Reforms worked : India has jumped 30 places to rank 100th in the World Bank’s ‘ease of doing business’ ranking

India has jumped 30 places to rank 100th in the World Bank’s ‘ease of doing business’ ranking, helped by a slew of reforms in taxation, licensing, investor protection and bankruptcy resolution. The CEO of World Bank Kristalina Georgieva lauded India, saying its jump of 30 places in World Bank’s ease of doing business report is […]

Financial Latest News

The Insolvency and Bankruptcy Code, 2015

Highlights of the Code The Code creates time-bound processes for insolvency resolution of companies and individuals.  These processes will be completed within 180 days.  If insolvency cannot be resolved, the assets of the borrowers may be sold to repay creditors. The resolution processes will be conducted by licensed insolvency professionals (IPs).  These IPs will be […]


Key Features of Budget 2016 – 2017

INTRODUCTION > Growth of Economy accelerated to 7.6% in 2015-16. > India hailed as a ‘bright spot’ amidst a slowing global economy by IMF. > Robust  growth  achieved  despite  very  unfavourable  global  conditions and two consecutive years shortfall in monsoon by 13% > Foreign  exchange  reserves  touched  highest  ever  level  of  about  350 billion US […]


Highlights of the Railway Budget 2016-17

Theme of the Budget Overcoming challenges – Reorganize, Restructure Rejuvenate Indian Railways: ‘Chalo, Milkar Kuch Naya Karen’ Three pillars of the strategy i.e. Nav Arjan – New revenues, Nav Manak – New norms, Nav Sanrachna – New Structures. Financial Performance 2015-16- Savings of Rs. 8,720 crore neutralizing most of the revenue shortfall, expected OR 90%; […]