life-changing experience — both good and bad — for many sectors.
Dear Balbir Singh Sooch,
The pandemic has changed the way we live, work, learn, teach, or do business. In the last few months, many companies had to go back to their drawing boards and look for ways to reinvent. It has also been a life-changing experience — both good and bad — for many sectors. In today’s edition, we have a mix of two such stories. We begin with a story that tracks an interesting fight brewing up between a regulator and the constituency it regulates.
ECONOMY + POLICY
Resolution professionals on warpath with IBBI
Insolvency and Bankruptcy Board of India (IBBI) could land in a financial quagmire if a fight with resolution professionals (RPs) doesn't go its way. A regulator established by law, the IBBI gets grants from the government, but it was envisaged that after the initial years, it would raise funds to finance its operations. In September 2018, IBBI decided to introduce a 0.25% ad valorem fee linked to the earnings of the RPs. Many RPs see it as excessive and discriminatory. They feel that though a 0.25% annual fee looks nominal, it’s still a fee and charged without any service or support from the regulator. The matter is now before the Madras High Court.
TECHNOLOGY + STARTUPS
The real test for schools in online teaching
While many businesses have quickly adapted to the work-from-home culture, education, one of the worst-hit sectors by the virus outbreak, has been facing a multi-pronged problem. With classrooms going online, schools are struggling to put in place frameworks for a variety of functions, ranging from maintaining attendance to monitoring student participation. But the hardest nuts to crack have been online examinations and assessments.
TRANSPORTATION
Automakers' drive to recovery begins with rural sales
Pitch fast-moving and popular products — that’s the approach most vehicle manufacturers have adopted for the rural markets at the moment. But in a post-pandemic world, they may have to relook at the marketing tools used so far to woo the upcountry and rural buyers.
Regards,
ET Prime Team