This being the last full budget to be presented by this Government before the general elections in 2024, there are number of political, economic, and social factors at work that may have an impact on the Union Budget 2023-24. This budget also comes at a time when the global economy is witnessing a slowdown and is on the verge of recession; however, the outlook for the Indian economy remains largely positive, with IMF and World Bank describing India as a bright spot in the global economy.
Amongst several important decisions in this Budget session, the government is expected to consider amending the Insolvency and Bankruptcy Code (IBC/Code) in response to calls from stakeholders. The key expected amendments could be a swift and quick admiss…
Read the full article at: https://economictimes.indiatimes.com/small-biz/legal/will-the-upcoming-budget-make-reforms-to-the-insolvency-and-bankruptcy-code-2016/articleshow/97488060.cms