The Insolvency and Bankruptcy Code (IBC) 2016 was supposed to help in recovering mounting NPAs from the corporate sector. But over the years it has turned out to be a super salon where crores are written off in the name of haircuts and corporate sharks take over “ailing” companies for…
Tag: report cards
Balance Sheet of a Decade
The essence of democracy requires that we hold governments to account vis-a-vis their claims and promises. But one of the biggest casualties of the recent years has been the idea of accountability. The divisive and jingoist hyperboles in the media facilitate a collective amnesia. These report cards are a part…