The provisions for insolvency, bankruptcy and fresh start for natural persons as contained in the Insolvency and Bankruptcy Code (IBC) 2016 are expected to shift the paradigm of the Indian consumer credit market.
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The provisions for insolvency, bankruptcy and fresh start for natural persons as contained in the Insolvency and Bankruptcy Code (IBC) 2016 are expected to shift the paradigm of the Indian consumer credit market.
In this Response, we present our comments on the RBI’s Draft Framework for Authorisation of a Pan-India New Umbrella Entity (NUE) for Retail Payment Systems (Reserve Bank of India, 2020) (hereafter ‘Draft Framework’). Our comments are organised into two sections. Section I recognises five overarching concerns (summarised below), which will seek to convey and substantiate the following feedback to the Draft Framework. 1. Clearer regulatory objectives must guide the vision and design for NUE.
Our response to RBI on draft New Umbrella Entity (NUE) framework
Study on incentive compatibility in welfare delivery
Comments on PDP 2019
Dvara Research is an independent Indian not-for-profit research institution guided by our mission of ensuring that every individual and every enterprise has complete access to financial services.
Analysing the performance of Pradhan Mantri Mudra Yojana
Analyses on allocations for social welfare in the budget 2020-21
On the December 2019 Financial Stability Report released by the Reserve Bank of India.
The study found a set of issues that were common across all origination models, a smaller set of issues that were specific to certain institution- or product-types, and a set of issues with distribution channel design and incentive design.
In all our research efforts, we strive to maintain an independent voice that speaks for the low-income household and household enterprises. Our ability to perform this function is significantly enhanced by our commitment to disseminate as a pure public good, all the intellectual capital that we create.
