The Hindu Profile picture
May 23 5 tweets 3 min read
#DataPoint | Six years since the implementation of the #IBC, the resolution process continues to be mired in problems of systemic delays and steeper haircuts. (1/5)
#DataPoint | This chart shows the share of companies that were liquidated, approved, settled and withdrawn among the cases for which the resolution process was completed. (2/5)
#DataPoint | This chart shows the number of days taken to complete the resolution process. (3/5)
#DataPoint | The chart shows the liquidated value of assets and actual value realised through the process as a % of outstanding claims. (4/5)
#DataPoint | This chart shows the share of haircuts taken by the lenders. Each circle denotes a company for which the resolution was approved. (5/5)

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More from @the_hindu

May 22
#JustIn | Finance Minister #NirmalaSitharaman said that the entire duty reduction in petrol and diesel has been done out of the RIC component of the taxes levied on petroleum products so the burden of the tax cuts will be borne solely by the Centre. | @tragicosmicomic reports
Allaying concerns that the duty cuts will lower the devolution of taxes to States, Finance Minister #NirmalaSitharaman said that the basic excise duty on petro products, which is sharable with states 'has not been touched'. | @tragicosmicomic reports
Total taxes levied on petrol and diesel include a Basic Excise Duty, a Special Additional Excise duty, the Road & Infrastructure Cess and Agriculture & Infrastructure Development Cess, of which only BED is sharable with States, the minister pointed out. | @tragicosmicomic reports
Read 5 tweets
May 22
Just in | Raj Thackeray on postponing his #Ayodhya visit: "A trap was laid out for me. False cases were to have been slapped on #MNS workers had they accompanied me. But I did not fall for this trap as I did not want my MNS activists to languishing in jails there." | @ShoumojitB
Targeting #BJP MP Brij Bhushan Singh, who had opposed Mr. Thackeray's visit, the MNS chief said: "Why have certain people awakened to the fact after 14-15 years that I must seek an apology for the alleged mistreatment of north Indians?"
Targeting #NCP chief Sharad Pawar, Mr. Thackeray questioned why Mr. Pawar thought Mughal Emperor Aurangzeb to be "a Sufi saint."
Read 4 tweets
May 21
FM #NirmalaSitharaman announces a slew of measures to curb inflation, citing PM #NarendraModi's commitment to help the poor and common man, including a Rs.8 reduction in central excise duty per litre of #petrol and a Rs.6 cut in the duty on #diesel, reports @tragicosmicomic
She exhorted all States, especially those that had not cut State levies when central #taxes on #fuel products were cut the last time in November 2021, to implement a similar cut and give relief to the common man.
A subsidy of Rs. 200 per gas cylinder for upto 12 cylinders a year, will be granted to over 9 crore beneficiaries of the PM Ujwala Yojana.
Read 5 tweets
May 20
SC shifts #Gyanvapi case from the civil judge court to the higher District Judge Court of #Varanasi. Says the complexities of the case require a "senior and experienced official", reports @kdrajagopal
SC directs #Varanasi District Judge to decide mosque caretaker's plea under Order 7 Rule 11 CPC (asking the Hindu women who have filed the suit to show a cause of action or legal injury) to be decided on priority.
Meanwhile the SC's May 17 order securing the area of the reported 'Shivling' and giving Muslims access to offer namaaz in the mosque to remain operational.
Read 4 tweets
May 20
Just in | SC informs from the interim report of the #Pegasus committee that 29 mobile devices have been received with suspected malware. Statements of some of the petitioners have been recorded. | @kdrajagopal reports Image
The committee is also contacting individuals, agencies for their comments. Committee says its report along with Justice Raveendran's recommendations on issues of #privacy and cyber protection will be received by end of May.
Committee has sought extension of time to complete its work.
SC agrees. Extends the time.
Read 4 tweets
Apr 18
Just in | #Inflation in India's wholesale prices hit a 4 month high of 14.55% in March, from 13.11% in February, driven by accelerating price rise across all categories of goods, with fuel and power as well as primary articles driving most of the gains., reports @tragicosmicomic
While the wholesale food prices index inched up marginally from 8.47% in February to 8.71% in March, manufactured products inflation moved up from 9.84% to 10.71%. However, the month-on-month change in the index for manufactured goods was sharper at 2.31%.
Fuel and power inflation surged to 34.52% in March, compared to 31.5% in February, while inflation in primary articles accelerated from 13.39% to 15.54%.
Read 5 tweets

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