Bhushan Steel ruling misses big picture

The Supreme Court could have weighed the economic consequences of liquidation | Photo Credit: Akhilesh Much has already been written about the far-reaching consequences of the Supreme Court’s recent judgment in the Bhushan Power & Steel Ltd. (BPSL) case, which marks a pivotal moment for India’s insolvency regime. The judgment cited procedural lapses by the…

RBI’s Record Rs 2.7 trillion dividend to Government fueled by dollar sales and interest gains: SBI Report

The Reserve Bank of India (RBI) has transferred a record dividend of nearly Rs 2.7 trillion for the fiscal year, according to a report by the State Bank of India (SBI). The bumper payout—well above the Union Budget’s estimate of ₹2.56 lakh crore—was driven by strong foreign exchange market interventions, robust dollar sales, and rising…

Growth: A district-led approach – The Hindu BusinessLine

India’s robust GDP growth is often celebrated as a sign of economic vitality. But this headline number hides a more complex reality: an analysis of district domestic product (DDP) data across States demonstrates that India’s economic activity is driven disproportionately by a handful of districts, while vast regions remain economically marginalised. Without a sharper focus…

Thailand readies homecoming for stolen ancient statues located in US museum | Arts and Culture News

Bangkok, Thailand – Over several years in the mid-1960s, the crumbling ruins of an ancient temple in northeast Thailand were picked clean by local looters. Possibly hundreds of centuries-old statues that were long buried beneath the soft, verdant grounds around the temple were stolen. To this day, all the known artefacts from the pillaging spree,…