Equally impressive is the collection of ammonite fossils that include snake and plant fossils.Other items are stalactites and stalagmites with cave pearls, which are found in Meghalaya, wood fossils of Meghalaya, corals of India, and Mawkhan or religious stone of the Khasi tribe.Sources said the idea is to make the process more humane as the rules would deal with a host of individuals — from farmers and kirana shop owners to a salaried middle class person who may be struggling to repay a loan for reasons like loss of job. There are laws dating back over a century to deal with individual bankruptcy but they have been used only sparingly in the last several decades. Currently, banks approach Debt Recovery Tribunals (DRTs) under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (Sarfaesi), which are aimed at recovering the dues.While the Insolvency and Bankruptcy Code (IBC), enacted by Parliament last year, provides for individuals to be declared bankrupt, so far, action has been confined to the corporate sector and start-ups.Plus, issues related to state laws need to be worked out," said a source.The Ever Living Museum at Mawshbuit, around 9km from Shillong, is a living testimony of one’s love for nature, culture, tradition, history and posterity.Itanagar Municipal Council consisting of 30 councillors is the governing body responsible for hygiene, sanitation and development, a responsibility transferred from urban development department of government of Arunachal Pradesh.
Aworking group is looking at several aspects, including making counselling mandatory as is the case in Singapore.The museum also houses the ancient dresses and jewellery of the Khasi, Garo and Rabha tribes of Meghalaya.There are Indian and foreign coins and currency notes as well, dating back to several years.By posting free ads you can get targeted customer for your business.
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NEW DELHI: The government has begun work on laying down a process for individuals to be declared bankrupt, which will help them deal with a financial crisis rather than be bogged down by it.