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    IBC

    IBC

    Intercontinental Broadcasting Corporation is a Philippine-based media company and VHF television network of the Government Communications Group under the Presidential Communications Operations Office.

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    IBC extension, reforms, focus on rural economy among laudable features of stimulus package: ASSOCHAM
    National

    IBC extension, reforms, focus on rural economy among laudable features of stimulus package: ASSOCHAM

    Describing emergent measures like one-year abeyance for the insolvency proceedings under Insolvency and Bankruptcy Code (IBC) and further reducing company law compliance burden as a hallmark of an agile and responsive government, the ASSOCHAM today said the Prime Minister's Rs 20 lakh crore economic package for dealing with the COVID-19 crisis would provide relief to stressed businesses while the medium to long term reforms would take India on the path of a fast recovery, in the post-pandemic period.

    Coronavirus-related debts to be excluded from defaults under IBC
    National

    Coronavirus-related debts to be excluded from defaults under IBC

    Corporate debts related to COVID-19 pandemic will be excluded from default category under the Insolvency and Bankruptcy Code (IBC) for a period of up to one year, Finance Minister Nirmala Sitharaman said on Sunday.

    Lockdown period to be excluded from timeline for resolution process
    Business

    Lockdown period to be excluded from timeline for resolution process

    (IANS) In a major relief for companies going through insolvency under the Insolvency and Bankruptcy Code (IBC), the IBBI on Sunday said that the period of lockdown will not be counted within the timeline for resolution process.

    FM Sitharaman eases business rules to fight COVID-19
    Business

    FM Sitharaman eases business rules to fight COVID-19

    Finance Minister Nirmala Sitharaman unveiled a series of relaxations for statutory and regulatory compliance matters on Tuesday and said the government will soon announce an economic package to absorb the negative impact of the coronavirus epidemic.

    Default threshold under IBC raised to Rs 1 cr: Sitharaman
    Business

    Default threshold under IBC raised to Rs 1 cr: Sitharaman

    In a major relief for small and medium enterprises, the central government has raised the threshold for default under the IBC to Rs 1 crore from the current Rs 1 lakh.

    PM Modi woos Delhi traders at Karkardooma rally
    National

    PM Modi woos Delhi traders at Karkardooma rally

    In a major effort to reach out to Delhi traders, Prime Minister Narendra Modi dedicated a considerable amount of his speech to list out the BJP-led NDA government's pro-trader initiatives, at a poll rally here on Monday.

    Pace needed in IBC to increase bank loans: Economic Survey
    Business

    Pace needed in IBC to increase bank loans: Economic Survey

    Hit hard by defaults and NPAs over the past few years, the Indian banking system now requires speedy implementation of the Insolvency and Bankruptcy Code (IBC) to shed risk aversion and increase lending to companies, according to the Economic Survey 2019-20.

    Unitech homebuyers stress restart of construction
    National

    Unitech homebuyers stress restart of construction

    A majority of Unitech homebuyers reckon that the resolution of the housing mess need seed money to start construction of stalled projects, and mere the Centre taking over the management of the embattled real estate giant would not serve as a solution.

    CBI arrests NCLT-appointed IRP in graft case
    National

    CBI arrests NCLT-appointed IRP in graft case

    The CBI has arrested an insolvency resolution professional (IRP) Arun Mohan appointed by the NCLT and another private person for allegedly receiving a bribe of Rs 3.5 lakh from a consultant by threatening him with a criminal case, officials said.

    Slowdown Pangs: India likely to create 16 lakh less payrolls in FY20
    Business

    Slowdown Pangs: India likely to create 16 lakh less payrolls in FY20

    India's economy is expected to create at least 16 lakh less payrolls in FY20, a State Bank of India report said on Monday.

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