Since the inception of the provisions for corporate insolvency resolution process (CIRPs) on December 1, 2016, a total of 4,008 CIRPs across various sectors had commenced as of September-end 2020. Of these, 473 have been closed on appeal or review or settled, 291 have been withdrawn, 1,025 have ended in orders for liquidation, and 277 have ended in approval of resolution plans. At present 1,942 CIRPs remain, for which banks and operational creditors are seeking resolution.
More than 52 lakh new subscribers have been enrolled under Atal Pension Yojana (APY), during the financial year 2020-21 so far and the total enrolments…
With a sustained, pro-active, and calibrated approach, the daily new cases in India are on a sustained decline. 16,504 new cases were added to the national…
With a high number of COVID patients recovering every day and the sustained fall in the mortality rate, India’s steady trend of registering dipping active cases continues. 21,822 new confirmed cases recorded in the last 24 hours in the country whereas 26,139 new recoveries were registered in the same period. It has led to a net decline of 4,616 cases from the total active caseload.
It is now an unbearable cliché that 2020 has been the most disruptive and unprecedented year of this generation. While it has been an incredibly challenging period for the vast majority, there have been positive developments in terms of how we work, with flexibility and overall wellbeing put ahead of unfettered productivity for what may actually be the first time in living memory.
Adoption in India currently happens only under the aegis of the Centralized Adoption Resource Authority, a statutory body responsible for monitoring and regulating adoptions both within and outside India. This has both, pros and cons as the current system seem to have brought down the number of adoptions, whilst simultaneously bringing in objectivity and transparency to the process.
Luxury senior living homes in India such as Gagan Nulife Resort residency which perfectly defines the ‘contemporary meet fun’ lifestyle for the elderly, has actually…
A UNCTAD study reveals that India has made rapid progress in the export of mobile phones in recent years and this success can be replicated in other segments such as computing devices, components for electric vehicles, printed circuit boards, wearable devices, etc.
Many of India’s biggest companies such as Swiggy, Justdial, Urban Company, Havells, Dr. Lal Path Labs and Rapido have signed up as customers for Airtel IQ during the beta phase itself.
Severely impacted by the COVID-19 pandemic, the top 7 cities saw homes worth approx. INR 88,730 crore sold in the first three quarters of 2020 as against ~INR 1,54,320 crore in the corresponding period of 2019. This is a 43% decline, with total value reduction amounting to approx. INR 65,590 crore during the period.