The Insolvency and Bankruptcy Code, 2016 is a comprehensive piece of legislation that touches all insolvency and bankruptcy issues of companies, limited liability partnerships (LLPs), limited liability entities, individual and partnership firms.
Digitisation can be considered as substitution of traditional analogue formats to collect, process, store, and transfer data by new technologically advanced methods. Putting it in a pedantic outward appearance, digitisation is the conversion of information into a digital layout.
All states will implement GST by July 2017. The Constitution Amendment Bill for Goods and Services Tax has been approved by the President of India post its approval in Parliament (Rajya Sabha on 3 August 2016 and Lok Sabha on 8 August 2016) and ratification by more than 50 per cent of state legislatures.
The new aviation policy has brought in a lot of forward-looking changes to boost the slumping aviation industry; these changes have been made to make the industry more dynamic and lucrative for all the players and to level the playing field. One of the major changes which have been welcomed by the smaller airlines is that, prior to the policy change, an airline needed to have 20 planes and five years of local operations to fly overseas.
Airports are the next infrastructural buzzword that will be the game-changer in IndiaÂ´s developmental leap. This buzzword is expected to be exploited using existing growth drivers like exponential growth in passenger traffic and incremental cargo volumes over the next decade.