By Kavaljit Singh | Briefing Paper # 20 | October 4, 2017
A major policy shift has been taking place in the Indian commodity derivatives market since September 2015, when the commodity regulatory body, Forward Markets Commission, was formally merged with the capital market regulator – the Securities and Exchange Board of India (SEBI). In June 2017, SEBI opened up the commodity derivatives markets to institutional investors for the first time by allowing hedge funds registered as category III Alternative Investment Funds (AIFs) to invest in commodity derivatives as ‘clients’.1
By Kavaljit Singh | Commentary | September 13, 2017
On August 30, 2017, the Reserve Bank of India released its Annual Report for 2016-17 which revealed that 98.8 percent of scrapped currency notes have come back into the Indian banking system between November 8, 2016 – when the demonetization was announced – and June 30, 2017. This mind-blowing statistics has put a serious question mark over the efficacy of demonetization move because it was anticipated by the government that a large portion of scrapped currency notes…
By Biswajit Dhar | Guest Blog | September 13, 2017
The Xiamen BRICS Summit held in September 2017 was the ninth since this formation of emerging economies met in Yekaterinburg in June 2009. When the four original members of the formation (South Africa joined in 2011) met in the shadow of the worst economic downturn since the 1930s, there was a huge opportunity before the emerging economies to reshape the post-war multilateral economic governance, which continues to be under the dominating influence of the major economies. This is one…
India played host to the 19th Round of talks for the proposed Regional Comprehensive Economic Partnership (RCEP) from 17-28th July 2017. The talks were held in Hyderabad – the state capital of Telangana, over 1,500 kms from the political capital in New Delhi. But the moot question is – are all the States in the country united in their support of the Centre’s push for new rules of ‘free trade’ in this mega-regional free trade agreement (FTA)?
The 19th round of negotiations for Regional Comprehensive Economic Partnership (RCEP) will be hosted by India in Hyderabad from 18-28 July 2017. About 700 officials from 16 member-countries of RCEP would gather at the Hyderabad International Convention Centre to thrash out new rules for cross-border trade and investment with the aim of deepening regional economic integration.
The RCEP is a proposed mega regional trade pact being negotiated between ASEAN and their 6 FTA partner-countries (Australia, China, India, Japan, South Korea…
