INSOLVENCY AND BANKRUPTCY CODE
December 22, 2020
Subject : Economy Context : Suspension of the insolvency and bankruptcy code (IBC) is being extended till March 31, 2021, finance minister Nirmala Sitharaman said at the Bangalore Chamber of Industry and Commerce virtual conference. Concept : About : Insolvency and bankruptcy code 2016 was introduced to resolve the bankruptcy crisis in corporate sector. Under […]
DISTRICT MINERAL FOUNDATION
December 22, 2020
Subject : Economy Context : Dhanbad Deputy Commissioner has ordered an audit and an impact assessment of utilisation of funds from the District Mineral Foundation Trust (DMFT) for the financial years 2017-2020. Concept : DMFs were instituted under the Mines and Minerals (Development and Regulation) (MMDR) Amendment Act 2015. They are non-profit trusts to work […]