online players. The ex ante regulations
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Business Standard
05-06-2025
- Business
- Business Standard
Finance ministry meets Moody's execs, makes case for ratings upgrade
Moody's said that Pakistan-India tensions, including the flare-up earlier in May, would weigh on Pakistan's growth more than on India's Ruchika Chitravanshi New Delhi Listen to This Article Finance ministry officials on Thursday met with analysts from Moody's Ratings making its case for a ratings, upgrade on the back of macroeconomic stability, fiscal prudence and benign inflation, official sources said. The meeting comes almost a week after India announced its provisional GDP numbers showing a rebound in the growth numbers with the four-quarter high of 7.4 per cent in the January-March period of 2024-25 (FY25). While the discussions with the ratings agency come in the backdrop of recent India-Pakistan conflict and global trade tensions, Moody's Ratings had recently said that India is better positioned than many other emerging
Business Standard
03-06-2025
- Business
- Business Standard
Parliamentary panel to review IBC and propose reforms for efficiency
The Centre is expected to table an amendment Bill in the monsoon session as a parliamentary panel examines the Code amid concerns flagged by the Supreme Court Ruchika Chitravanshi New Delhi Listen to This Article A parliamentary panel is taking a comprehensive look at the Insolvency and Bankruptcy Code (IBC) to suggest the changes and measures that need to be taken to make it more efficient, a senior government official said. 'The committee is looking at IBC in totality, just as they did with the Competition Law as well,' the senior official said. The government is expected to bring the IBC Amendment Bill in Parliament in the upcoming monsoon session. Several Supreme Court rulings in the recent past have pointed to gaps in the implementation of the IBC, the latest being the Bhushan Power and
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Business Standard
27-05-2025
- Business
- Business Standard
Tariff suspense a key risk to Indian economy, says finance ministry
FinMin report flags India Inc's foreign investments Ruchika Chitravanshi Delhi Listen to This Article The risk of renewed trade barriers, after the 90-day pause on the 26 per cent tariff on Indian exports to the US expires on July 9, remains a key external vulnerability, and the outcome of a pause in the US-China reciprocal tariffs will also be important for the Indian economy, the Finance Ministry noted on Tuesday. However, a successful US-India trade agreement could 'flip current headwinds into tailwinds, opening up new market access and energising exports', officials from the economic division of the Department of Economic Affairs wrote in the monthly economic review for April. Prolonged uncertainty around trade
