Tag: Debt Distress

As part of the Emerging Markets Finance Conference, 2017, organised by IGIDR in collaboration with Vanderbilt Law School, Bindu Ananth joined a discussion on India’s new personal insolvency and bankruptcy regime, along with Prof. Adam Feibelman of Tulane University Law School and Renuka Sane, Associate Professor, NIPFP.

The past year has seen many commentaries on the rapid expansion of microfinance in India warning of the imminent consequences of unbalanced growth.

Rapid expansion in the microfinance sector has been credited with advancing financial inclusion in India, even as much of this growth has focused exclusively on simple group loans and credit-linked insurance.

Both financial inclusion and financial stability are high on international policy makers’ agenda. For instance, the G-20 has called for global commitments to both advancing financial inclusion (the Maya Declaration and the Global Partnership for Financial Inclusion) and enhancing financial stability (the Financial Stability Board, Basel III Implementation, and other regulatory reforms).

We recently hosted a series of knowledge management sessions at our office, as part of which we had invited Richa Roy of AZB & Partners as one of the speakers.

The All-India Debt and Investment Survey (AIDIS) is a survey conducted by the National Sample Survey Office (NSSO) at decennial intervals through household interviews from a random, nationally representative sample of households

Microfinance has long been seen by many as a panacea for fighting poverty by providing access to financial services to low-income population considered unbankable by the traditional financial system.

I recently had an opportunity to read an interesting book on farmer suicides in the Yavatmal district of Maharashtra by Secretary Health Meeta Rajiv Lochan1 (meeta29 [at] hotmail.com) and Professor Rajiv Lochan2 (mrajivlochan [at] hotmail.com).

While the corporate insolvency framework has seen a lot of activity, the individual insolvency framework in India consists merely of a pair of statutes legislated in the British era which today lie dormant for all practical purposes.

IFMR Finance Foundation is working on understanding the regime for corporate and individual insolvency in India, as part of our mandate on financial systems design. We will be regularly showcasing our learnings on this front as a part of this new blog series called “Insolvency in India”. We start off by looking at the legal framework for corporate insolvency in India.