Sagar Sen

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RBI could've used existing infra for unified loan platform - fin min source

Oct 7, 2024 | cogencis.com | Sagar Sen |Priyasmita Dutta

Exclusives Informist, Monday, Oct. 7, 2024By Sagar Sen and Priyasmita Dutta NEW DELHI – The Reserve Bank of India did not necessarily have to launch an altogether new Unified Lending Interface platform, according to some officials in the finance ministry, who argue that similar systems already exist and could have been repurposed to serve new purposes.
GoM doubts cos will pass GST cut benefit on insurance premiums - govt source

Oct 4, 2024 | cogencis.com | Priyasmita Dutta |Sagar Sen

Exclusives Informist, Friday, Oct. 4, 2024By Priyasmita Dutta and Sagar SenNEW DELHI – The Group of Ministers tasked with examining the case for reducing the Goods and Services Tax on insurance products is considering such a move, but is worried whether companies will actually pass on lower prices to consumers, a senior finance ministry official said. In its last meeting on Sept.
Trade min moots new framework for FTA talks; to seek Cabinet OK, says source

Sep 30, 2024 | cogencis.com | Krity Ambey |Sagar Sen

Exclusives Informist, Monday, Sept. 30, 2024By Krity Ambey and Sagar SenNEW DELHI – The commerce ministry has mooted a comprehensive standard operating procedure to navigate through negotiations for trade agreements, to secure more favourable deals, an official said. The ministry hopes to get the Cabinet's approval for the strategy in the next two months, after which it may launch discussions for free trade agreements with several regions, the official added.
India, UK unlikely to resume trade pact talks in 2024, says govt source

Sep 26, 2024 | informistmedia.com | Krity Ambey |Sagar Sen

Back EXCLUSIVE India, UK unlikely to resume trade pact talks in 2024, says govt source Informist, Thursday, Sep 26, 2024 By Krity Ambey and Sagar Sen NEW DELHI – Discussions between India and the UK on their proposed Free Trade Agreement are unlikely to resume in what remains of 2024, a commerce ministry official said. The trade pact was originally slated to be signed by Diwali 2022. "A lot of festivals are approaching.
As deadline looms, econ secy says RBI, ESMA to ensure ops not hit

Sep 26, 2024 | cogencis.com | Krity Ambey |Sagar Sen

Exclusives Informist, Thursday, Sep 26, 2024By Krity Ambey and Sagar SenNEW DELHI – The Reserve Bank of India and the European market regulators will ensure market operations are not disrupted ahead of the deadline for foreign lenders to stop dealing with Clearing Corp of India, Department of Economic Affairs Secretary Ajay Seth said today. Both the regulators are still discussing the matter and may soon reach an agreement, he added. "There will not be any disruption in the market.
Pending tweaks to law force govt to work on plan B for SEZs, says source

Sep 26, 2024 | informistmedia.com | Krity Ambey |Sagar Sen

Back SEZ Act Pending tweaks to law force govt to work on plan B for SEZs, says source Informist, Thursday, Sep 26, 2024 By Krity Ambey and Sagar Sen NEW DELHI – Considering the delay in the amendment to the Special Economic Zones Act, the government is exploring alternate policy measures to facilitate ease of doing business in special economic zones, a commerce ministry official said.
As deadline looms, econ secy says RBI, ESMA to ensure operations not hit

Sep 26, 2024 | informistmedia.com | Krity Ambey |Sagar Sen

Informist, Thursday, Sep 26, 2024 By Krity Ambey and Sagar Sen NEW DELHI – The Reserve Bank of India and the European market regulators will ensure market operations are not disrupted ahead of the deadline for foreign lenders to stop dealing with Clearing Corp of India, Department of Economic Affairs Secretary Ajay Seth said today. Both the regulators are still discussing the matter and may soon reach an agreement, he added. "There will not be any disruption in the market.
May merge some PSU general insurers, New India Assurance, says govt source

Sep 25, 2024 | informistmedia.com | Priyasmita Dutta |Sagar Sen

Back EXCLUSIVE May merge some PSU general insurers, New India Assurance, says govt source Informist, Wednesday, Sep 25, 2024 --Govt source:May merge some PSU general insurers, New India Assurance --Fin min source: Govt mulling PSU general insurers' merger roadmap --Fin min source: Final call on PSU general insurers' merger by Mar By Priyasmita Dutta and Sagar Sen NEW DELHI – With the likelihood of listing of the three non-life insurance companies anytime soon looking rather bleak, the...
May merge some PSU general insurers, New India Assurance - govt source

Sep 25, 2024 | cogencis.com | Priyasmita Dutta |Sagar Sen

Exclusives Informist, Wednesday, Sep 25, 2024 --Govt source:May merge some PSU general insurers, New India Assurance --Fin min source: Govt mulling PSU general insurers' merger roadmap --Fin min source: Final call on PSU general insurers' merger by Mar By Priyasmita Dutta and Sagar Sen NEW DELHI – With the likelihood of listing of the three non-life insurance companies anytime soon looking rather bleak, the government may look at merging one or more of them into The New India Assurance Co...
India reassessing trade talks with Peru for better deal - govt source

Sep 25, 2024 | cogencis.com | Krity Ambey |Sagar Sen

Exclusives Informist, Wednesday, Sep 25, 2024By Krity Ambey and Sagar Sen NEW DELHI - The commerce ministry is reassessing its discussions with Peru for a free trade agreement to secure a more favourable deal, an official said. One round of negotiations was slated for July in Lima, but India opted to postpone it to allow for more thorough consideration of the pros and cons of the agreement. The two sides have held seven rounds of negotiations so far.