Pre-packaged resolution for MSMEs yet to unwrap success

Bankers are reluctant to take any MSME through the process anticipating a deep haircut while promoters of MSMEs do not want to risk losing their company to a third party. The government, meanwhile, is considering a similar process for larger companies as delays in cases are seen as potentially diminishing the appeal of the Insolvency and Bankruptcy Code (IBC).

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5 world market themes for the week ahead

The Jackson Hole symposium is just around the corner, bringing together central bank chiefs to tackle the pressing issue of global inflation amidst soaring oil