Ajoy K Das
Based in India, Ajoy is a financial and industrial journalist with three decades of experience with leading print media brands in the country and global news agencies like Reuters. Over the years, he has covered major Indian heavy manufacturing industries like mining and metals, energy, chemicals and petrochemicals, and financial markets with a focus on equities and regulation.
Articles by Ajoy K Das
ESG / Sustainability
Bangladesh Issues Guideline on Sustainability, Climate Disclosures
27/12/2023
The guideline is based on IFRS S1 and S2 and applicable to all banks and finance companies.
Enforcement
India Competition Commission Proposes New Penalty Computation Rules
27/12/2023
The CCI says indirect taxes, trade discounts and intra-group sales will be excluded from turnover when calculating penalties for competition law violations.
Enforcement
India’s NFRA Detects Deficiencies in Big Four Audit Processes
26/12/2023
The National Financial Reporting Authority published inspection reports of BSR & Co, Deloitte Haskins & Sells, SRBC & Co and Price Waterhouse Chartered Accountants.
Securities / Derivatives
SEBI Consults on Introducing Same Day Settlement of Equity Trades
26/12/2023
The consultation paper proposes that T+0 settlement would be optional alongside the existing T+1 settlement system.
Market Infrastructure
RBI Issues Draft Framework for SROs of Regulated Entities
23/12/2023
The framework sets out the responsibilities of SROs, expectations on governance, and eligibility criteria for recognition as SROs.
Capital / Liquidity
SEBI, NSE, NSDL Face $172m Liability Following SAT Ruling
22/12/2023
A Securities Appellate Tribunal decision may require SEBI, NSE and NSDL to compensate banks that lent to Karvy Stock Broking.
Fintech / Regtech
RBI Enables Card-on-File Tokenisation at Issuer Level
22/12/2023
Token generation by card issuing banks and institutions will be possible with cardholder consent and AFA validation.
Market Infrastructure
SEBI Directs Clearinghouses to Back-up Risk Management Systems
22/12/2023
Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.
Securities / Derivatives
IFSCA Working Group Issues Recommendations on Direct Listing Framework
22/12/2023
The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.
Market Infrastructure
SEBI Directs FMIs to Self-Assess Compliance With PFMIs
21/12/2023
Depositories and clearing corporations are directed to assess their compliance with the PFMIs on a periodic basis and report the results to SEBI.
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