LEGAL PRACTICES OF INSOLVENCY AND BANKRUPTCY IN INDIA

Bankruptcies have historically followed the business cycle closely. Failure of certain company strategies is a natural part of the market economy’s process. When a firm fails, the optimum outcome for society is a quick renegotiation between financiers, to fund the going concern with a new structure of obligations and a new management team. The purpose of bankruptcy legislation is to recover an entity’s debt and distribute its assets among competing claimholders. As a result, the RBI’s asset quality reviewers identified an extremely high number of NPAs. The government’s most major change is the insolvency and bankruptcy legislation. On the heels of the adoption of the Insolvency and Bankruptcy Code, India jumpedfrom 108thto 52nd in the resolving insolvency category, while its rating improved significantly in dealing with construction permits to 27th from 52nd and trading across borders to 68th from 80th. The purpose of this study is to look into the regulatory framework in India for insolvency and bankruptcy. The impact of insolvency and bankruptcy Code on the Indian economy is also discussed in the study. KEYWORDS: Insolvency, Bankruptcy, Code, Regulatory, SARFAESI Act, National Company Law Appellate Tribunal (NCLAT)

Overview of Manually Operated Paddy Transplanter

Agriculture is the most important sector in the Indian economy. It is the most important source of employment for most of the country’s labor force. In 2012, about 49% of the labor force was engaged in agriculture. The highest proportion of these is in the rice sector. Rice is the country’s main stable food. The release of labor to sectors other than agriculture is important to the development of the country. The mechanization of rice fields has played an important role in liberating labor. Feeding a growing population is a huge challenge. The import of rice will cause the country’s economy to drain. The mechanization of the rice sector will lead to higher productivity and release labor to other sectors. The goal of the project is to design a rice transplanting mechanism for small farmers in the country to transplant rice seedlings.

Dr. Bhimrao Ambedkar’s Thoughts on Economy Reform

In this chapter, I have analyzed economic thoughts of Dr. B. R. Ambedkar, mainly economic ideas reflected in his writings such as, ‘The Problem of Rupee: Its origin and its solution’, ‘The Evolution of Provincial Finance in British India: A Study in the Provincial Decentralization of imperial finance’, It can be said that Indian economy at present is facing many problems similar to that at the time of Dr. B. R. Ambedkar as instability of money leading to inflation, its socioeconomic implications and its unequal effects on various strata of society, uneconomical public expenditure and rising fiscal deficits, increasing inequalities of income and wealth, and so on. Are Ambedkar’s economic thoughts relevant to understand these problems as well as to provide its solutions? Analyzing his economic ideology, it can be said that India could have been more inclusive if his ideas had been followed in its true spirit. So we can say that India needs to follow his economic ideology in her short term as well as long term economic planning and policy making to shape Inclusive India.

PILLARS OF INDIAN ECONOMY IN COVID-19: COMPREHENSIVE STUDY OF FARMING & AGRO BASED INDUSTRY

The country was under lockdown from more than two months due to COVID-19. In this crisis, the farmers have not allowed food security to be endangered. Moreover, they have increased food production despite all the obstacles. Right now, farmers are facing many obvious and climatic problems. Prime Minister of India has said that we have to convert this crisis into opportunity. The solution to farmer’s problems is necessary, to make the country Atmanirbhar Bharat and to take it rapid fast on the path of progress. The outbreak of this epidemic has come at a time when the harvesting of Rabi crops had already started. However, taking necessary steps, Ministry of Agriculture has worked with all agencies of selling and buying agricultural products, units notified by the state governments, farmers and agricultural labourers along with machines used in harvesting and sowing and agro-horticulture exempted from and out of state. In addition, the All India Transport Call Centre was launched to remove bottlenecks in the movement of seeds, pesticides, fertilizers and fruits, vegetables, milk, eggs, fish and other perishable agricultural products

Sustaining India's Gig Economy in Industry 4.0

Today's corporate landscape is undergoing a transformation process, and India is not untouched by these phases of transition as humans are replaced by computers and brick-and-mortar firms are substituted by e-commerce companies. In the midst of these shifts, issues such as labour dynamics have changed dramatically. One such consequence is the Gig Economy. With the gradual improvement in the labour market and the focus of government on localisation, it remains important to analyse the widespread influence of growing gig culture in making India a self-reliant economy. This chapter of the book therefore seeks to review the different components of the gig economy along with the advantages and disadvantages and how gig can contribute towards a localised and self-reliant Indian economy. The chapter also evaluates the regulatory framework of the gig economy in India. The chapter also proposes a conceptual model incorporating various pillars that could serve as an analytical framework for the rapidly increasing number of concepts and policy proposals.

Facets of the Gender Gap in Labour Force Participation and Economic Empowerment Disruption

According to Centre for Monitoring Indian Economy (CMIE) data, the average employment for January 2019-March 2020 was 403 million, which declined to 282 million in April 2020 and recovered steadily thereafter to reach 393million by August 2020. In India, female labour force participation is abysmally poor and has declined over the years, despite a rise in education. The causes for this are complex and, aside from objective factors, include a whole variety of social and cultural aspects. One of the factors causing this is the social mentality of women becoming homemakers. Furthermore, the scarcity of schooling and work-oriented courses, the lack of mobility, and sexism in the workplace have been deterrents to women's access to the public workspace. Therefore, initiatives that aim to fix this void need to be holistic. Legislation alone is not enough, and to close this gap, all stakeholders should join hands. The chapter attempts to analyse facets of the gender gap in labour force participation and economic empowerment disruption through the pandemic.

Impact of the Pandemic on the Indian Economy and Wellbeing

The goal of the study is to look at the impact of COVID-19 on major industries including automobiles, wellness, education, tourism, and many others, as well as migrant workers' status. COVID-19, a sudden epidemic, has had a devastating impact on the Indian economy. The migrant population was also affected by this situation. They were concerned about labor shortages, monthly rationing, and social insurance shortages. In this investigation, secondary data was gathered. The study focuses on the influence of COVID-19 on important industries such as automotive, wellness, education, tourism, and so on, as well as the position of migrant workers. Secondary data was acquired for this inquiry. Blogs, magazines, newspapers, news from foreign agencies, written academic papers, government materials, and websites are examples of secondary sources. Educational institutions, customers, legislators, the government, and the community will all profit from this research.

Is Agripreneurship a Mitigating Measure for Agricultural Issues in India ?

The agriculture sector is considered the mainstay of Indian economy because it is a significant source of raw materials for industries and demands for many industrial products particularly fertilizers, pesticides, agriculture implements, and a variety of consumer goods. Agriculture takes up new scope and shape and is no longer the customary cultivation of crops and nurturing of animals or an enterprise for the rural people. Agripreneurship may be defined as the amalgamation of agriculture and entrepreneurship. It is the choice to assimilate in the quest to make agriculture an enterprise of adjuration in contemporary business engagements. If agriculture must alter from its largely sustenance status to becoming a competitive enterprise in the gauging of entrepreneurs, incorporation of business concepts in maneuvering issues of agriculture is the way to go. The present study is a review work engrossed in using agribusiness to boost job creation and raise productivity and the income bases of farmers.