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Banks or India Inc.?

Infrastructure players are happy when they can complete a project in a short period of time. Regulatory changes may now undo all the good work the government has put in and may be the cause for project delays across India. The GST regime is estimated an 8-9% “tax impact”. Under the Insolvency and Bankruptcy Code (IBC), the lenders appoint their own person to run the show and virtually take over the assets, leading to liquidation within 180-270 days which has worried the banks about their own survival.  Read more at: http://economictimes.indiatimes.com/industry/banking/finance/banking/banks-or-india-inc-who-will-come-back-from-the-brink-first/articleshow/59404105.cms

 

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