Live Breaking News & Updates on Jnanatosh roy

Stay informed with the latest breaking news from Jnanatosh roy on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Jnanatosh roy and stay connected to the pulse of your community

R. K. Singhal vs Department Of Financial Services on 21 February, 2024

R. K. Singhal vs Department Of Financial Services on 21 February, 2024
indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.

New-delhi , Delhi , India , Anandi-ramalingam , Jnanatosh-roy , Baba-gangnath-marg , Munish-raghava , Industrial-development-bank , Central-information-commission , Assets-stabilization-fund , Financial-services , Department-of-financial-services

Cairn Battle: PSBs told to appoint nodal officer

Cairn Battle: PSBs told to appoint nodal officer
SECTIONS
Share
Synopsis
The department wrote a letter to public sector bank chiefs suggesting they immediately inform Sanjay Kumar, director – banking operations, if they receive ‘any intimation/notice/letter’ from Cairn Energy Plc and its subsidiary Cairn UK Holdings.
Reuters
Cairn Energy and the government are locked in a legal battle over an arbitration order that requires India to pay $1.2 billion.
The Department of Financial Services has asked state-run banks to appoint a nodal officer amid increasing concerns that overseas assets or deposits of these lenders could be attached during a contested arbitration award involving Cairn Energy and the Centre.

India , United-kingdom , Jnanatosh-roy , Sanjay-kumar , Cairn-united-kingdom-holdings-ltd , Cairn-energy , Cairn-energy-plc , Cairn-united-kingdom-holdings , Department-of-financial-services , Financial-services , Cairn-united-kingdom , Protection-agreement

Cairn legal tussle over $1.2-billion award: PSBs told to appoint nodal officer

Synopsis
The department wrote a letter to public sector bank chiefs suggesting they immediately inform Sanjay Kumar, director – banking operations, if they receive ‘any intimation/notice/letter’ from Cairn Energy Plc and its subsidiary Cairn UK Holdings.
Reuters
Cairn Energy and the government are locked in a legal battle over an arbitration order that requires India to pay $1.2 billion.
The Department of Financial Services has asked state-run banks to appoint a nodal officer amid increasing concerns that overseas assets or deposits of these lenders could be attached during a contested arbitration award involving Cairn Energy and the Centre.
The department wrote a letter to public sector bank chiefs suggesting they immediately inform Sanjay Kumar, director – banking operations, if they receive ‘any intimation/notice/letter’ from Cairn Energy Plc and its subsidiary Cairn UK Holdings.

India , United-kingdom , Jnanatosh-roy , Sanjay-kumar , Cairn-united-kingdom-holdings-ltd , Cairn-energy , Cairn-energy-plc , Cairn-united-kingdom-holdings , Department-of-financial-services , Financial-services , Cairn-united-kingdom , Protection-agreement

Cairn Energy tax dispute | Centre asks banks to appoint nodal officer, inform in case of any intimation from Cairn

Cairn has registered its claim against India in courts in the United States, Britain, France, the Netherlands, Singapore and Quebec, moves that could make it easier to seize assets and enforce the arbitration award.

United-states , India , Netherlands , United-kingdom , New-delhi , Delhi , Singapore , Quebec , Canada , France , Britain , Jnanatosh-roy

Finance Ministry writes to Sebi, 'requests' agency to withdraw perpetual bond rule

Finance Ministry writes to Sebi, 'requests' agency to withdraw perpetual bond rule
SECTIONS
Share
Synopsis
The ministry's objection is to the rule that requires debt mutual funds to value perpetual bonds as a 100-year instrument from April 1. Fund managers too had raised concerns over this.
The finance ministry "requested" the Securities and Exchange Board of India (Sebi) Friday to withdraw the part of its Wednesday circular that changed the rules followed by mutual funds to value perpetual bonds. The capital market regulator hadn't responded to the suggestion at press time, but is expected to review the rules before they take effect on April 1, said people with knowledge of the matter. The move by the ministry was a rare instance of such a government intervention being made public, experts said.

India , Canara , Karnataka , Jnanatosh-roy , Sandeep-parekh , Bonds-of-bank-baroda , Rural-electrification-corp , Franklin-templeton , Indian-bank , Exchange-board-of-india-sebi , Canara-bank , Exchange-board

Finance Ministry: Finance Ministry repeals SEBI order on bond valuation

The ministry of finance overrode the Securities Exchange Board of India’s (SEBI’s) order in valuing perpetual bond, a quasi-debt instrument as a 100-year paper bringing the much-needed relief to mutual funds and banks that were apprehensive of mark-to-market losses and funding costs after the capital market regulator’s circular last Wednesday.
“The clause on valuation is disruptive in nature,” said Jnanatosh Roy, Under Secretary to the government of India in a notification. Considering the capital needs of banks going forward and the need to source the same from the capital markets, it is requested that the revised valuation norms to treat all Perpetual Bonds as 100 year tenor be withdrawn."

India , Jnanatosh-roy , Bonds , Securities-exchange-board-of-india , Securities-exchange-board , Under-secretary , Perpetual-bonds , Reserve-bank , Finance-ministry , Sebi , Bond-valuation , இந்தியா