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.
Unemployment Support in Argentina, Chile and Brazil
Continuing our analysis of International Unemployment Support schemes, we now discuss designs in three South American countries: Argentina, Chile and Brazil.
Recommendations of the Bakshi Committee Report
In July 2012, RBI set up the Expert Committee under the Chairmanship of Dr.Prakash Bakshi, Chairman, NABARD, to examine the Three-Tier Short Term Cooperative Credit Structure (STCCS) in India.
Summary of Report on Indian Urban Infrastructure and Services (2011) – Part I & II
Continuing our blog series on Municipal Finance in India, in this two-part series we review the Report on Indian Urban Infrastructure and Services (2011).
Indian Corporate Debt Markets – Secondary market issues
The absence of secondary markets for corporate bonds in India is arguably the single most important reason for this market not seeing the kind of growth one would expect.
