FSLRC moots shift in onus of consumer protection from consumer to provider
Why does consumer protection assume so much more significance in financial services, more so than perhaps for other services? Financial services don’t have fixed characteristics.
The FSLRC Approach
Financial Sector Legislative Reforms Commission (FSLRC) was set up by the Indian Government in 2011 with a mandate to help rewrite and harmonize financial sector legislation, rules and regulations. On March 22nd 2013 it released its final report and the draft law.
The March Phenomenon in Agricultural Lending
The Task Force on Credit Related Issues of Farmers, chaired by Umesh Chandra Sarangi, in its report submitted to the Ministry of Agriculture, Government of India,
Funds devolution from state governments to ULBs: The case of Karnataka
The revenue share between state governments and ULBs is determined by the State Finance Commissions (SFCs) which are set up by state governments every 5 years. In essence, the mandate of the SFC is to determine:
Financial Engineering for Low-Income Households – Book Launched
The book is an edited compilation of articles that focus on using financial engineering a multidisciplinary field that uses technical methods from the fields of finance, mathematics and
Karnataka Municipalities Act, 1964 – Part I & II
Continuing our Municipal Finance blog series on the Financing Small Cities blog, in this two-part series we look at the Karnataka Municipalities Act, 1964, which is the enabling legislation for the 74th Constitutional Amendment Act in Karnataka.
Unanticipated consequences of Finance Bill provisions on securitisation
Over 2006-12, RBI and SEBI have created a strong and conducive regulatory environment for securitisation, listing of securitised debt instruments, and standards of transparency and reporting. Securitisation volumes have picked up and we recently witnessed the first listed transaction. In October 2011, the income tax authorities issued a claim on certain securitisation special purpose vehicles […]
Regulator Supervision of the Suitability process: An example from UK
We have presented Suitability as the paradigm of choice for India’s financial system and have put forward the idea of Suitability as a board-approved process that each financial services provider develops and adheres to across all functions of the firm.
JNNURM: Brief Overview of the Mission – Part I & II
Continuing our blog series on Municipal Finance in India, in this two-part series we provide a brief overview of the Jawaharlal Nehru Urban Renewal Mission (JNNURM).
Reforming Government Securities Markets in India – A pre-requisite for developing active derivatives markets on interest rates
Economists have long recognized the special role of Government Debt (and the market where it trades) in the economy of a country.
