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Insolvency law suspended for 6 months, Govt amends law

Insolvency law suspended for 6 months, Govt amends law

In the backdrop of the covid-19 and lockdowns disrupting economic activities, the govt. on Friday promulgated an ordinance to amend the Insolvency and Bankruptcy Code (IBC) following which fresh proceedings can be suspended for up to one year starting from March 25.  The ordinance gives permanent protection to companies for default during …

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PM Modi Launches CHAMPIONS: Technology Platform to empower MSMEs

PM Modi Launches CHAMPIONS: Technology Platform to empower MSMEs

Prime Minister Narendra Modi today launched the technology platform CHAMPIONS which stands for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. As the name suggests,the portal is basically for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding.It is a real one-stop-shop solution of MSME Ministry. This ICT based system …

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