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IBC is short for Insolvency and Bankruptcy Code, a revolutionary law implemented by the government in 2016 for the resolution of corporate insolvency and bankruptcy. Insolvency is a situation that arises due to the inability to pay off debts. Under IBC, there is a shift of power from debtors to creditors who drive the resolution process. Now before we decide whether 180 days is too long or too short for insolvency resolution, let me tell you a story. Let us Imagine that in the coming years, you become an entrepreneur and you set up your own firm. You have a big team, your own cabin and a wonderful office.   Wonderful isn’t it? Everything was going good until you found out that your biggest client has kept the payment of your invoice pending for more than 6 months. Not just you, many other creditors too. Then you get a shock, as you come to know that the company has filed for insolvency. This company owes you 1 crore rupees, you are worried, will I get this money back, or wi...

This was a piece written by me back in December, 2018 which never saw the light of the day until today. I shall follow this up with a part-2 covering the events of the trade war which occurred in 2019. “It is the rise of Athens and the fear it instilled in Sparta, that made war inevitable”. These are the famous words of a Greece historian – Thucydides and it seems very apt in the current trade war between the two most powerful economies of the world – USA & China. Till January 2018, everything was going pretty fine for both parties, the Chinese grew due to exports, Americans could buy things cheap. But then one fine day, Mr. Trump decided to cite the reasons of a threat to National security, Trade deficit, injury to US Industries and lay tariffs on Chinese products. In the course of the trade war Mr. Trump justified his stance by quoting IPR Theft and Unfair trade practices of the Chinese i.e. by not allowing foreign companies to enter the market unless they partner with Chin...

Imagine the day, when our Jawans will not die and their children will not cry… Imagine the future, when our farmers will be able to increase their income and not die in poverty… Imagine the day, when the nation’s poor will not be illiterate but will get access to quality education… Imagine the glorious future, wherein residents of rural areas will not die only because of one reason - a dearth of health-care centers… The three dots at the end are for your imagination for an amazing future, but you will probably be like, Lakshmy… Is this possible? Yes! Don’t just imagine. Embrace the reality. Soon the day will come when our Jawans will not die, and their children will not cry, as artificially intelligent robots will man the border and this is not science fiction! US Defense Agency - DARPA with Boston Dynamics, has created spy robots and drones, which can be sent before soldiers to get information. There is also a state-of-art rough terrain robot called the “BigDog”, which ca...