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Disaster Management Act

Countering unwillful defaults

Suspension of Sections 7, 9 and 10 of the Insolvency and Bankruptcy Code will allow relief to corporates, especially MSMEs, says GAURANG KANTH.

Socio-Economic Crisis

Experience shows that bringing the economy back on the rails cannot be achieved if the workmen are unhappy. The role of the trade unions would have to be considered afresh in the changed circumstances. They have been more or less dormant during the last two decades and are now coming back with a cause, which may not augur well for the industry as a whole.

It’s time to bite the bullet

The Covid shutdowns give the Government an opportunity to simultaneously help those likely to lose employment while reforming labour laws to make India investor friendly, says Saurabh Prakash.

A need for clarity

And as each circular carries a grim warning of non-compliance leading to prosecution in terms of the Disaster Management Act and Section 188 of the Indian Penal Code, it also carries with it the risk of draconian interpretation by those implementing rules on ground.