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The Latest Breaking News from Ajay Seth

IRDAI’s insurance reforms: Why fixing commissions matters more than tracking sellers

Some carmakers sell vehicles without a spare wheel, offering just a puncture repair kit instead. Nobody proposes a register of the salesmen who sold these cars because we know the choice was made above their level. The agent sitting across from an insurance buyer is in the same position, as…

The Economic Times

Two general insurance licences approved since 100% FDI move by govt: Irdai chairman Ajay Seth

India's insurance regulator has greenlit two proposals for 100% foreign ownership in general insurance firms, following the government's FDI liberalization. The much-anticipated BIMA Sugam platform, aiming for zero-commission policies, is slated for launch by September's end. Additionally, the Irdai is preparing distribution reforms to combat misselling and has established a…

The Economic Times

IAS Officer Ajay Seth designated as Finance Secretary

Ajay Seth, a 1987-batch Indian Administrative Service (IAS) officer of Karnataka cadre, is currently serving as the Secretary of the Department of Economic Affairs. Read further on Dynamite News:

Dynamite News

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India Reviewing Crypto Stance Amid Shifting Global Views: Senior Official

India is reviewing its crypto views amid a shift in global attitudes toward cryptocurrencies, but it doesn't mean the country will immediately warm up to the sector, a senior official said Sunday.

International Business Times

IAS Officer Ajay Seth gets additional charge of Revenue Department

Senior IAS officer Ajay Seth belongs to 1987-batch of Karnataka cadre. Read further on Dynamite News:

Dynamite News

Role played by India during G-20 presidency appreciated at IMF and WB meeting: Seth

“There is a widespread appreciation of Indian presidency of the G-20 in building consensus on several issues,” Ajay Seth said.

The Hindu

Bill for NFIR almost ready; likely to be introduced in next session: DEA Secretary

Ajay Seth has said that a draft Bill for setting up a National Financial Information Registry (NFIR) is almost ready

The Hindu

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New Delhi declaration ‘almost ready’, says India’s G-20 Sherpa, as Ukraine para remains sticking point

G-20 Sherpa Kant says joint declaration "almost ready"; India able to bring all countries on board with its priorities. Negotiations on finance, climate action, phasing out fossil fuels, and debt restructuring have seen considerable movement. Leaders to discuss declaration and other issues on September 9 and 10; if no agreement,…

The Hindu

No G20 joint statement as China refuses to condemn Russia's war in Ukraine

G20 finance ministers on Saturday failed to adopt a joint closing statement at talks in India, after China sought to soften references to Russia and the war in Ukraine.

Radio France Internationale

G-20 finance chiefs to tackle global economic threats

Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru to tackle challenges to global growth and stability

The Independent UK

India has fairly large forex reserve to deal with current situation: Economic affairs secretary

NEW DELHI: Economic affairs secretary Ajay Seth on Tuesday dismissed the concerns over depletion of forex reserve as "overblown" and said India has fairly large reserve to tide over the current situation.

The Times of India

India has fairly large forex reserve to deal with current situation: Economic Affairs Secretary

Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16.

The Hindu

Economy likely to grow at 7-7.4% in FY23, says finance secretary

NEW DELHI: The government is expecting the economy to grow at 7-7.5 per cent in 2022-23, in line with its projections made at the beginning of this financial year.

The Times of India

Lessons of fiscal prudence, not having culture of freebies to be drawn: Jaishankar at all-party meet on Sri Lanka

NEW DELHI: The government told an all-party meeting on Tuesday that India is naturally worried over the Sri Lankan crisis and there are "very strong" lessons of fiscal prudence, responsible governance and not having "a culture of freebies" to be drawn from it.

The Times of India

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The Hindu

‘India will extend fullest support to Sri Lanka’, says Foreign Secretary Vinay Kwatra during meeting with President Rajapaksa

Vinay Kwatra told Mr. Rajapaksa that India will extend its fullest support in overcoming difficult situation.

The Times of India

Don't see any adverse impact of US Fed rate hike: DEA secretary

NEW DELHI: The government does not see any adverse impact on the Indian economy post the US Federal Reserve's decision to raise interest rates by 75 basis points, economic affairs secretary Ajay Seth said on Thursday.

The Hindu

EMIs to rise as RBI hikes repo rate, signals more increase

The Reserve Bank of India (RBI) has increased the repurchase rate (repo) by 50 basis points, the biggest in more than a decade.

Benzinga

India Hints At Softer Regulatory Stance Toward Bitcoin, Ethereum, Dogecoin — Looks Into Taxing NFTs

In a possible signal toward easing the hostile environment and regulations for cryptocurrencies in India, a top government official said the country was drafting a cryptocurrency consultation paper.

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Benzinga

Indian Government 'Fairly Ready' With Consultation Paper on Crypto

The Indian government is fairly ready with a consultation paper on cryptocurrencies, a top government official Monday said, adding that organizations like International Monetary Fund and the World Bank have been consulted.

The Times of India

India finalising consultation paper on crypto currencies: DEA secretary

NEW DELHI: The government will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and institutions, including the World Bank and the IMF, economic affairs secretary Ajay Seth said on Monday.

The Times of India

Green bonds to be rupee-denominated with long tenure: DEA secretary

NEW DELHI: Asserting that the issuance of sovereign green bonds is part of the government's overall borrowing programme, Economic Affairs Secretary Ajay Seth has said these rupee-denominated papers will have long tenure to suit the requirement of green infrastructure projects.

The Times of India

India for global response to regulate cryptocurrencies: DEA secretary Ajay Seth

NEW DELHI: India favours a global consensus on regulating cryptocurrencies as a local response may not yield the desired results because these instruments are traded on the internet and not tied to any jurisdiction, economic affairs secretary Ajay Seth said.

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