In the first state Assembly elections since India's slow economic growth has been apparent, the Bharatiya Janata Party (BJP) recently came out victorious. In Himachal Pradesh, the party won by a large margin, securing 44 out of 68 seats, but its chief ministerial candidate lost. In Gujarat, the PM’s...

It's the equivalent of Insolvency Act for Banks. The ‘Insolvency & Bankruptcy Act’ deals with insolvency for corporates (all the current bad loan recoveries are being pursued under this act – one of the reasons India moved up on ease of doing business). This is the equivalent for banks, NBFCs...