Bankruptcy - The Statesman


Way to Bankruptcy

NPS was a saviour of the sinking public finances and all state governments expect West Bengal have adopted the NPS one by one, the last being the then left-ruled state of Tripura in 2015. NPS had restored some discipline in public finances and contributed to making the states generate surpluses in their revenue accounts. Now the backward march will certainly take the states and the nation to the brink of financial disaster

After FTX, now crypto finance firm BlockFi files for bankruptcy

BlockFi and eight of its affiliates have filed for Chapter 11 bankruptcy Code in the US Bankruptcy Court for the District of New Jersey to provide the company with the "opportunity to consummate a comprehensive restructuring transaction that maximises value for all clients and other stakeholders".