Lehman Crisis

Is India heading towards its own Lehman Crisis?

The burning topic today in India is about bank NPAs, NPA recovery especially from businessmen who have defrauded the banking system of crores of rupees & fled the country. As we complete 10 years of the Lehman Crisis, it seems we have not learnt any lessons from it though we must ensure that such a …

Is India heading towards its own Lehman Crisis?Read More »

EPF withdrawal

EPF withdrawal for home purchase – Avoid if possible

The Employees’ Provident Fund Organization (EPFO) recently relaxed its norms to allow subscribers to withdraw up to 90% of the total accumulated corpus for purchase of a home. But we must remember that EPF is long-term savings for retirement and it is not advisable to dig into the retirement funds unless and until there is …

EPF withdrawal for home purchase – Avoid if possibleRead More »

Insolvency Bankruptcy Code

The Insolvency and Bankruptcy Code

There has been a lot of action relating to NPA resolution, a contentious issue for some time now the latest being the Insolvency and Bankruptcy Code (IBC), an Act which helps troubled corporates, partnership firms and individuals in debt to re-organise and opt for insolvency resolution in a time-bound manner to maximize value of its …

The Insolvency and Bankruptcy CodeRead More »