What is the IBC bill?

The Insolvency and Bankruptcy Code 2021 Amendment Bill was introduced to bring in a few changes related to an easy and efficient way of insolvency resolution among the Micro, Small and Medium Enterprises (MSME). This IBC 2021 bill was introduced with the objective of amending the Insolvency and Bankruptcy Code (IBC) 2016. You can read about Insolvency And Bankruptcy Code (IBC) – IBC Amendment Bill 2021 [UPSC Notes GS III] in the given link.

This can save the cost of bankruptcy proceedings and time.

Further readings:

  1. Non Performing Assets (NPA) – Facts for UPSC GS-III
  2. Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19

Related Links

List of Different Types of Banks in India- Category and Functions

The Reserve Bank of India: Functions and Composition

Statutory Liquidity Ratio (SLR) – Definition, Objectives, Impacts

List of Co-operative Banks in India

Indian Banks’ Association (IBA) – A Brief Overview

Cash Reserve Ratio – Importance, Advantages & Effects

Previous Years Economics Mains Questions for UPSC General Studies Paper – 3

Download Indian Economy Notes For UPSC Examination

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