Needed, a modern personal insolvency regime
Personal insolvency needs to be treated as a social insurance option. A mechanism which relies on the interaction between creditors and borrowers must be put in place
Digital finance in the time of DeepFakes
The Reserve Bank of India (RBI) recently allowed financial institutions to on-board new customers using video-KYC.
Social Stock Exchange: Tax And Other Policy Recommendations
In this series of columns, members of a drafting team on the Working Group report on Social Stock Exchange detail important recommendations.
Social Stock Exchange: New Funding Avenues For Non-Profit Organisations
The Social Stock Exchange is envisioned as the venue that will originate pertinent funding structures for NPOs. One of the main hurdles that non-profit organisations (NPOs) face in securing financing from a wide variety of sources is the lack of robust information about their activities. To mitigate this problem, the establishment of a Social Stock Exchange (SSE) will prompt all NPOs that access capital through it, to submit to a minimum reporting standard.
A new paradigm for social finance
The Covid-19 crisis has, among other things, brought into focus the importance of non-profits and impact-focussed, for-profit, enterprises.
Social Stock Exchange: Unlocking New Pools Of Capital For Non-Profit Organisations
A common minimum reporting standard has been recommended for all fundraising activity through the proposed Social Stock Exchange.
A novel way for MSMEs to lower their risk profile and access funds
This problem can be solved by link-ups with large supply chains and networks that disperse risk and place small businesses in a better position to get loans and attract equity investors.
Covid-19 and debt moratorium conundrum: The case of microfinance
Given the extent of liquidity shock caused by Covid-19, the Reserve Bank of India enabled all lending institutions to provide their borrowers with a repayment moratorium on term loans until 31 August 2020.
The case for a unique business identifier for Indian MSMEs
Solving the identity problem is necessary to enable a shift away from a survival mindset and towards a growth mindset
A conflict-ridden SIDBI needs the government to clarify its role
In their book, In Service of the Republic, Vijay Kelkar and Ajay Shah warn against distortions caused by the government and its entities being both player and umpire in various sectors .
