Ruchika Chitravanshi, Sanjeeb Mukherjee, Nivedita Mookerji

Stories by Ruchika Chitravanshi, Sanjeeb Mukherjee, Nivedita Mookerji

Breaking up bad assets: Can IBBI's part-resolution rewire insolvency rules?

Breaking up bad assets: Can IBBI's part-resolution rewire insolvency rules?

Rediff.com   7 Jul 2025

The recent notification by the Insolvency and Bankruptcy Board of India (IBBI) allowing part-resolution of stressed assets of companies under the insolvency process has sent many resolution professionals (RPs) and committees of creditors (CoCs) back to the drawing board to reassess their strategies for resolving corporate insolvencies.

'I've No Desire To Be Prime Minister'

'I've No Desire To Be Prime Minister'

Rediff.com   4 Jul 2025

'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'

Govt unveils Rs 2 trillion dose for jobs, R&D, innovation, growth push

Govt unveils Rs 2 trillion dose for jobs, R&D, innovation, growth push

Rediff.com   2 Jul 2025

In a double-dose bid to boost growth and employment prospects, the Union Cabinet on Tuesday approved a Rs 2.07 trillion outlay for a research development and innovation (RDI) Scheme to fund private sector innovations, and an employment-linked incentive (ELI) to create over 35 million new jobs over the next two years.

Rare earth curbs to hit EV, RE, defence sectors

Rare earth curbs to hit EV, RE, defence sectors

Rediff.com   28 Jun 2025

India's macroeconomic health is in a "relative goldilocks situation", and although the risk of higher landed oil prices, due to insurance cost surges and closure of choke points due to the brief Israel-Iran war, has receded, it is "too soon to sound the 'all clear' for the rest of the year", the Finance Ministry said on Friday.

Adani, 4 others submit Rs 10k-11k cr bids for Jaiprakash Associates

Adani, 4 others submit Rs 10k-11k cr bids for Jaiprakash Associates

Rediff.com   26 Jun 2025

Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PSP Projects are the final bidders and the offers range from Rs 10,000 crore to Rs 11,000 crore, said a source close to the development.

Rice Output May Hit Record High Of 149m Tonnes

Rice Output May Hit Record High Of 149m Tonnes

Rediff.com   23 Jun 2025

This would be due to early monsoon onset, abundant precipitation in the soil and the government's higher minimum support price (MSP) for farmers, the USDA said in its assessment.

'My Job Is To Be A Facilitator'

'My Job Is To Be A Facilitator'

Rediff.com   23 Jun 2025

'My job is to provide people with a bouquet of options they can choose from.'

74% rural households expect income growth in 1 yr: Survey

74% rural households expect income growth in 1 yr: Survey

Rediff.com   18 Jun 2025

Around 74 per cent rural households expect their incomes to increase in the next one year, according to a bimonthly survey conducted by the National Bank for Agriculture and Rural Development (Nabard) in May 2025. The percentage recorded was 72 in March.

Will Delhi Get Respite From Heat Wave By June 25?

Will Delhi Get Respite From Heat Wave By June 25?

Rediff.com   14 Jun 2025

Heatwave may abate over most parts of North India in next two days; temperatures likely to drop by 2-3C.

Lesson from 2009: Early Monsoon, Not Always Good

Lesson from 2009: Early Monsoon, Not Always Good

Rediff.com   2 Jun 2025

The last time the southwest monsoon arrived earlier than in 2025 -- that is, back in 2009 -- the rains lost steam after the early onset and ended the season with almost 23 per cent deficient rainfall, which was the lowest recorded average rainfall in several decades over India.

Flash Flood Threat Grows with Monsoon Changes

Flash Flood Threat Grows with Monsoon Changes

Rediff.com   30 May 2025

The frequency of short-duration, heavy rainfall events over central India and long-duration heavy rainfall events over the north-western coasts of the country has risen considerably in the last few decades.

India's First Gene-Edited Sheep Unveiled

India's First Gene-Edited Sheep Unveiled

Rediff.com   28 May 2025

The edited sheep contains no foreign DNA, distinguishing it from transgenic organisms and paving the way for regulatory approval under India's evolving biotech policy framework.

60% resolution plans under IBC okayed in 3 years: IBBI

60% resolution plans under IBC okayed in 3 years: IBBI

Rediff.com   22 May 2025

As much as 60 per cent of all resolution plans under Insolvency and Bankruptcy Code (IBC) were approved in the last three years alone, with over 30,000 cases having an underlying default of Rs 13.8 trillion getting settled even before admission, according to data till December 2024 released by the Insolvency and Bankruptcy Board of India (IBBI).

'India is on a strong footing, economy is resilient'

'India is on a strong footing, economy is resilient'

Rediff.com   21 May 2025

'We believe that in the new world order FTAs or bilateral trade agreements (BTAs) are the way forward.' 'They are enablers for our participation in global value chains. Today, around 70 per cent of global trade is tied to these chains.'

Big Four rejig IBC verticals with fewer cases getting filed

Big Four rejig IBC verticals with fewer cases getting filed

Rediff.com   20 May 2025

A decline in the initiation of the corporate insolvency process last year is spurring most Big Four firms to rethink and rejig their insolvency verticals to focus on business beyond Insolvency and Bankruptcy Code (IBC), industry experts said. Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84.

India Rolls Out Next-Gen Rice Varieties

India Rolls Out Next-Gen Rice Varieties

Rediff.com   6 May 2025

The varieties will take at least 4 to 5 years to reach farmers after they complete the usual cycle of breeder, foundation and certified seeds.

Uncertainty could hit pvt sector capital formation: FinMin economic review

Uncertainty could hit pvt sector capital formation: FinMin economic review

Rediff.com   30 Apr 2025

The prospect of protracted uncertainties in the global economic landscape not only pose a risk for India's growth outlook in 2025-26, but are also likely to dent the private sector's capital raising and investment plans, the finance ministry averred on Tuesday, cautioning the country's corporates that the era of 'easy pickings' was over.

Gensol promoters likely to come under SFIO glare

Gensol promoters likely to come under SFIO glare

Rediff.com   28 Apr 2025

The government is considering initiating a probe by the Serious Fraud Investigation Office (SFIO) against Gensol Engineering and its promoters, according to sources familiar with the matter. "It is under consideration at this stage. A final decision will be taken soon," a government official said.

How India's agri sector can tackle US tariffs

How India's agri sector can tackle US tariffs

Rediff.com   10 Apr 2025

India's policy for agriculture trade must move commodity-by-commodity to gain maximum benefits as US President Donald Trump's 26 per cent tariff on exports from the country take effect, said agriculture economist Ashok Gulati in a recent policy paper.

Skymet Predicts Normal Monsoon

Skymet Predicts Normal Monsoon

Rediff.com   9 Apr 2025

Skymet expects a good monsoon over western and southern India.