Comprehensive Code on Resolution of Financial Firms to be Enacted Allocation of 25,000 Crore Towards Recapitalisation of PSBS Target of Amount Sanctioned Under Pradhan Mantri Mudra Yojana is Proposed to be Increased to 1,80,000 Crore https://www.taxtmi.com/news?id=15782 A statutory Code on Resolution of Financial Firms will be enacted to create a comprehensive resolution framework alongside the insolvency law. Complementary measures include statutory provision for a Monetary Policy framework and Monetary Policy Committee, establishment of a Financial Data Management Centre, development of new commodity derivative products, amendment of the SARFAESI Act to strengthen Asset Reconstruction Companies, strengthening computerized Debt Recovery Tribunals, and recapitalisation and consolidation measures for Public Sector Banks. en-us Mon, 29 Feb 2016 13:21:46 +0530 Mon, 29 Feb 2016 13:21:46 +0530 TaxTMI RSS Generator Comprehensive Code on Resolution of Financial Firms to be Enacted Allocation of 25,000 Crore Towards Recapitalisation of PSBS Target of Amount Sanctioned Under Pradhan Mantri Mudra Yojana is Proposed to be Increased to 1,80,000 Crore https://www.taxtmi.com/news?id=15782 A statutory Code on Resolution of Financial Firms will be enacted to create a comprehensive resolution framework alongside the insolvency law. Complementary measures include statutory provision for a Monetary Policy framework and Monetary Policy Committee, establishment of a Financial Data Management Centre, development of new commodity derivative products, amendment of the SARFAESI Act to strengthen Asset Reconstruction Companies, strengthening computerized Debt Recovery Tribunals, and recapitalisation and consolidation measures for Public Sector Banks. News - Mon, 29 Feb 2016 13:21:46 +0530 https://www.taxtmi.com/news?id=15782