Forbearance has been a part of Indian central banking lexicon for decades - and the practice is difficult to throw out. At the same time, there are lessons from the past that needed to be kept in mind before granting the next boon. To begin with, this is not old wine in a new bottle. Unlike the Corporate Debt Restructuring that was abused, this one is well structured to ensure that only those businesses that fell behind due to the Covid attack benefit and not those already in distress before the virus went viral.
It has kept the spirit of the Insolvency and Bankruptcy Code with a timeline. It expires by December 31 and has to be implemented by June Browse Companies:. Seven years ago Senate Democrats in the majority pulled another lever at their disposal by effectively changing the rules that can end a filibuster. They made it easier for a simple majority of 51 to approve judicial and other appointments, other than those to the Supreme Court.
Democrats made the change because Republicans were obstructing President Obama's appointments and perhaps they felt they'd launch the first of these strikes in an increasingly polarized Washington.
When Republicans regained the majority and the White House, Sen. Mitch McConnell took the next step and made it easier for the majority party to make Supreme Court appointments as well.
Indeed, they make the Democrats pay for the rule change every time they appoint a reactionary judge at any level. As Republicans threaten to fill the vacant Supreme Court seat, the Democrats can retort by promising to change the rules that stop a filibuster of legislation if they regain the majority.
The concept is the same as the rule used seven years ago but would be extended from personnel appointments to policy. It would arguably be the melted final straw for any need for bipartisanship in Washington.
And it would be just another sad but now necessary breaking of norms in an era of breaking stabilizing norms. If the Democrats made this threat, Republicans would in theory cave on the Court replacement because they'd want to have a stake in future legislation. But Democrats may pause because they've seen how the rule change has come back to bite them.
It's fun when you're in the majority, but you're not always in the majority. Whatever swords the Democrats have, they're not as sharp as the Republicans'. Whichever party wins the post-RBG fight, the country will have lost once again. The world is seeing a country that can't agree on the benefits of a mask during a health crisis. CDR File? How do I open a CDR file? This software opens the following file extensions: pdf eps svg png psd ai tif dxf dwg rtf pub Windows only bmp ico exe Windows only gif vsd jpg dng docx Windows only ps prn htm doc Windows only.
Works with: Microsoft Windows 10 Microsoft Windows 8. Submit Photos and Videos. By Lindsey Grewe. Published: Aug. Share on Facebook. Email this link. Share on Twitter. Share on Pinterest. Share on LinkedIn. Police say of the four injured, two had to be taken to the hospital. Copyright KKTV.Abstract Link. Morris JC. The Clinical Dementia Rating (CDR): Current version and scoring rules. Neurology ; Abstract Link. Hughes CP, Berg L, Danziger WL, Coben, LA, Martin, RL. A new clinical scale for the staging of dementia. Br J Psychiatry ; Abstract Link. Berg L. Clinical Dementia Rating (CDR).