CCI clears DBS-RBS' deal on corporate loan business
The Dollar Business Bureau Competition Commission of India (CCI), the fair trade regulatory body, has given its nod to the proposal of the Development Bank of Singapore (DBS) to buy corporate loans business division from Royal Bank of Scotland (RBS) in the Indian market. DBS India would purchase specific corporate loans of RBS NV India's branches. In March 2016, a framework agreement on portfolio sale was agreed upon between the two entities. The fair trade regulator, while signing the deal, mentioned that this agreement is not likely to harm competition in India. "On the basis of proposal submitted by both the parties, it was found out that they face considerable competitive constraints from a lot of large players, in public as well as private sector, ...
Indian exports unlikely to improve soon: DBS
The Dollar Business Bureau In the financial year 2015-16, India’s exports decreased by 16%, and may not improve soon due to a slump in global trade claimed DBS report. According to DBS, slowdown of global demand influenced Indian exports. Additionally, the strengthening of the rupee and weak commodity receipts performed their roles. Meanwhile, the International Monetary Fund and World Bank have demoted their outlook towards global growth, wherein many of India’s trade partners are going through a stagnant phase. "More measures to support the trade sector are on the cards,” said the report, while adding that the measures may give short-term relief to the external trade sector but not provide a universal solution. In March, exports dropped by 5.47% to $22.71 billion, marking a consecutive ...
TPP pact likely to hit Indias foreign trade
Deepak Kumar | The Dollar Business As the United States, Canada, Japan and nine Pacific Rim nations join the Trans-Pacific Partnership (TPP), Indian exports bodies have asked the government to expedite free trade agreements (FTAs) with various countries to balance the global trade. Earlier this month, 12 countries agreed to allow preferential trade between them under the Trans-Pacific Partnership framework. Though these countries are yet to ratify the agreement, the new trade bloc can become a challenge for India which aims to increase its goods and services exports to $900 billion by 2020. India already has free trade agreements with some of the TPP members. “To counter TPP, India will need to come up with an effective FTA (free trade agreements) ...
