insurance bill

The Insurance Laws (Amendment) Bill: Missing the Forest for the Trees

By Kavaljit Singh | Commentary | August 16, 2014

Many commentators have viewed the ongoing stalemate over the passage of controversial Insurance Laws (Amendment) Bill, 2008 – which, inter alia, proposes to raise foreign shareholding in the insurance sector from 26 to 49 percent – as nothing but sheer political opportunism of country’s two main political parties – Congress and BJP. Undeniably, it…

yukos-logo

The Era of Mega-Arbitration: International Court Rules Against Russia in $50 Billion Decision

By Kavaljit Singh | Commentary | July 30, 2014

On July 28, 2014, an international arbitration tribunal under the auspices of the Permanent Court of Arbitration (The Hague) announced that Russia must pay $50.02 billion (Rs.300120 crore) in damages to former shareholders of the now defunct oil giant, Yukos Oil Company. The three-member tribunal unanimously declared that Russia breached its obligations under Article 13(1)…

BRICS

The Promise and Pitfalls of BRICS $100 billion CRA

By Kavaljit Singh | Commentary | July 10, 2014

Brazil will host the leaders of Russia, India, China, and South Africa for the 2014 BRICS Summit during July 15-17, 2014. This Summit is expected to launch the $100 billion Contingency Reserve Arrangement (CRA) and further details on soon to be established BRICS Development Bank will be unveiled. In June 2012, Brazil had proposed the…

Taming the Shadowy World of Dark Pools

By Kavaljit Singh | Briefing Paper # 17 | July 2014

After operating in the shadows for more than two decades, the murky world of dark pools is coming into the light. On July 1, 2014, the Financial Industry Regulatory Authority (FINRA), independent securities regulator of the US, imposed a fine of $800,000 on Goldman Sachs for failing to ensure that trades in its dark…

Too Fast to Fail?: The Perils of Algorithmic Trading in the Indian Markets

By Kavaljit Singh | Briefing Paper # 16 | June 2014

Since 2011, algo trading has been swiftly gaining ground in the Indian stock and commodity markets. Algorithmic trading is all the rage in India now but the key questions that are rarely asked: To what extent algo trading be allowed in the Indian equity and commodity futures markets? Do we have a system of…