The President of India constituted the 16th Finance Commission under Article 280 of the Constitution to make recommendations on the distribution of net tax proceeds between the Union and the states, the allocation between the states of respective shares of such proceeds, grants-in-aid to the states, and measures needed to supplement the resources of the local bodies during the award …
The rescue package that aims to protect uninsured depositors from the blowback Silicon Valley Bank’s historic collapse shows that American capitalism is “breaking down before our eyes,” a prominent hedge fund manager told The Financial Times. “The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Citadel hedge fund founder and CEO Ken Griffin …
It has been long established that legal systems affect financial development in a country. The creditor rights and information environment continue to evolve with the recent Insolvency and Bankruptcy Code, 2016 in addition to the Reserve Bank of India on the verge of setting up a public credit registry. We chose The SARFAESI Act, 2002 as a unique point with …
