Woman SI, three others killed in head-on collision between KSRTC bus and car in Karnataka
Belagavi, Jan 24: Four people, including a woman police sub-inspector, died on the spot when the car they were travelling in collided head on with a Karnataka State Road Transport Corporation bus here on Sunday, officials said.
The bus, heading from Goa towards Ilakal, about 50 km from here, met with the accident at Chachadi-Gontamar crossing in the afternoon, they said.
The victims have been identified as police sub-inspector of women police station in Belagavi Laxmi Vasudev Pawar, her son Prasad, daughter-in-law Ankita and an associate of the family, Deepa Anil Shahapurkar, police said.
Belagavi Superintendent of Police Laxman Nimbargi rushed to the spot.
A case has been registered at Murgod police station in connection with the accident, police said. The impact of the crash heavily damaged the front part of the car, they added.
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Insolvency law main factor in improving health of country's banking sector: FM in Lok Sabha
New Delhi (PTI): Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country's banking sector, including recovery of non-performing assets.
Piloting a bill for further amending the IBC in the Lok Sabha, the minister stressed that companies have been doing well and their corporate governance practices have also improved after coming out of the insolvency resolution process.
She made the remarks while replying to the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee.
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The Bill has proposed 12 amendments to the IBC, which came into force in 2016.
The IBC has been a main and very crucial factor in improving the health of the country's banking sector, Sitharaman said, adding that more than half of the NPAs (Non-Performing Assets) have been recovered by the banks through the resolution process.
On August 12, 2025, the government introduced the Bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code (IBC), proposing a raft of changes, including provisions to reduce the time taken for admission of insolvency resolution applications.
The Bill was referred to a select committee of the Lok Sabha, which submitted its report in December 2025.
IBC has been amended seven times so far.
