Independent Research and Policy Advocacy

Beni Chugh Dvara

Beni Chugh

Head – Future of Finance
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Beni Chugh heads the Future of Finance Initiative. Her work focuses on identifying systemic stability and consumer protection concerns in digital finance.  Beni holds a Master’s in Public Policy from NLSIU, Bangalore and an M.A in Development Economics from the South Asian University, New Delhi.

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The Future Of Finance Initiative

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Contact: beni.chugh@dvara.com

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October 14, 2026 | Medianama

This article examines whether emerging frameworks would address interconnected data and cyber risks cogently and what the next frontier of sectoral resilience policy must account for.

October 5, 2026 | Dvara Research

The Draft Directions propose a Statement of Purpose (SoP) to guide the actions of Regulated Entities (RE) when responding to suspected mule activity.

August 18, 2026 | Dvara Research

Our comments to the Draft Guidance on Regulatory Expectations for Data Governance

July 21, 2026 | Springer

This paper provides a conceptual framework for citizen- centricity, breaking it down into system- level design features. It provides case studies of three SP- DPIs in the Indian context, and surfaces crucial learnings about their design.

July 16, 2026 | Dvara Research

As algorithmic systems increasingly shape financial decisions, this blog explores how they can de-humanize individuals by reducing them to data points.

June 4, 2026 | Dvara Research

In this blog, we trace the emerging contours of India’s domestic approach to governing AI in finance and identify the priorities that should shape the next phase of policy thinking, in light of alarm bells triggered by Mythos, and OpenAI’s cybersecurity initiative, Daybreak.

June 1, 2026 | Dvara Research

The growing prominence of Responsible and Trustworthy AI (RTAI) frameworks reflects increasing recognition of these harms. Contemporary RTAI approaches recommend safeguards across the lifecycle of AI systems to ensure explainability, transparency, contestability, auditability, and human oversight, while reducing the potential for bias and discrimination.

May 10, 2026 | Dvara Research

In this response, we present our comments to the paper. We divide our comments into three sections.

May 7, 2026 | The Hindu Business Line

Static safeguards, targeting discrete acts of fraud, will only spur fraudsters to probe other vulnerabilities