• Early intelligence – Special advanced information reports prepared by our global team of analysts on upcoming development projects ahead of normal channels.
• Projects – The “mother (or source)” projects, loans or grants where most procurements come from. A project is a set of activities with multiple procurements aimed at improving a certain sector to alleviate poverty. These often come from multilateral banks and some bilateral donor agencies.
• Tenders – Either procurement notices (SPNs) which have a defined scope of work, or general procurement notices (GPNs) which are published by the implementing agency to announce a possible procurement in the near future. SPNs have deadline dates for the submission of expressions of interest, bidding documents, or pre-qualification documents.
There are a number of procurement methods from which procurers may choose from, variously called: invitation to tender (ITT), invitation to bid(ITB), request for tender (RFT), request for bids (RFB), request for proposals (RFP), request for quotation (RFQ), or request for information (RFI). Essentially, all these terms describe an invitation to prospective suppliers of goods or services to submit a bid. In other words, an invitation to tender is an invitation to make an offer. Clear tender requirements make it easier for companies to understand what is expected of them and may encourage additional bidders.
Once a company has decided to submit a bid in the tendering process, it may be required to complete a pre-qualification questionnaire (PQQ). The tender document will detail the information that is required. Continue reading
Oxigen and ItzCash likely candidates if they get banking licence
Leading banks may take equity stakes in upcoming payments banks to expand their financial inclusion footprint and tailor special products to meet the needs in rural areas.
Payment instrument issuers (PPI) such as ItzCash and Oxigen are likely to get equity investments from leading banks after they get licences from the Reserve Bank of India (RBI) to operate as payment banks.
ItzCash is also open to a joint venture with a bank once they get the licence. The PPI has business relations with IDBI Bank, DCB and HDFC Bank.
The final guidelines issued by the Reserve Bank of India on November 28, 2014 are favourable for existing payment instrument issuers to convert their licences into banks. It has also allowed the existing players to have a joint venture with existing banks. However, banks can take equity stake only up to 30% in payments banks under the Banking Regulation Act of 1949. Continue reading