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    Article by the Union Finance Minister on ‘The Fiction of Loan Waiver to Capitalists’
    Cabinet approves continuation of the scheme on Indian Institute of Corporate Affairs beyond the 12th Plan Period
    Strengthening Start-Up India, Incubation and Skilling in India: IICA, Atal Innovation Mission and HVSU Celebrate National Entrepreneurship Day 2017;
    FM: India has pledged unequivocal commitment for furthering the cause of New and Renewable Energy;
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    November 29, 2017
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    Loan waiver rumour debunked: government used IBC and recapitalisation to tackle large NPAs and bar wilful defaulters.
    Government denies waiving loans of large defaulters, instead enforcing recognition of NPAs revealed by Asset Quality Review, requiring upfront provisioning, and using the Insolvency and Bankruptcy Code with referrals to tribunals for timebound recovery. An ordinance bars wilful defaulters from participating in resolution processes. Concurrently, substantial recapitalisation of Public Sector Banks-through bonds, budget provision and market dilution tied to reforms-was announced to restore bank strength and enable credit flow to honest borrowers.
    November 22, 2017
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    Continuation of institutional funding for corporate governance training secures grants to sustain IICA and boost CSR and policy research capacity.
    The Cabinet approved continuation of the scheme for the Indian Institute of Corporate Affairs with authorised grants-in-aid to support IICA's role in corporate governance training, policy research, stakeholder services, and the National Foundation for Corporate Social Responsibility, while targeting institutional self-sustainability and enhanced employability outcomes through partnerships and capacity building.
    November 9, 2017
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    Start-up and skilling collaboration fosters incubation and capacity building to align industry linked courses with national priorities.
    Two MoUs between IICA, Atal Innovation Mission and Haryana Vishwakarma Skill University establish a collaborative framework to promote entrepreneurship, incubation and large scale skill development by delivering capacity building programmes, research, and incubation infrastructure; prioritising industry linked courses, upgrading skills to international standards, and creating standards, curriculum and quality assurance frameworks through stakeholder engagement.
    November 2, 2017
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    Solar finance partnership deepens cooperation to mobilize green investment and support solar projects in developing countries.
    A Joint Financial Partnership Declaration between the ISA and EBRD establishes cooperation to mobilise green energy financing, support solar investments in least developed countries, reduce the cost of finance and technology, and develop innovative credit enhancement and risk mitigation mechanisms to improve the bankability and affordability of solar projects across ISA member states.

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