Emergency Credit Line Guarantee Scheme expansion extends coverage and raises credit limits for hospitality, travel, tourism and civil aviation sectors.
Extension of ECLGS 3.0 to 31.3.2023 expands eligibility to borrowers who borrowed after 31.3.2021 up to 31.1.2022 and to individuals and proprietary concerns, clarifies covered businesses, and revises reference dates. The permissible emergency credit has been increased to 50% of relevant outstanding credit for eligible borrowers with prescribed per borrower caps; civil aviation borrowers may access non fund based facilities and higher caps. Non fund facilities under the scheme will be issued without cash margin and subject to a fee/commission cap of 0.5% per annum.

Corporate insolvency resolution process saw significant admissions over two years, with outcomes including resolution and liquidation.
Admissions under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016 totaled 1,060 cases across the two reported years. Reported outcomes for admitted matters include appeals/reviews/settlements, withdrawals under section 12A, resolution plans, liquidations, and ongoing proceedings; a substantial portion of matters remained ongoing as of 31 December 2021. Further details are available on the Insolvency and Bankruptcy Board of India website.

Corporate fraud investigation strengthened: SFIO oversight alongside mandatory fraud reporting and enhanced governance measures.
SFIO is statutorily recognised under the Companies Act, 2013 and receives Central Government orders to investigate alleged corporate frauds involving misappropriation of funds and cheating of lenders. The Government has introduced measures including fraud as a substantive offence, mandatory Director Identification Numbers, professional verification on incorporation, auditor and audit professional reporting obligations with penalties for non compliance, a Central Scrutiny Cell for form scrutiny, and enhanced surveillance of listed company disclosures to detect financial reporting irregularities.

Corporate insolvency resolution process shows sustained admissions and multiple resolutions delivering realisable value for creditors.
Corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016 recorded more than 4,000 admitted cases since FY 2016, with annual admissions rising through 2019-20 and moderating in 2020-21. Separate data show 359 resolved cases producing substantial realisable value for creditors; the release provides year wise counts of resolved cases with total admitted claims and corresponding realisable value for each reported year.

Corporate insolvency resolution process restores significant recoveries for financial creditors, exceeding liquidation value and improving claim realisation.
Banks initiated CIRP in twelve large accounts under the Insolvency and Bankruptcy Code, with eight accounts resolved, two ongoing, and two liquidated. For the eight resolved debtors, the collective liquidation value was substantially lower than recoveries under approved resolution plans; approved plans yielded recoveries equal to 221% of liquidation value and 51% of admitted financial claims.

Abuse of dominant position scrutiny expands to e commerce, with most cases disposed and platform transparency measures urged.
The document reports regulatory attention on abuse of dominant position and anti competitive practices by enterprises, including e commerce platforms, under Sections 3 and 4, noting that the Commission has disposed of most filed cases. It also summarises Commission initiatives to enhance competition-market studies (including on e commerce), competition assessment of concession agreements, advocacy outreach, IT and regional office upgrades, a green channel for combination filings, international cooperation-and recommends platform self regulation on ranking transparency, data use, review mechanisms, contract revision notices, and discount policies.

Privatization and Disinvestment consultation to shape a time-bound implementation strategy and asset monetization framework post-budget.
Apex-level consultative webinar by the Department of Investment and Public Asset Management with NITI Aayog will gather 22 ministries, PSE senior management, global and domestic investors, and experts to elicit views for a time-bound implementation strategy focused on Privatization and Disinvestment and Asset Monetization of Core and Non-Core Assets, with participant inputs to shape policy formulation and execution.