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…