Mandar Kagade, Aalayst at Bharti Institute points out certain fundamental issues with the design of the proposed Bankruptcy Code drawing on economic principles, empirical evidence and Bankruptcy frameworks in US and UK. The article was published on livemint.com on May 10, 2016. To start with a market metaphor: policy wonks, journalists, lawyers, bureaucrats and sundry [...]

RBI and peer-to-peer lending: One step forward, two steps back Regulating P2P companies as non-banking financial companies (NBFCs) and requiring them to adhere to commensurate minimum capital requirements will merely act as an immense market barrier for new start-ups. In the C.D. Deshmukh memorial address that Reserve Bank of India (RBI) governor Raghuram Rajan recently [...]