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Out of the 660,000 habitations in India with a population of 100 or more, only 33,000 have a commercial bank branch. That's approximately one branch for every 20 habitations.
India's self-image needed a re-boot. This rebooting of India's 1.3 billion aspirations was conducted by the Prime Minister on the 15th of August last year. He did it with characteristic simplicity, by a simple call for "Make in India". Financial inclusion is the building block for unleashing the creative capabilities of this country.
Financial inclusion is critical to achieving the economic empowerment of women—one of the targets under the fifth Sustainable Development Goal on gender equality. In India, one in every five women lack access to a bank account. Although the country’s programmes promoting financial inclusion have increased the percentage of women having access to a bank account, wide gaps remain in account use, and access to savings and credit. Women c
The role of the State Finance Commissions between States and local bodies is supposed to mimic the role of Finance Commissions between the Centre and
RBI’s draft disclosure framework on Climate-related financial risks is a welcome step, but there are challenges ahead
With most of the grant money being used to settle loans and pay salaries, populist moves ahead of the state election may prove to be counterproductive
While the financial assistance has come at a critical time and will provide BEST with the backbone to straighten itself out, it is not a panacea for i
The need for a more multipolar global currency system is being raised amidst the rise of newer currencies and growing criticism of the US dollar
An overview of different parts of the financial system through the lens of reform puts in focus the role of individual regulators and political will i
The coal sector as a whole faces the problem of stranded asset on account of competition from renewable ― and policies changing globally ― away fr
Can Shinzo Abe resuscitate the G20 at the Osaka Summit?
The G20, though formed in 1999, was chosen as a forum to discuss financial reforms after the Global Financial Crisis of 2008.
Under India’s G20 presidency in 2023, it has the opportunity to advance digital financial inclusion in the agenda to allow an inclusive COVID-19 rec
A balanced and flexible regulatory environment that can accommodate the changing needs of consumers while protecting their interests is required
One can see the problem of illicit financial flow in a narrow view in terms of loss of tax revenue, but the more often missed out perspective is that these illicit flows create imbalances in the global economy that upset the efficiency of capital. Illicit financial flows cannot be curtailed without the collaborative effort of both developing as well as developed countries
Although India pledged to end gender disparities in its financial markets, however, studies show otherwise.
The pace of digital innovation far outstrips regulatory oversight; a drastic change in regulatory considerations is the need of the hour
Financial Inclusion can help formalise the economy, increase transparency and efficiency, and provide financial stability for India and Africa.
With its G20 Presidency halfway through, India must push for increased engagement in the Indo-Pacific region to address the SDG financing gap
The Indian market has so far remained protected from the downside, with a rise of 20.1% over the past year, after Germany’s 32.4%, and the US’s 21.4%. Barring a slight overvaluation that may correct as the next quarter numbers deliver profits, there is little real risk to the India story.
What differentiates India Post Payments Bank from its ancestor — India Post — is in its value proposition of providing a technology-driven payment
There is a strong case to be made for leveraging mobile banking systems in order to increase the quotient of financial inclusion in the country.
India is on the path to becoming a cashless society. The Prime Minister's Jan-Dhan Yojana is one more step towards a more developed India. And possibly a big step, if successful.
Women across the world have much less to spend and even lesser to save.
When comparing the current geopolitical landscape of Europe to the circumstances in the years following NATO’s establishment, it becomes apparent that very little has changed.
We look for self-starters, we look for people who do not settle, we look for people who have done something of their own before.
The legal, regulatory and political momentum to take action is there — yet, regulations remain mostly globally uncoordinated.
The financial condition of the Indian Railways (IR) is weakening by the day because of mounting losses in the passenger business. This, at a time when it is making efforts to improve its services through new capital intensive initiatives. IR’s freight revenue has traditionally subsidised its passenger revenue, resulting in one of the lowest passenger fares but one of the highest freight rates in the world. Since freight trains and passenger tra
India is facing a fiscal crunch, and Indians were not told. For this kind of mismanagement, more than a Finance Secretary ought to go.
The SEBI-FMC merger might create the opportunity for many derivative products based on "global commons" (like CO2 emission) to succeed, which otherwise failed in India due to lack of foreign participation. And, the new face of regulatory architecture will indeed usher in an age of innovation.
THE recent land rights issue of the Niyamgiri hills in Orissa seems to have been resolved with Rahul Gandhi's intervention. We are relieved that the ancient Dongria Kondh tribal population would be able to save their hills from exploitation by commercial interests.
The International Financial Architecture has come under much scrutiny following the 2008 global financial crisis. There have been demands for major reforms to the IFA; but despite the steps taken so far, much more needs to be done to ensure global financial stability.
The economic and social problems of the European Union (EU) have not been fully resolved since the euro zone crisis. This issue brief walks the reader through the genesis of the crisis, the reforms and the bailout packages implemented; discusses the adverse consequences of austerity and proposes alternatives; and ends with implications for India.
The recent G20 finance ministers’ meeting has reminded us of the powerful role the G20 plays in financial multilateralism. Will the objectives be me
