666 results found
Though India dreams of replicating the shale gas successes of the US, it cannot enjoy the luxury of easily acquiring land for shale gas operations. In the US, landowners, besides owning surface rights, also own mineral rights. Consequently, they receive huge financial incentives directly from oil and gas companies.
This paper highlights the risks that emerging economies are exposed to given the extended use of Unconventional Monetary Policies in advanced economies. It also explores how financial resilience of emerging economies can be increased to ensure stable economic growth.
India will likely struggle to achieve the SDGs for financial reasons. At present, a shocking 2-3 per cent of Indians pay taxes. Mobilising domestic finance ? including optimal tax collection reform ? can help supplement the traditional sources of aid.
The last India-Africa Forum Summit took place in New Delhi way back in 2015, and significant shifts in global geopolitics and geoeconomics have occurred since then.
In October 2019, China’s Free Trade Agreement (FTA) with Mauritius opened the Chinese market to Mauritian exporters and investors. Not long after, concerns arose that Mauritius might be lacking in the capacity to benefit significantly from the agreement and thus lose in terms of a trade imbalance that clearly favours China. This brief revisits China’s motivations for the FTA, and finds economic and geopolitical goals. Given Mauritius’s smal
India’s critical water infrastructure must be built to withstand, respond to, and recover rapidly from climate disruptions
Open defecation (OD), an age-old practice in India, impacts the health of individuals as well as their communities. To tackle the problem, the Government of India launched the Swachh Bharat Mission (SBM) in 2014, aimed at making the country open-defecation free (ODF) by October 2019 by giving more attention to community-based approaches. However, while such approaches have helped solve the sanitation riddle in many countries, curbing OD in India
The Chinese are now seeking to finesse a situation where their continued economic growth requires them to open up their service and financial sectors in the world, while preventing their adversaries from using this to undermine the CPC control of China.
COP27 ने महिलांना आंतरसरकारी हवामान वाटाघाटींच्या केंद्रस्थानी ठेवणारे व्यासपीठ बनण्याचा प्रयत्न केला पाहिजे.
The outcome of the Third Plenary meeting of the 18th Central Committee of the Communist Party of China which ended on Wednesday in Beijing is like a typical iceberg -- you see some of it above the water, but most of it is below. The leadership knows well that if reforms of the financial sector and of creating a legal governance regime are delayed, the economic miracle could well turn into a nightmare.
A number of countries, including India, have either announced or are already implementing sustainable finance taxonomies that help mobilise capital for sustainable development and climate action. This brief examines the challenges to implementing sustainable finance taxonomies, including lack of harmonisation and standardisation, unavailability of data, lack of capacity, and financial burdens on companies applying these taxonomies. The brief prop
Access to, and development of indigenous digital platforms and cutting-edge technologies is imperative for robust socio-economic development and national security. In turn, such process needs to be democratised, and undertaken in a sustainable manner. India is a first mover in this novel idea of democratising technology and developing Digital Public Goods. Operationalised in the digital infrastructure called India Stack, India’s strategy aims t
The DeFi landscape is complex, encompassing digital assets, blockchain technology, and tokenization. Despite skepticism, it holds potential for financial inclusion, improved taxation, and democratizing investment in private markets.
China may be growing at an astonishing pace and registering record earnings, but it is the complex financial system in America that has been utilising these earnings
In September 2002, the Bush administration officially introduced its national security strategy report. In response to the devastating attacks on the epicentre of America's financial and defence establishment, President Bush outlined the fundamental tenets of a strategy that was authored to contend with changes caused due to the "profound transformation" in the current security environment. President Bush proclaimed that, in order to protect Amer
As digital infrastructure and financial technologies proliferate in India, embedding finance into non-financial platforms has emerged as a compelling business innovation. Across a range of domains, from e-commerce to agritech, embedded finance promises to increase financial inclusion, improve user experience, and enhance the monetisation capabilities of digital platforms. This brief explores the conceptual foundations, current landscape, key oppo
The increasing demand for mobility and the rising rates of motorisation in India have substantially increased energy consumption and carbon dioxide (CO₂) emissions from the road transport sector. As of 2021, road transport was responsible for 14 percent of the nation’s total energy consumption, 92 percent of transport-related energy demand, and 94 percent of transport-related CO₂ emissions. In 2021, India committed to net-zero carbon emissi
An enormous amount of capital is required for climate change mitigation and adaptation globally, but especially in emerging markets that have the dual burden of achieving development and meeting national climate goals in the coming decades. Although it is tough to estimate the precise amount of capital required to achieve these goals, it is anticipated to be in the range of trillions of dollars. However, the flow of capital into green sec
This brief examines how India’s Business Responsibility and Sustainability Reporting (BRSR) framework under SEBI’s Listing Obligations and Disclosure Requirements can evolve into a disclosure regime that is globally credible yet locally relevant. Drawing on comparative analysis and stakeholder consultations, it finds that the BRSR suffers from limited regulatory coherence and international comparability. The brief recommends using the Interna
Russia’s ongoing war against Ukraine follows its annexation of Crimea in 2014 and its continued direct support for separatist activities in eastern Ukraine, marking a new chapter in Moscow's geopolitical approach. China's response and its overt diplomatic, financial, and economic support for Russia was also noteworthy. This brief assesses the contours of the new geopolitical formation (the ‘DragonBear’, a term coined by this author)
सात वर्षांच्या वाटाघाटींनंतर, नवीन कराराने युरोपियन युनियनच्या आश्रय आणि स्थलांतर नियमावलीच्या आधुनिकीकरणाच्या दिशेने निर्णायक पाऊल उचलले आहे.
स्वीडनचे 2023 चे अध्यक्षपद हे एका गंभीर टप्प्यावर आले आहे कारण युरोपला अनेक आव्हानांचा सामना करावा लागत आहे.
In November 2014, India introduced a visa facility allowing foreign travellers wanting to come to India for recreational purposes, casual visits with friends or relatives, short-duration medical treatment or business visits, to apply for their visa online. Since then, the government has taken specific initiatives to improve the process, with the more recent ones including the introduction of three e-visa categories (e-medical, e-business, and e-t
This brief examines the efficacy of the inclusion of private capital in development finance, using the cases of certain countries that have met with success in utilising such a strategy. It underlines the experiences of institutions like the Japan Bank for International Cooperation (JBIC) and the United States International Development Finance Corporation (US-IDFC) that use innovative financial tools to support international financial institution
Over the last few decades, a global climate finance architecture has emerged to channel domestic and international funds towards climate change mitigation and adaptation efforts. However, mobilising climate capital at scale has been a challenge, particularly in the Global South, since the current financial system is inept at including climate change metrics in its capital allocation and disbursement processes, and applying a climate justi
Microfinance, which began in India 50 years ago, extends credit, insurance, loans, access to savings accounts, and money transfers to small business owners and entrepreneurs, especially those not served by the conventional banking system, or indeed the rest of the financial sector. This paper traces the history of microfinance in India and evaluates its impact. It finds that although the microfinance sector has emerged as a salient player in Indi
Rather than just raising trade barriers, countries should predict where Chinese subsidies will move next to compete there.
The African continent faces escalating climate threats, with rising temperatures, sea-level rise, water stress, and extreme weather events causing widespread negative consequences. This brief argues for the need to build a business case for greater adaptation investment in Africa. Climate change is already causing significant economic losses, with African countries losing 2-5 percent of GDP annually, while adaptation investments could yield retur
In many African countries—some of the most unbanked areas in the world—digital banking applications are redefining what it is to bank in economies with shallow penetration of the formal banking sector, representing an innovative force that is breaking new ground in the long-standing challenge of financial inclusion. This brief explores the emerging world of fintech in the context of Africa, outlining why financial technology applications are
Focusing on financing sustainable development, in India and elsewhere, ORF organised a conference that explored the future of global financial architecture for development and highlighted the difference between financing and implementation.
Climate change has emerged amongst India’s most formidable challenges to sustained GDP growth. To accelerate the implementation of the country’s commitments under the Paris Agreement and advance its progress towards the Sustainable Development Goals, finance is key. India needs to develop a comprehensive strategy and an integrated policy approach that aligns the country’s financial systems with the long-term needs of the economy while incor
The existence of an embedded financial network of militant organisations in Bangladesh will seriously undermine the global effort to neutralise global terrorist networks entrenched in the region.
The COVID-19 pandemic sparked rapid digitalisation worldwide, with work-from-home interactions, online payments, and online consultations for various services becoming acceptable practices. While this shift in the manner and nature of work brought enormous benefits, crucially in terms of access, it has also increased the kind of cyber security threats that countries face, with vulnerabilities felt particularly in the health and financial sectors.
The launch of Japan’s Official Security Assistance (OSA) framework in 2023 signalled a step further in the departure from a strictly pacifist aid model toward a more proactive approach to security diplomacy. Rooted in the 2022 revision of Japan’s National Security Strategy, the OSA institutionalises Tokyo’s gradual reinterpretation of constitutional and normative restraints on military assistance, while maintaining an emphasis on transparen
As global food production faces the negative consequences of climate change, best practices in climate-smart agriculture (CSA) must be promoted to achieve food security. This requires adequate financial and human resources to be channeled to the upscaling of CSA activities in high-impact, priority areas. Considering India and Africa’s complementary sectoral priorities and their similar roles in evolving global food markets, various opportunitie
India introduced Gender-Responsive Budgeting (GRB) in financial year 2005-06 to design public spending in a way that ensures that the benefits accrue as much to the country’s women as they do to the men. India’s effort has influenced both the government’s expenditures and its revenue policies—such as additional tax rebates on properties owned by women, for instance—at the levels of both central and state governments. However, 18
Gender equality is a fundamental human right. This principle is also found in the SDG 2030 Agenda where its signatories, including India, reaffirmed their commitment to mainstreaming gender development and ensuring equal representation of women in political and economic decision-making. This paper outlines gender-budgeting norms for resource allocations as an essential prerequisite for India to achieve progress towards the SDG-5 on gender equalit
Women make up a majority of the four billion people excluded from the digital economy. Policy narratives assert that the digital economy has the potential to transform the world of work. Conversely, there are concerns that the existing ‘digital divide’ within and across nations will simply exacerbate existing social inequalities and reinforce gender hierarchies. G20 member states have repeatedly committed to bridging pervasive gender gaps in
Can China slow down without imploding? No, says Mr. Osamu Tanaka, the Executive Vice President of the Policy Research Institute of the Ministry of Finance, Japan. He predicts that 2017/8 will be the beginning of a Chinese financial meltdown.
