Speed up IBC process, cut PSB stakes: OECD

The OECD has recommended that the Indian government speed up the insolvency and bankruptcy process and decrease its ownership in banks and financial institutions. It also suggested addressing performance gaps, including the increased role of private conglomerates, which can have negative consequences for competition. The agency called for the creation of quality jobs through modernizing labor regulations and skill development programs.

Oct 4, 2023 - 07:30
Speed up IBC process, cut PSB stakes: OECD
The OECD has recommended that the Indian government speed up the insolvency and bankruptcy process and decrease its ownership in banks and financial institutions. It also suggested addressing performance gaps, including the increased role of private conglomerates, which can have negative consequences for competition. The agency called for the creation of quality jobs through modernizing labor regulations and skill development programs.