With over Rs11 lakh crore debt, project investments worth Rs.32.7 lakh crore and cost overrun of Rs14.35 lakh crore is at stake, the current Insolvency and Bankruptcy Code 2016 is a sigh of relief for India's financial institutions.
Tag: CMIE
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Forget elections, fix the economy!
The economy is huffing and puffing. Its health report indicates a serious infection. The economy has been inflicted with two rounds of disruptions which have caused it to sputter; Demonetisation and GST. Before the GDP numbers were recalibrated, the GDP numbers had turned in sub six percent figures.
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CMIE expects output from refineries to rise upto 7%
Centre for Monitoring Indian Economy (CMIE) expects output of petroleum refiners to rise between 3-7 percent in the remaining three months of 2012-13. In a recent report, the research body said the refiners may process around 18.5 million tonne of crude oil in each of the remaining months of fiscal 2012-13.
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