Thursday, August 14, 2014

India needs bankruptcy code: Raghuram Rajan

..."Do we need a bankruptcy code? absolutely! It is something I have been saying for six years in reports that we need a bankruptcy code," he said while speaking at an event here late this evening. Replying to a specific question on the need for bankruptcy laws, Rajan said he was hopeful that the code embedded in the amended Companies Act passed last year will help things, but it has been stuck due to some issues which need to be worked out. It may be noted that ..........

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