Swiss Challenge Subject: Economy Context: The Swiss Challenge auctions conducted as part of the sale of non-performing assets to India’s bad banks are turning out to be profitable. Details: The bidders are willing to pay more than the offer by the National Asset Reconstruction Co. Ltd (NARCL). How does the auction work? Lenders sell […]

  SWISS CHALLENGE Subject: Economy Concept: Swiss Challenge method is one of the ways of awarding government contracts to private players. Without an invitation from government, a private player can submit a proposal to government for development of an infrastructure project with exclusive intellectual property rights. Then government has two options with it: Government can […]