1) China and, to a lesser extent, India are recognised as Asia’s rising powers, probably destined to emerge later this century, at least within Asia, as peer competitors to the United States. Their competition and cooperation, with each other and with the United States, is expected to shape Asia’s future. Discuss.
2) Operationalizing Pre-packaged Insolvency is a first step in opening it up for the entire corporate universe. This new mechanism brings greater certainty to the entire process & once the creases are ironed out, it creates a permanent mechanism for restructuring debts. Explain.