Articles and Updates

• Sawant Singh -

he year has started on a bright note for the banking sector with the enactment of the Banking Laws (Amendment) Act, 2012, which makes several far-reaching changes to existing banking legislation and increases the ambit of regulatory oversight of the Reserve Bank of India (RBI). It is expected that these changes will pave the way for entry of new players in this field, leading to greater competition, efficiency and wider financial inclusion

• Sawant Singh -

n what is seen as a resounding victory for the banking sector, the Supreme Court, India’s highest judicial body, recently held that banks could consider default in payment obligations under derivative transactions at par with default under other lending facilities, for the purposes of reporting of wilful defaulters.

• Sawant Singh -

he Indian economy, while having shed much of its socialist bag - gage towards the close of the twentieth century, still believes in closely monitoring certain key components of its monetary system. Management of foreign exchange reserves is one exam - ple of this, with the external commercial borrowing (ECB) policy placing several restrictions, such as limiting permis - sible end uses, on securing loans from abroad.

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What’s in a name? For those answering ‘not a lot’, think again. Global media behemoth, the Financial Times of United Kingdom is currently engaged in a nearly two decade long legal battle with leading local player Times Publishing House to secure for itself the exclusive usage of the marks ‘Financial Times’ and ‘FT’ in India. Central to their argument is that they enjoy a transborder reputation in respect of the disputed marks. That is, irrespective of modest circulation figures in India or its clie

• Sawant Singh -

In recent years, captivated by the Indian growth story, the global investor community has been keen to participate in the Indian capital markets. However, until recently, access to investment opportunities in India was by and large limited to foreign institutional investors (FIIs) and foreign venture capital investors (FVCIs).