The government released a draft on cross-border insolvency that would help banks access overseas assets of a company undergoing resolution. The Indian authorities will also be required to cooperate with foreign creditors to a domestic company. The draft favours adoption of the UNCITRAL model on dealing with cross-border insolvency. The UNCITRAL model law envisages a balance between liquidation and reorganisation of global companies going in for resolutionRead More
Category: Law,Policies and Agreements
The Union Home Ministry has banned new offshoots of the al-Qaeda and Islamic State under the anti-terror Unlawful Activities Act. Both al-Qaeda in Indian Subcontinent and the Islamic State of Iraq and the Sham-Khorasan, an Afghanistan-based affiliate of ISIS, have been declared unlawful.Read More
The government will bring the single solar bid of 1 lakh MW, which would also include storage and solar equipment manufacturing components. The biggest tender was floated in Spain. Indian Government also brought out single tender of 10,000 MW. The country will overachieve the renewable energy target of 175 GW by 2022 and eventually have 225 GWRead More
The United States is set to withdraw from the United Nations Human Rights Council, with the US ambassador to the UN calling the organization a “protector of human rights abusers and a cesspool of political bias. They claimed the council was a roadblock to genuine global human rights protection.Read More
Renowned music composer A.R. Rahman has been appointed as the Brand Ambassador of the Sikkim government. He was appointed at the onset of ‘The Red Panda Winter Carnival 2018’, which aimed at increasing the flow of tourists. Sikkim government had made Mr. A.R. Rahman its Brand Ambassador of tourism and business. The 51-year-old music producer, who has in his kitty two Academy and two Grammy Awards, is now in Sikkim. Rahman had been made Sikkim’s brand ambassador of tourism and business.Read More
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