Reading Time: 6 mins The government has set a disinvestment target for 2020-2021 to Rs.2.10 lakh crore, having failed to achieve the current fiscal year’s target of Rs.1.05 lakh crore. It hopes to achieve the unmet target of this fiscal year in the next fiscal year. A large part is likely to come from the sale of stakes in Life Insurance Corporation and IDBI bank. However, the strategy of how this target is going to be achieved is absent. Nevertheless, selling off stakes from high return public enterprises like LIC can ensure the achievement of targets set by the government. Achieving this alone is not enough. The government must use these earnings not to pay off its loans or achieve its fiscal deficit target but to reinvest in aspects that ensure improvement in economic growth and sustainable returns.
Reading Time: 6 mins
According to the Economic Survey 2018-2019, the functioning of the banking sector has improved due to the decrease in the Non-performing assets (NPAs) and an increase in credit growth. The gross NPAs of the public sector banks have declined from 11.5% to 10.1%, between March 2018 and December 2018.
Reading Time: 4 mins
Recently, there have been many instances of Enforcement Directorate (ED) filing charge sheet against economic offenders under the Fugitive Economic Offenders Act, 2018. In this scenario, it is essential to understand the need, features, benefits, and concerns regarding the Fugitive Economic Offenders Act, 2018.
This article explains the following in an analytical manner with a mindmap for better understanding and quick revision.
- What is the need for Fugitive Economic Offenders Act? (Benefits)
- What are the existing laws for seizing Assets?
- What are the salient features of Fugitive Economic Offenders Act, 2018?
- What are the Challenges in implementing the law?
- What is the way forward?
Reading Time: 5 mins Recently, the Union Ministry of Finance decided to merge three public sector banks namely Bank of Baroda, Dena Bank and Vijaya Bank. However, the decision to merge at the time of weakening trend of banks has raised serious concerns.
Reading Time: 3 mins Insolvency and bankruptcy code (IBC) was introduced in 2016 to address the mounting bad
loans (NPAs) problem. In this scenario, there are new performance and legal issues arising
from the implementation of IBC…