Navigation Links
Strained Economic Agreement Between Singapore And India

According to the Business India the Reserve Bank of India (RBI) is not allowing Temasek Holdings to raise its stake in India's ICICI bank and the State Bank of India (SBI) // facing difficulties in obtaining qualifying full bank status in the city-state.

The Comprehensive Economic Cooperation Agreement (CECA) that was signed between India and Singapore appears to have some problems. The Monetary Authority of Singapore (MAS), or central bank, has taken up with RBI the issue of Temasek, the government's investment arm, being prohibited from hiking its stake during a recent equity-raising exercise by the Indian bank.

"As part of a cordial and professional dialogue with RBI on various issues, MAS has written to the Indian regulator," MAS managing director Heng Swee Keat was quoted as saying. "RBI assured us that it would look into the issue.”Indian regulators have taken the position that both Temasek and the Government of Singapore Investment Corporation (GIC) are owned by the Singapore government, and their combined stake in ICICI would cross the 10 percent limit allowed to any one party in a private bank, the newspaper said.

“GIC and Temasek are separate entities, each with the right to invest up to 10 percent," said an MAS spokesperson. The agreement, which provides for greater access by each country's banks to the other country's financial sector, took effect last August. The problems were detailed as the dust was still to settle on Temasek's purchase of a major stake in Thai telecommunications giant Shin Corp.

Opponents of caretaker Thai Prime Minister Thaksin Shinawatra, who announced his resignation Tuesday, were incensed over his family's sale in January of its controlling stake in telecommunications giant Shin Corp. to Temasek.The tax-free sale amounted to $1.9 billion. The transaction triggered two months of mass protests demanding Thaksin's resignation for selling off national assets. The sale outraged many Thais w
'"/>




Page: 1 2

Related medicine news :

1. Effective And Economical Agent For Anthrax
2. Economic and Ethical disparities hinder cervical cancer screening
3. Study Finds Low Socio-Economic Status Linked to Poor Dental Health
4. A Bird-Flu Pandemic Is Detrimental To Global Economic Growth: Report
5. Cost-Benefit Economics of Methadone for prisoners
6. Less Invasive By Pass Surgery Proves Economical In The Long Run
7. Indias Economic Boom Pack To Waste Children Life
8. Tobacco Consumption By Youths Will Hamper India’s Economic Growt
9. China to Face Huge Economic Losses Due to AIDS in the Coming Years
10. HIV Epidemic Can Slow Down Economic Growth: UNDP
11. Access Economics Report: Alarming Rise in Dementia
Post Your Comments:
*Name:
*Comment:
*Email:
TAG: Strained Economic Agreement Between Singapore And India

(Date:4/17/2014)... One of the most popular vaccine brands for children ... may be overlooking some cost factors when choosing vaccines, ... expensive option, according to a new study by University ... administer can be driven by numerous factors," says Sheldon ... professor of computer science and of mathematics at the ...
(Date:4/17/2014)... Diego School of Medicine report that older women, plucky ... loss are more likely to be compassionate toward strangers ... in this month,s issue of the International Journal ... associated with better health and well-being as we age, ... the outcomes of individuals whose deficits in compassion put ...
(Date:4/17/2014)... Bonheur Children,s Hospital Pediatrician-in-Chief Jon McCullers, MD, was ... April issue of Nature Reviews Microbiology , ... Dr. McCullers, a world-renowned infectious disease specialist, and ... University of Tennessee Health Science Center, analyzed the ... 1957 and 1968 pandemics, as well as more ...
(Date:4/17/2014)... (April 17, 2014) Doctors who treat patients ... lymphangioleiomyomatosis (LAM) can face an agonizing treatment decision. ... the disease and help relieve shortness of breath. ... and sirolimus can cause potentially fatal complications following ... Dr. Daniel Dilling, medical director of Loyola University ...
(Date:4/17/2014)... April 17, 2014-- Colic affects about one in five ... numerous pediatric visits during the first several months after ... symptoms was showing promise; however, the April 1, 2014 ... Sung, Valerie) reported on a study, "Probiotics and Infant ... L reuteri for infant colic did not ...
Breaking Medicine News(10 mins):Health News:Study recalculates costs of combination vaccines 2Health News:The ilk of human kindness 2Health News:Patients with rare lung disease face agonizing treatment dilemma 2Health News:Patients with rare lung disease face agonizing treatment dilemma 3Health News:New study says probiotic use for infant colic is not effective in reducing symptoms 2
... and training, and program support to ... Ill., May 29 Knowing that pressure ulcers,are ... today introduced its Pressure Ulcer Prevention Program to ... skin,conditions, which may include dermatitis and skin tears., ...
... Ricardo Chavira, Vanessa Carlton to Help ... Global Breast Cancer Leader, WASHINGTON, May 29 ... Chavira and,Vanessa Carlton will join Susan G. Komen for ... events and activities leading up to the,19th annual Susan ...
... & Johnson,will host an all-day review of its ... update on its Consumer businesses, for the,investment community ... 5, 2008, at the Hyatt Regency Hotel in ... Comprehensive Care Group; Sheri,McCoy, Worldwide Chairman, Surgical Care ...
... Proposed Legislation Would Ban Drug Company Gifts of ... Yesterday the New York,State Assembly Health Committee ... how prescription drugs are marketed and sold in ... Assemblyman Richard,Gottfried (D-Manhattan), includes a ban on gifts ...
... (May 29, 2008) Dey, L.P. today announced that ... will stock Cyanokit 5g (hydroxocobalamin for injection) ANTIDOTE for ... and fire vehicles through a federal grant from the ... treatment that can be given to victims of suspected ...
... 29 GenVault Corporation, the,leader in dry-state, room ... that Whatman, Now part of GE Healthcare, will,become ... kits,in North America., The GenSolve DNA recovery ... DNA from their archived samples with a simple, ...
Cached Medicine News:Health News:Medline's Pressure Ulcer Prevention Program Addresses New CMS Deadline of October 1, 2008 2Health News:Medline's Pressure Ulcer Prevention Program Addresses New CMS Deadline of October 1, 2008 3Health News:Susan G. Komen for the Cure(R) Celebrity Ambassadors to Convene in Nation's Capital to Help Race for the Cure, End Breast Cancer Forever 2Health News:Assembly on the Move for Rx Reform 2Health News:Assembly on the Move for Rx Reform 3Health News:Florida EMS and fire vehicles to stock Cyanokit 5g antidote for cyanide poisoning 2Health News:Whatman, Now Part of GE Healthcare, to Distribute GenVault DNA Recovery Kits in North America 2Health News:Whatman, Now Part of GE Healthcare, to Distribute GenVault DNA Recovery Kits in North America 3
(Date:1/15/2014)... , Jan. 15, 2014 AARP Foundation today announced it ... adults suffering from the severe cold weather that has gripped ... to helping those in need; so to support these emergency ... up to $250,000, which could mean up to $500,000 in ...
(Date:1/15/2014)... 2014  Celsion Corporation (the "Company") (NASDAQ: CLSN ... institutional investors to purchase an aggregate of approximately $15 ... registered direct offering, led by a dedicated health care ... agreements with these investors pursuant to which the Company ...
(Date:1/15/2014)... Shire plc (LSE: SHP, NASDAQ: SHPG ) ... approval condition to the announced tender offer for all of the ... a result of the waiver, the transaction is no longer conditional ... on January 24, 2014 following the currently scheduled expiration time, subject ...
Breaking Medicine Technology:AARP Foundation Establishes Winter Relief Fund for Older Adults Suffering from the Severe Cold Weather 2AARP Foundation Establishes Winter Relief Fund for Older Adults Suffering from the Severe Cold Weather 3Celsion Corporation Announces $15 Million At-The-Market Registered Direct Offering 2Celsion Corporation Announces $15 Million At-The-Market Registered Direct Offering 3Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 2Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 3
... Reportlinker.com announces that a new market research report is available ... http://www.reportlinker.com/p0324750/Virtual-Pharma.html ... in the pharmaceutical market has slowed – almost to a ... cutting costs in a faltering world economy. ...
... NEW YORK, Nov. 3, 2010 Pfizer Inc. (NYSE: ... public to view and listen to a webcast of ... Primary Care, at the 2010 Annual Credit Suisse Healthcare ... Mountain Standard Time. (Logo: http://photos.prnewswire.com/prnh/20100416/PFIZERLOGO) ...
Cached Medicine Technology:Reportlinker Adds Virtual Pharma 2Reportlinker Adds Virtual Pharma 3Reportlinker Adds Virtual Pharma 4Reportlinker Adds Virtual Pharma 5Reportlinker Adds Virtual Pharma 6
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: