| Y V Reddy: Asia in a post-crisis 'new normalcy' | 09-NOV-09 |
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| There are several reasons for examining the likely consequences for Asia of the global financial crisis and economic slowdown. First, this financial crisis, unlike others in recent decades, originated in developed economies of the “centre”, like the US and the UK, and not in the “periphery”, namely, Latin America, Asia or Eastern Europe. Second, the near collapse of markets happened in countries whose financial sector was considered a model for all others to emulate. |
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| RBI moots new norms for pricing loans | 21-OCT-09 |
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| The benchmark prime lending rate (BPLR) is set to give way to a new loan pricing regime. Called Base Rate by a committee of the Reserve Bank of India (RBI), it will represent the bare minimum rate below which it will not be viable for banks to lend. |
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| Sebi sets new norms for corporate bonds | 17-OCT-09 |
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| The Securities and Exchange Board of India (Sebi) said today that clearing and settlement of trades in corporate bonds should be done through clearing corporations from December 1, 2009. This will be either through the National Securities Clearing Corporation (NSCCL) or the Indian Clearing Corporation (ICCL). |
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| New norms to ease vehicle repossession | 15-SEP-09 |
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| Key changes are expected in vehicle repossession norms to ease the process for banks to take back cars and two-wheelers from owners that default on loan repayments. |
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| Sebi introduces new norms for cash market | 27-JUL-09 |
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| The Securities and Exchange Board of India (Sebi) today introduced some new norms for the comprehensive risk management system for the equity markets in the cash segment. |
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| Clouding the climate debate | 15-JUL-09 |
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| The deliberations at different forums at L’Aquila in Italy last week have further confounded the vexed issue of combating climate change. Instead of paving the way for a final agreement on emission reductions in the post-Kyoto period, after 2012, the voices emanating from these forums have added new dimensions to the issue which were not under negotiation thus far. What was expected, and also urgently needed, at this stage was to narrow the span of the climate change talks to firming up the country-specific targets of emission reduction for the Annexure-1 countries (for whom these cuts are binding), so that the non-mandatory but desirable action on the part of other countries could also be considered. Instead, the resolutions adopted at the meeting of the G-8 and that of the Major Economies Forum (MEF) have diverted the focus to vague goals based on equally indistinct parameters. |
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| New norm for foreign VCs | 04-JUL-09 |
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| The Securities and Exchange Board of India (Sebi) has asked foreign venture capital (VC) funds to have a firm commitment of at least $1 million from investors at the time of seeking registration. Earlier, the criteria was applicable only for domestic VC funds. |
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| Bharti Airtel-MTN deal to test new FDI guidelines | 27-MAY-09 |
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| The proposed partnership deal of Bharti Airtel and South African telecom giant MTN will be the first telecom company that will test the new norms for foreign investment announced under Press Notes 2, 3 and 4 in February 2009.
Since the effective foreign ownership in Bharti Airtel (including the proportionate foreign ownership through the parent company), is set to cross the threshold limit of 74 per cent after consummation of this transaction, it is expected to approach the government for |
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| Irda mulling new norms for bancassurance | 10-APR-09 |
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| The Insurance Regulatory and Development Authority (Irda) is working on new guidelines for selling insurance products through banks, or bancassurance. |
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