Lok Sabha approves Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011

Lok Sabha approved Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 which seeks to change the system of debt recovery. The Bill seeks to convert any part of debt of a defaulting company into shares by the asset reconstruction company.

Why this amendment was essential? How the current amendment would help?

European Union receives 2012 Nobel Peace Prize

The 27- nation bloc, the European Union, received 2012Nobel Peace Prize for turning Europe "from a continent of war to a continent of peace" in the wake of two world wars.
The award was conferred by Norwegian Nobel Committee chairman Thorbjoern Jagland to EU President Herman Van Rompuy, European Commission President Jose Manuel Barroso and European Parliament President Martin Schulz in the Norwegian capital, Oslo.

Month:  Categories: Persons in NewsPlaces in News
Tags: