Tag: India

PolicyTrade

Western Nations Intensify Efforts to Curb Russian Oil Purchases by Major Asian Economies

The United States and Britain are escalating efforts to limit Russia’s oil revenue streams amid ongoing conflict in Ukraine. Recent developments include diplomatic pressure on India and new sanctions targeting Russian and Chinese energy entities involved in petroleum trade.

Diplomatic Pressure Mounts on Asian Oil Buyers

Western powers have significantly increased pressure on key allies and trading partners to reduce their reliance on Russian oil exports, according to recent reports from diplomatic and industry sources. The coordinated effort comes as the conflict in Ukraine continues to impact global energy markets and international relations.

by Sarah Collins
BusinessEconomy

India’s Bankruptcy Reforms Face Implementation Hurdles as Recovery Rates Lag

India’s landmark bankruptcy reforms face significant implementation challenges nearly a decade after their introduction. Reports indicate 78% of ongoing insolvency cases exceed the 270-day deadline while recovery rates remain modest at 32%. Judicial delays and infrastructure limitations continue to hamper the system’s effectiveness despite recent government proposals for reform.

India’s Bankruptcy Reform Struggles With Implementation Challenges

India’s ambitious insolvency reforms, introduced in 2016 to transform what was once described as a “defaulter’s paradise,” are facing significant operational hurdles according to recent analyses. The system that promised to resolve bankruptcies within 270 days and dramatically improve recovery rates for creditors continues to struggle with delays and modest outcomes nearly a decade after implementation.

by Natalie Brooks