Government recovers crores by selling assets of defaulters

Critically analyse the Fugitive Economic Offenders Act, 2018 and how it can help in bringing more discipline to the banking sector in India. (250 Words)

Approach:

• Introduce by giving a definition of fugitive economic offender
• Enumerate the need for such a law in india
• Enumerate how the law will help in bringing discipline in banking sector
• Enumerate the challenges associated with the act
• Way forward and Conclusion