मैं मानव संतान हूं।

मैं सुखी होना चाहता / चाहती हूं।

मैं प्रसन्न रहना चाहता / चाहती  हूं।

हर मानव सुखी होना एवं प्रसन्न रहना चाहता है।  

मैं समझना चाहता हूं समझने पर मैं सुखी और प्रसन्न होता हूं।

मैं अपने शरीर को समझना चाहता / चाहती हूं।

मैं अपनी क्षमताओं को समझना चाहता / चाहती हूं ।

मैं अपने आसपास की वस्तुओ को समझना चाहता / चाहती हूं।

सभी मानव ऐसा ही चाहते हैं। समझ कर ही मानव समझदार मानव कहलाता है।

मैं समझदार बनना चाहता / चाहती हूं।

हर मानव समझदार हो ऐसा मैं चाहता / चाहती हूं।

हर मानव समझकर ही निरंतर सुख पूर्वक जी सकता है।

यही मानव की मूल चाहत है।

यही मानव लक्ष्य है।

What is Debt Restructuring?

Corporate debt restructuring refers to the reformation of a business entity that is in financial trouble. The main aim refinances its existing debt obligations in order to gain more flexibility in the short term and make their debt load more manageable.

This process is usually done by the creditors and the management of the company, which is in distress. It is outside the purview of BIFR (Board for Industrial and Financial Reconstruction), DRT and other legal proceedings.

What is Debt?

Debt is money borrowed by one party from the other to meet the financial need. Many organizations use debt to purchase goods and services that they cannot pay for in cash.

The objects of the CDR mechanism

The objective of the Corporate Debt Restructuring (CDR) framework is to;

“To ensure a timely and transparent mechanism for the restructuring of corporate debts of viable entities facing problems, for the benefit of all concerned.”

“To aim at preserving viable corporates that are affected by certain internal and external factors”.

“To minimize the losses to creditors and other stakeholders through an orderly and co-ordinated restructuring programme”.

How to Achieve Debt Restructuring:

Companies can achieve debt restructuring by negotiating directly with creditors to restructure their loan payment terms. Debt restructuring is sometimes imposed on a company by its creditors if it cannot make its scheduled debt payments. In CDR financial institutions and/or banks restructure the debt of companies who facing financial distress. Here are some ways in which this can be achieved:

Multinational Corporations may be subject to minimum tax of 15% from 2023. It may be an important and major step of OECD towards in reform of the worldwide tax system.

The system, sponsored by 136 nations, including India. In this reform it was tried to ensure an honest sharing of Taxes for nations where multinationals and worldwide advanced organizations, like Netflix, Google acquire incomes.

The Landmark deal assented by 136 nations and jurisdiction addressing over 90% of worldwide GDP. Most useful MNCs are round the world and it was also ensured in landmark deal that these corporation pay a fair share of tax wherever they operate and generate revenue.

The two-pillar solution is expected to come out in the G20 Finance Ministers’ meeting in Washington DC on 13 October, then at the end of the month at the G20 Leaders’ Summit in Rome.

It is also said in OECD statement, with effective implementation in 2023 various countries are aiming to sign a multilateral convention during 2022.