What was Arun Jaitley's strategy to tackle bankruptcy issues?
Introduction of Insolvency and Bankruptcy Code
Introduction of new tax laws
Reduction of interest rates
Promoting private investment
Answer
Arun Jaitley's strategy to tackle bankruptcy issues was to introduce the Insolvency and Bankruptcy Code. This code is designed to create a time-bound and transparent process for dealing with bankruptcy, and to ensure that creditors are treated fairly. It is expected to improve the efficiency of the Indian economy and attract foreign investment.
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