IBC suspension: Bolstering alternatives

The conundrum created by COVID-19 necessitates novel policies and initiatives. In his article in the Financial Times, Yuval Noah Harari  rightly cautions, “….many short-term emergency measures will become a fixture of life,” – requiring an evaluation of the possible consequences of our immediate reactions. This advice resonates particularly in the context of the relaxations related to India’s credit ecosystem announced by the Central Government and the Reserve Bank of India (RBI).

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