BIFR is Financial Word dealing with

  1. Agriculture procurement
  2. Sick industrial companies
  3. Money laundering
  4. KYC Norms
  5. Recapitalization of banks
Abdul Salam Newbie Asked on 8th August 2015 in Finance.
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    Sick Industrial companies

    BIFR stand for The Board for Industrial and Financial Reconstruction, aims to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. It was established under the sick Industrial Companies (Special Provisions) Act, 1985 (SICA).  The Board for Industrial and Financial reconstruction is an agency of the Government of India which is founded in January 1987.  This Board is the part of the Ministry of finance.

    Monis Rasool Professor Answered on 8th August 2015.
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