Gains from GST and insolvency code will begin to accrue, but may not immediately translate into higher growth rates. The impact of the new government’s decisions will take a while to show. Major worries remain at home and abroad. Expect volatility in the stock markets.
About 18 months after India’s new bankruptcy law came into force, it will face its first test later this month when the resolution plan for Kolkata-based Nicco Industries is adjudicated. Whether the sick company can be restructured or shut down swiftly within 180 days of the case being registered. Over 1,000 applications for resolution have […]