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Unto the breach

The Insolvency and Bankruptcy Code (IBC), which was enacted in May 2016, is a critical link in a chain of steps initiated since 1991 to transition India to a market economy. The first set of reforms lowered entry barriers and thereby expanded sectors such as aviation. The early reforms however didn’t provide for exit options. This led to enormous misallocation of resources and lost opportunities as zombie firms took up scarce resources. IBC is the best possible solution. On Wednesday, the Cabinet approved eight amendments to IBC aiming to safeguard the Code’s underlying spirit. A key aim of the Code is to induce behavioural change, particularly among promoters. Continued ownership following default of debt obligations is no longer guaranteed. One consequence of this aim is a spate of litigations. Insolvency likely has the single largest body of case laws. Some judicial interpretations seem to create doubt rather than clarify. In others, interpretation appears to ...
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Best IAS Coaching in Lucknow

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What are the best IAS coaching institutes in Lucknow? A crucial question that comes to the mind of every aspiring civil servant is to know what are the best IAS coaching institutes in Lucknow? To answer this significant question in the light of its exclusive features & amenities, Bhoomi IAS comes as an ultimate solution for your civil service preparations in Lucknow & nearby region where courses are taught by learned and experienced faculties and because of their efforts Bhoomi IAS has become a well-known institute preparing candidates for Civil Services Examination at all the three levels – Preliminary Test, Main Examination and Interview. At Bhoomi IAS, we adhere to provide each candidate with precise yet concrete notes for all available courses during lectures; these notes are refined and filtered by our experienced faculties after painstaking research and analysis. These notes are prepared from exam point of view & scientific approach. With a 360 degree pr...
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