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IBC amendments to eliminate ‘fly by night’ real estate developers

Earlier this week, President Ram Nath Kovind gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, which allows home buyers to be recognised as financial creditors under the insolvency proceedings. Jaitley said the changes brought about through the Ordinance will help in formalising the real estate …

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WHO launches ‘REPLACE’ to eliminate trans fat in foods by 2023

Elimination of trans fats is key to protecting the health and saving lives, the WHO said. The global health body estimates that every year, trans fat intake leads to over 5,00,000 deaths worldwide from cardiovascular diseases. Industrially-produced trans fats are contained in hardened vegetable fats such as margarine and ghee, …

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