Publication: The Hindu Business Line

Liquidity support by the Centre may offer symptomatic relief, but India’s microfinance sector needs a structural recast. Without reforms to address recurring cycles of over-lending and loan stress, another credit guarantee package will only postpone the next crisis in this fragile sector.

Fairness, explainability and human-in-the-loop principle are vital elements of Responsible AI

When AI-driven decisions are fair, respect privacy and are not opaque, they foster customer confidence

Establishing principle-level guidance on operationalising Responsible AI would induce clarity and confidence

The framework should provide adequate compensation to victims, while investigative action continues in tandem

Stakeholders should gather a common set of data points for each complaint, distinct from their data objectives

Positive frictions while authorising transactions will give users some time before approving payment

This will inspire more consumer trust, and enhance transparency among agents

Policymakers should go beyond economics to look at sociological and anthropological aspects of how women negotiate finance.

Higher capital adequacy norms locking up funds