- 28 Jul 2020
- 1 min read
India needs a financial crisis agency to handle impact of Covid and future disasters
The Financial Stability and Development Council was set up by the Indian govt to safeguard against crises, but its non-statutory status poses major limitations.
This opinion was published in ThePrint on July 28, 2020.
About the Authors
Aishwarya is a Research Fellow working in the area of Corporate Law and Financial Regulation. At Vidhi, she has primarily worked on engaged/commissioned projects from various ministries, statutory authorities and regulators, where she provides legal research and drafting support at various stages of law-making. Aishwarya works on a variety of legal and regulatory matters and allied issues in public policy, chiefly related to insolvency laws, competition laws and corporate governance laws. Aishwarya graduated with a B.A. LL.B (Hons.) from Jindal Global Law School (JGLS) in 2017. During her time there she worked on two human rights reports and attended specialised courses in Advanced Corporate Law and Competition Law. She has also interned under Senior Advocate Ramji Srinivasan, in Avantha Holdings Ltd. and in leading law firms.
Astha is a Senior Resident Fellow working in the area of Corporate Law and Financial Regulation. Her research interests include company law, corporate governance and financial regulation. She completed her B.A.,LL.B. (Hons.) from the NALSAR University of Law in 2014 and her LL.M from the University of Cambridge in 2015. She has served as an editor of the NALSAR Student Law Review and the Cambridge Journal of International and Comparative Law. Prior to joining Vidhi, she was an associate at AZB & Partners, Mumbai.
Issuing Bharat Navnirmaan Bonds for Management of National Emergencies
Raising finances during COVID-19 by issuing bonds or debt instruments to the public
Enacting a Financial Relief and Protection Legislation
Need for a law to rebuild India’s economy ailing from the Covid-19 crisis
Creating a Crisis Management Agency for the Financial Sector
The need to create a streamlined statutory system dedicated to a more formal and cohesive approach to financial crisis managementPrivacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.