New Delhi, Feb 24 (IANS) The Telecom Regulatory Authority of India (TRAI) on Tuesday released recommendations on the auction of radio frequency spectrum in the frequency bands identified for International Mobile Telecommunications (IMT).These recommendations are based on the comments received from stakeholders during the consultation process, and further analysis.According to them, entire available spectrum in the 600 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26…
Latest Insolvency and Bankruptcy Code News & Updates
New Delhi, Feb 9 (IANS) The gross NPAs as a percentage of total loans and advances of scheduled commercial banks have been continuously declining during the last eight financial years, and were at a historic low of 2.15 per cent at the end of September 2025, which is lower than the 2010-11 level, the Parliament was informed on Monday. The Reserve Bank of India (RBI) has apprised that the data on gross NPAs of banks is not collected by it on a monthly basis. However, as per the latest data availa…
New Delhi, Feb 5 (IANS) In a relief to the ED, the National Company Law Tribunal (NCLT), New Delhi, has recalled the Corporate Insolvency Resolution Process (CIRP) initiated against M/s Alchemist Limited, holding that the insolvency proceedings were vitiated by fraud, collusion and malicious intent, a statement said on Thursday.The order was pronounced on Wednesday, with the Tribunal exercising its powers under Section 65 of the Insolvency and Bankruptcy Code (IBC), 2016.The NCLT categorically h…
New Delhi, Feb 2 (IANS) Finance Minister Nirmala Sitharaman on Monday said that the government is set to introduce the Insolvency and Bankruptcy Code (IBC) Amendment Bill in the second half of the Budget session, beginning March 9.Addressing a press briefing, a day after presenting the historic reform-oriented Budget 2026-27, she said that the pace and direction of disinvestment should set the tone for revenue generation in the coming years.”Going forward, there will be a lot more divestment. Sp…
New Delhi, Jan 29 (IANS) There has been a significant improvement in the asset quality of scheduled commercial banks with a sharp decline in the percentage of bad loans and higher recoveries, according to the Economic Survey 2025-26, tabled in the Parliament by Finance Minister Nirmala Sitharaman on Thursday.It points out that the gross non-performing asset (GNPA) ratio and net NPA ratio have reached multi-decadal lows while the capital-to-risk-weighted-asset ratio (CRAR) of banks remained stron…
New Delhi, Jan 9 (IANS) Shaktikanta Das, Principal Secretary-2 to the Prime Minister, said on Friday that India is headed to be the fastest growing economy in the world, despite geopolitical tensions and trade barriers.Delivering the Inaugural Bibek Debroy Memorial Lecture, Das highlighted that the shifting geopolitical winds and trade policies are reshaping the global economic order. Traditional multilateralism, once a cornerstone of global governance, is increasingly being sidelined by geopoli…
New Delhi, Jan 1 (IANS) The Ministry of Corporate Affairs (MCA) undertook several policy, regulatory, institutional and technology-driven initiatives in 2025 to further simplify compliance, strengthen corporate governance, and enhance ease of doing business in India, according to an official statement issued on Thursday.The Ministry has raised the threshold limit of paid-up share capital and turnover up to Rs 10 crore and Rs 100 crore respectively for small companies, making more firms eligible …
New Delhi, Dec 29 (IANS) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICR…