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The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) is facing pushback from a number of large donor countries due to the alleged involvement of some of its employees in the October 2023 attack on Israel. India’s contributions to the agency, meanwhile, remain stable. This brief examines the nature and significance of India’s financial commitment to the UN body.

India’s micro, small, and medium enterprises (MSME) sector is a key driver of the country’s economic and social development by fostering entrepreneurship and generating substantial employment opportunities at comparatively lower capital costs. However, inadequate access to finance is one of the most crucial barriers to the sector’s growth. Recent developments in digital public infrastructure in India could present new solutions to boost MSM

The Smart Cities Mission (SCM), launched in 2015, seeks to improve the quality of life in 100 cities and towns of India. Overall, its progress has been uneven, with many cities yet to achieve the desired levels of transformation. This report evaluates the first five years of the Mission, and draws lessons from its successes and failures. It discusses the physical and financial status of the projects taken up so far, and identifies the mos

Triangular cooperation aims to forge global partnerships and foster sustainable global development. In such a system, traditional donors provide financial and technical support to facilitate development activities between two developing countries in the South, i.e. one emerging donor country and a beneficiary. Triangular cooperation allows nations to learn from the mistakes of the pioneers of the development cooperation process, bringing about co

This paper projects the nationwide and state-wise size of India’s Unified Payments Interface (UPI) market under various GDP growth scenarios. The market sizes under these scenarios are expressed in monetary values at the scale of both sub-national units and the Indian economy as a whole. With the help of transactions and market share data from Phonepe, a UPI company, the paper estimates the national and state-wise base case scenario market volu

International financial institutions are critical in global development and in achieving sustainable developmental goals, says Dr. Paul Cadario, while Mr. Ashok Lahiri says "international finance cannot be divorced from politics"

The Commodity Transaction Tax (CTT) was imposed on non-agricultural commodity derivatives trading in India from 1 July 2013. This paper investigates the impact of the CTT on some of the efficiency parameters of the commodity derivative markets in India. The authors analysed daily trading data from January 2006 to December 2019 of Multi Commodity Exchange (MCX) of India for five non-agricultural commodities: aluminium, copper, crude oil, gold, and

The financial gap that emerging markets have to bridge is huge; between $1 trillion and 1.5 trillion annually is needed for investment in infrastructure.

The global macroeconomy has undergone unprecedented change in recent years, particularly because of the COVID-19 pandemic. While the G20 had an effective coordinating role in steering the global economy through the 2008 global financial crisis, its role in engineering an inclusive and sustainable recovery from the pandemic has been more mixed. Incomes in the advanced G20 economies are on track to return to pre-pandemic levels by end-2022 but have

If Macron loses control of the National Assembly in June, he may be forced into an uneasy co-habitation that will limit his policy options. He knows that.

The impact of terrorism on the oil and tourism industries and on financial institutions and "Democracy, Terrorism and the Internet" received considerable attention at the International Summit on Democracy, Terrorism and Security held at Madrid from March 8 to 11,2005.

The US has provided financial and military support to Ukraine since 2014, when Russia took control of Crimea, and more firmly since February 2022, when the ongoing Russia-Ukraine war began. Indeed, US military, political, and strategic support to Ukraine is crucial to Kyiv as the conflict continues. For the Biden administration, aid to Ukraine is a vital principle on which his party politics hinges; it is a critical pathway to rebuild transatlant

Nature-based solutions (NbS) harness the benefits of nature to address climate change, biodiversity loss, and land degradation while creating pathways for sustainable development. While NbS could generate substantial economic benefits, current private finance flows remain insufficient due to market and information failures. This brief makes a case for increased private investments in NbS, highlighting their cost-effectiveness and sustainability.

Modi 2.0 must be about deregulating the economy and improving core regulatory skills to monitor and punish deviations without snuffing out the freedom to innovate, grow or diversify, which are at the heart of entrepreneurship.

The bulk of the new banking consumers are digital natives and don’t think of branches as an interface for financial transactions

Agriculture is one area in which the US wants a level-playing field. As the world is recovering from the financial crisis, new rules are being set for the benefit of those who have not done well. India and China have to watch out against the neo-protectionist policies of the West.

The visit has been mutually beneficial, especially with the signing/renewal of MoUs, adapting the Comprehensive Economic and Maritime Security Partnership vision, and India’s offer of financial assistance.

India’s young women, now more educated and healthier than ever, are entering a phase of significant socio-economic progress. Many of these women also aspire to become social innovators. With gender parity in education and an increasing number of women in STEM fields, they have increased potential for social innovation. However, barriers such as gendered social norms, domestic and care responsibilities, the digital divide, safety concerns, limit

Though the Japanese financial aid to Myanmar was used for purposes other than serving the interests of the people, the debt should be considered odious, and waived off to free the people from the woes of the debt incurred to aid their repression.

Mr. Thomas Haahr, First Secretary, Climate Change, Royal Danish Embassy outlined deep cuts in emissions of industrialised countries, financial support for developing countries, enhanced mitigation action by developing countries and adapting to the impact of climate change as the key challenges that would have to be addressed in Copenhagen

ORF Senior Fellow Dr. R. Swaminathan will work on mobile banking solutions for financial inclusion and prepare a policy document for the government.

The more the nation gets isolated, especially in the international financial system, the greater its dependence on the Chinese.

Instead of conjuring up bizarre conspiracy theories and nurturing a victim complex, Pakistanis need to see the reality.

Thailand is one of the few developing countries in the world that have successfully implemented Universal Health Coverage (UHC). Beginning three decades ago, Thailand’s UHC first covered the poor, then the near-poor, the formal sector employees, and the children and the elderly, through various publicly funded and contributory schemes until it reached 71 percent of the entire population in 2000. The government elected in 2001 implemented full-p

Uncertainty in financial arrangements is crippling and its trauma lingers. The good news is that this sell off is temporary. Stock markets are now back to where they were just two weeks ago.

Agriculture remains the primary sector of the Indian economy. While it accounts for merely 16 percent of the country’s GDP, approximately 43.9 percent of the population depends on it for their livelihood. In recent years, indebtedness, crop failures, non-remunerative prices and poor returns have led to agrarian distress in many parts of the country. The government has come up with various mechanisms to address these issues: insurance, direct tr

Digital financial services have benefits but pose privacy risks that harm consumers, merchants, markets, and nations alike. Some payments systems in India suffer from vulnerabilities because they were not prospectively designed on the basis of the ‘privacy by design’ principle. At the back-end, the centralised storage of data is risky. At the front-end, faulty capture devices enable data misuse. Across the middle mile, data is transmitted wit

The ISIS has suffered very heavy casualties while defending Raqqa and their military and financial assets stand heavily degraded.

Conflicts between central banks and governments are embedded in the evolving discourse of every democracy. The recent discord between the Reserve Bank of India (RBI) and the Ministry of Finance (MoF) is neither the first nor likely to be the last. Institutionally, once a disagreement between the RBI and the MoF crosses the Rubicon, the government has the power to overrule the central bank’s decisions. Moreover, such a structure is not restricte

The COVID-19 pandemic has made clear that global health crises are geopolitical events with far-reaching and long-lasting effects across the globe. It creates prodigious disruptions across economic, security, and social sectors, with spillover effects through trade, financial linkages, and tourism, to name the least. This essay argues that as the American-led order in Asia arguably falters, instead of China rushing to fill the post COVID-19 vacuu

The international community has been engaged in negotiations around climate finance for three decades now, and working definitions continue to assign the role of funder to advanced economies, and that of recipient, to emerging ones. This brief makes a case for expanding such narrow definitions. It calls on countries such as India to re-imagine not only the idea of climate finance but also the mechanisms of raising funds and the channels f

In August 2019, the Reserve Bank of India (RBI) released its final guidelines for a regulatory sandbox for fintech firms.[1] Technology innovations are disrupting the traditional financial sector, and the RBI’s regulatory sandbox exercise is an attempt to be more agile and absorb some of this disruption. ‘Sandboxes’ give regulators a chance to work with fintech innovators, mitigate potential risks and develop evidence-based policy, while fi

The effect of the 15th anniversary of China’s accession to the World Trade Organization (WTO) and the expiry of several provisions of its WTO Accession Protocol was the object of heated debate between major trading partners in 2016. Yet the question of China’s graduation to the market-economy status, and its implications on the anti-dumping investigations in the importing countries, remains. This paper explores the divergent legal interpretat

India, the world's most populous nation could also be its new industrial hub

As the frequency and impacts of climate events increase, demand for adaptation at the local level becomes urgent. The adaptation finance received from developing and least- developed countries is estimated to be less than USD 25 billion per year, which is exponentially less than the required amount of USD 215 billion per year. Further, the evidence indicates that less than 10% of global climate finance reaches the local level. Local communities l

आव्हानांवर मात करण्यासाठी SDG 4 लक्ष्यांना आणि तरुणांना सक्षम करण्यासाठी व्यापक शैक्षणिक सुधारणा आवश्यक आहेत. तरुणांना पुढे नेण्यासाठी संधी देण्यासाठी हे प्रयत्न आवश्यक

Many of the phenomena go back to the financial crisis of 2008, the biggest shock to the global economic system since the 1929. Nine years after 1929, a nervous, pessimistic and Hobbesian world was plunged into war. 2017 is nine years after 2008.

Social protection is crucial in tackling extreme poverty and ensuring equitable development, thus catalysing the transition to a more stable and robust economy. About 50 percent of India’s economy hinges on its informal workers, who comprise 90 percent of the country’s total workforce. Yet, these informal workers continue to be excluded from current social-protection schemes, leaving them with no social or financial safety net and trapping th

National Security Advisor (NSA) M K Narayanan is of the view that the Liberation Tigers of Tamil Eelam's international financial network is intact. He said that the epicentre of the separatist Tamil movement can turn out to be Tamil Nadu.

The crises in Sri Lanka and Pakistan are raising questions about the relevance and the costs of their reliance on the alternative financial system provided by China’s Belt and Road Initiative

The woes of the financial sector emanate from sick industries which are unable to pay their debt. It would be best to roll out a non-judicial version of the 4R (recognise, restructure, resolve, reform) approach.

The Sustainable Development Goals (SDGs) are the first truly global attempt to set universal development goals for all countries and transform the economic system. More than halfway through the timeline of achieving the SDGs, the COVID-19 pandemic and a series of subsequent crises have dealt a deathblow to the SDGs. A massive financing gap is the primary obstacle to the achievement of the global goals by 2030. This brief argues that the G20, with

The Union Cabinet announced in June this year the Agnipath scheme, designed to recruit youths into the Other Ranks (ORs) of the Indian armed forces. The scheme, which came into effect immediately, will enable new recruits, or Agniveers, to serve in the military for four years. While the stated aim is to turn the Indian military into a younger and more tech-savvy force, this brief argues that there is also a strong financial imperative beh

This paper dissects the persistent credit crunch that has provoked recent debates on the autonomy of India’s central bank. It tracks the trajectory of the liquidity squeeze, beginning with the wariness of public sector banks to provide credit to high-risk sectors as bad loans mounted. Yet these banks were continuing to provide loans to the NBFCs (non-banking financial companies), which were in turn extending loans to the high-risk sectors (such

The new Digital Personal Data Protection Act (DPDPA) is market-friendly but is lacking in attention to privacy requirements for sensitive personal data. This report highlights three types of sensitive personal data—i.e., biometric, financial, and health—and emphasises the need for transparent consent mechanisms that will safeguard an individual’s data. It underscores the role of data fiduciaries, urging the formulation of clear operational