Will Bankruptcy Code Trump Companies Act?

The Insolvency & Bankruptcy Code, 2016 makes promising claims of boosting M&A activity by making sale of NPAs a more transparent and time-bound procedure. “An Act to consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership

 

A Take on Beginning of a M&A Cycle

That M&A is on the rise in India has spilled all over the news. It is the most talked about subject where businesses are concerned and is gaining much pace in terms of stakeholders actively trying to gather more intel on M&As.

 

M&A in India – 2016

Mergers and Acquisitions are tools which create transformation of businesses. They help in unlocking the potential of businesses specifically in those situations where one of the two parties involved is stressed. In 2016 the Indian industry latched on this tool in a

 

Bangladesh: RPCL to build 1,320MW coal-fired power plant in Patuakhali

The government has allowed Bangladesh's public sector company RPCL to set up a larger 1,320-megawatt (MW) coal-fired power plant to boost electricity generation capacity, officials said. Power Division officials said the Rural Power Company Limited (RPCL), the country's first Independent Power Producer

 

Why India Needs an Auto Scrappage Policy?

India is a developing nation which is trying to pave its way in the economical, technology, etc. sectors and has adopted many techniques from other developed countries. One such concept is the vehicle recycling, which is very common in countries like US, Europe, Japan and of course gaining steady popularity in China, Indonesia, Korea, etc.  India is still behind on this and is trying now to adopt and implement this policy.  Scrapping – an unorganized entity in India: So for a long time, the government of India has been trying to draft a policy for the scrapping of older vehicles. Unfortunately, even if it is policy is adopted the old cars that are dumped have no proper or organized procedure in how they are scrapped and this ends up with useful metals being wasted. After scrapping, the metal scrap or plastic or whatever that is generated is handled in a much unorganized manner by the recycling sector that it becomes hard for the government to keep track to put it to good use.  The government has been suggested by SIAM (Society of Indian Automobile Manufacturers) that every vehicle that is over 15 years has to be scrapped.  The logic behind this being the vehicles over 15 years contribute more to pollution and by giving these up for scrapping it would mean that the owner now has an incentive to purchase a new vehicle and also it is a small measure to control pollution..  Government also benefits from a good name as this will ensure: Reduce pollution:  The pollution can be kept in check; the older vehicles emit more poisonous chemicals and hence contribute to the environmental destruction. If vehicles older than 15 years are scrapped, then pollution can be reduced and

 

Fifteen Interesting Facts on Auto Recycling

Auto recycling is a common practice followed by the developed nations and is becoming increasingly popular in the developing nations. With rising concerns over global warming, countries are adopting various schemes to curb pollution by way of auto recycling. India’s automobile industry