Top 10 biz headlines: 200k auto jobs lost, pharma CEOs take pay cut & more

From India Inc hoping for an improvement in the second half to Jio and Airtel competing for RCom assets, here are the top 10 business headlines on Monday

1) Govt moves SC to make NCLT judges stick to deadline for resolving cases

The government has sought the Supreme Court’s (SC’s) approval to frame rules for making judges of the National Company Law Tribunal (NCLT) accountable in ensuring corporate insolvency cases are disposed of in time.

In the latest amendments to the Insolvency and Bankruptcy Code (IBC), the government has made it mandatory for all corporate insolvency procedures, including litigation, to be wrapped up in 330 days. The Bill, passed in both Houses of Parliament, has put the onus on the NCLT Benches to increase their productivity. (Read more