With the increasing growth and development witnessed in recent
times, India is becoming an industrious country, reaching greater
heights of business operations. Rise in the aspirations of the
entrepreneurs often leads to raising of capital in order to fulfil
the demands being made to them. The country has been facing the
threat posed by the bad debts or non-performing assets (hereinafter
referred to as "NPA") which are loans or advances for
which the payment remains outstanding.
Role of the Finance Ministry
One of the most vital ministries of the country, responsible for
the regulation and management of the economy of the country is the
Ministry of Finance (hereinafter referred to as the
"Ministry"). The Ministry concerns itself with taxation,
financial legislation, financial institutions, capital markets,
centre and state finances, and the Union Budget.
