Human Signature

What is Insolvency and Bankruptcy? Are they different? Insolvency is when an individual or a firm is unable to meet their financial obligations. This is the financial state of the company. Bankruptcy is the legal process that serves the purpose of resolving the issue of insolvency. This is the legal state of the company What is the need for the Act in India? Under the existing archaic-old laws, banks have had a hard time recovering bad debt, with the case of Kingfisher tycoon Vijay Mallya, who owes banks more than US$1.3 billion bringing the issue into focus. In fact, there was no single law dealing with insolvency and bankruptcy in India which leads to overlapping judgements and process becomes extremely cumbersome. Provisions of insolvency and bankruptcy related can found under various Acts: o   The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 o    Presidency Towns Insolvency Act, 1909 o    The Provin

The next Evolution in HR Technology will be far more rebellious than the milder revolutions in the previous historical periods. No new technology since the dawn of the internet has captured the imagination like Blockchain and Chatbots. Imagine your TA team asks SIRI to find the next applicant for a certain role or ability of SIRI to do a compensation analysis based on your voice commands. Imagine you know for sure that each and every word written in a person’s resume is 100% correct and it’s next to impossible to counterfeit Resumes. Things are indeed moving ahead towards these directions. In fact, Recruit Technologies and Ascribe announced in April 2016, a strategic alliance to bring Blockchain Technology to the Human Resources industry to increase transparency and in turn address fraud in HR credentials. They are investigating the possibilities and practical uses of how Blockchain Technology can be applied to the human resources sector; they will begin by developing a

The falling oil prices has helped the government save about USD 1.7 billion in subsidy bills which is major boost to India’s finances. The direct benefit scheme for LPG subsidy, that transfers subsidies directly to beneficiaries through bank accounts, could help the government save about USD2.3 billion every year. Recently economic survey had revealed that India’s rich feed off subsidies worth over Rs. 1 lakh crore a year that are meant for the poor. So did budget consider all the factors.  The BIG Question was….will priority be given to Growth or Fiscal Deficit? People used to big bang announcements will be disappointed. Well in one line this is a social transformative budget which provides roadmap for fiscal consolidation. The thrust has been on three main areas Rural, Agriculture & Social sector. The target for fiscal deficit 2016/17 has been retained at 3.5% of GDP. This is positive for bond market & banking in general. Also will give comfo