Finance Minister Nirmala Sitharaman said that National Monetization Pipeline talks about brownfield assets where investment is already being made, where there are assets either languishing or not fully monetized or under-utilized.
A trade accord with India can be seen as a keen target for post-Brexit Britain. The country has been particularly pursuing ties with nations in the Indo-Pacific region which is home to some of the fastest-growing economies.
Union Finance Minister Nirmala Sitharaman said that the bill was brought in the wake of Supreme Court’s judgments. She said that the Sovereign rights of India to tax will remain intact and there will be no dilution in it with this legislation.
The Insolvency and Bankruptcy Code (Amendment) Bill, 2021, will introduce an alternate insolvency resolution process for micro, small and medium enterprises (MSMEs). It amends the Insolvency and Bankruptcy Code, 2016.
India’s forex reserves reached a lifetime high of $621.464 billion in the week ended August 6, 2021. India’s forex reserves had crossed the $600 billion mark for the first time in June 2021. Read how did it happen and know its impact.
The Factoring Regulation (Amendment) Bill, 2021 seeks to amend the Factoring Regulation Act, 2011 to widen the scope of factors that can engage in factoring business, where an entity acquires receivables of another entity for an amount.