Article
Suyash Rai, Anirudh Burman
{
"authors": [
"Anirudh Burman"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie India"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie India",
"programAffiliation": "",
"programs": [],
"projects": [
"Political Economy"
],
"regions": [
"India"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
SC Only Quashed RBI Circular on Bad Loans, the Insolvency Law Still Hangs on Private Firms
The Supreme Court’s recent decision striking down the RBI’s February 2018 circular on bad loans highlights something significant about the state machinery—the extent to which it can be a source of risk for private businesses.
Published on Apr 5, 2019
Source: Print
The Supreme Court’s recent decision striking down the RBI’s February 2018 circular on bad loans highlights something significant about the state machinery — the extent to which it can be a source of risk for private businesses.
In that sense, the ruling provides an immediate relief to promoters in the power sector — mainly because the petitions challenging the RBI circular were primarily filed by power sector companies — from being dragged to insolvency courts under the Narendra Modi government’s 2016 legislation, the Insolvency and Bankruptcy Code (IBC).
About the Author
Anirudh Burman
Former Associate Research Director and Fellow, Carnegie India
Anirudh Burman was an associate research director and fellow at Carnegie India. He works on key issues relating to public institutions, public administration, the administrative and regulatory state, and state capacity.
- The Best of Ideas and Institutions, 2023
- Understanding Data BusinessesCommentary
Anirudh Burman
Recent Work
More Work from Carnegie Russia Eurasia Center
- Could Migrants From India and Africa Solve Russia’s Labor Shortage?Commentary
The demands of the Kremlin’s war in Ukraine, demographic problems, and public hostility toward Central Asians mean Russia does not have enough workers.
Salavat Abylkalikov
- Russian Market Sours for Belarusian State CompaniesCommentary
Minsk’s faith in the future of its larger neighbor’s economy is fading as Belarusian firms in Russia see record losses.
Olga Loiko
- In Russia, Private Companies Have Been Left to Pick Up the Tab for Ukrainian Drone AttacksCommentary
The cost of air defense has become an unregistered tax on revenue for businesses. While military rents are consolidated in the federal budget, the costs of defense are being spread across the balance sheets of companies and regional governments.
Alexandra Prokopenko
- Russia’s Coal Industry Is Running on Borrowed TimeCommentary
Powerful lobbyists and inertia led to Russia’s coal-mining sector missing an excellent opportunity to solve its structural problems.
Alexey Gusev
- Does Russia Have Enough Soldiers to Keep Waging War Against Ukraine?Commentary
The Russian army is not currently struggling to recruit new contract soldiers, though the number of people willing to go to war for money is dwindling.
Dmitry Kuznets
