Guidelines on Hedging Through Equity Derivatives
Before taking exposure to equity derivatives, insurers are advised to put in place Board approved Hedging Policy; Internal Risk Management Policies and Processes; Information Technology Infrastructure; and Regular and Periodic Audits. A robust corporate governance mechanism shall be in place wherein the Board and Senior management reviews the contracts undertaken are not prejudicial to the interest of the policyholders.
Bilateral agreement between Japan and India: arrangement to swap currency
The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars.
TRAI responds to the DoT’s back-reference
After examining the prima facie views of DoT, TRAI has finalized its response to the back-reference. TRAI’s response to the back-reference has been placed on the TRAI’s website (www.trai.gov.in).
