In 2013, China introduced its new monetary infrastructure to the world, naming it as a modern-day Silk Road, invigorating the historic mercantilism routes between Europe and Asia. In 2018 a harsh name was given thereto – “the debt-trap diplomacy”. The Chinese Government has typically been the defendant of putting different nations in debt traps on the…
FINANCE BILL Article 110 of the Constitution of India defines the Money bills and specifies the concepts touching. The finance bill is also considered as a specie of the Money Bills ,which is expressly included in the union budget as an important part of it dealing with certainly legal amendments which are required for the changes in taxation schemes and policies. The authority…
There are several differences between Chapter 13 and Chapter 7 which offer special advantages under the right circumstances. The most common types of personal bankruptcy are Chapter 7 and Chapter 13 bankruptcy. A Chapter 7 bankruptcy is an “erase-your-debts-and-start-fresh” bankruptcy. The Chapter 7 case typically takes around four to five months and most unsecured debts…
INTRODUCTION A bank should ensure that it will receive the loan back on time before issuing loans and advances. A borrower provides security to a lender in exchange for assurance that he or she will return the loan. Due to the high rate of default on loans, borrowers are required to deposit assets or provide…
The Central government introduced the Insolvency and Bankruptcy Code(IBC) in 2016 to resolve claims involving insolvent companies. This was intended to tackle the bad loan problems that were affecting the banking system. Two years on the IBC has succeeded in a large measure in preventing corporates from defaulting on their loans. The IBC process has…
A very reputed businessman, who had established various branches of his brand in different cities across India was accused of false cheque bounce case by a bank. The amount charged on him was huge as well. But he took the right decisions quickly without wasting time thinking about how his reputation is now harmed. He…
The pandemic has caused unprecedented crises and disruption around the world. It has caused the greatest pain to those already most at risk, creating hardship and unease among low-income families and micro-businesses. Existing inequalities have been exposed and new ones created. The crisis has once again brought the idea of Universal Basic Income (RBI) to…
Introduction With the remarkable turn of events and phenomenal headways in the field of innovation in India, particularly with the development of COVID-19, the fintech area has been on a way of consistent ascent. With the acquiring prevalence and mindfulness among individuals of India concerning cryptographic money like Bitcoin, Ripple, Dogecoin, and so on, many…
ABSTRACT Global financial institutions play a crucial role in routing funds across countries and, as a result, in passing monetary policy from one country to the next. In this research, we investigate whether worldwide transmission is influenced by the business structures of financial organisations. We use secret supervisory data from the Netherlands, Spain, and the…
India has reported 54,069 fresh cases, 6.3% higher than yesterday. This is the second day that India’s COVID tally has been higher than that of the previous day’s. In the last 24 hours, 1,321 COVID deaths have been reported, taking the caseload and death toll to 30,082,778 and 391,981 respectively, according to the Union health…
