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Q&A: Adi Godrej, Chairman of Godrej Group
Adi Godrej, billionaire chairman of the family-controlled Indian conglomerate Godrej Group, sat down with India Real Time to talk about why India should tolerate a little inflation, about how India’s economy should really be growing at 10%, and about his optimistic outlook for Godrej’s expansion across 20 emerging markets in Africa, Latin America and Asia.
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Africa’s Chance to Leapfrog the West
You've heard about the African Renaissance, right? The Aid Bosses, once the unquestioned successors in Africa to the joint heirloom of Mother Teresa and Lord Clive of Chennai, are finding it harder and harder to get face time with the political grandees in our wheeling and dealing capitals. The Chinese are fawning all over our oil and copper, forcing once-aloof Westerners to write treatises about why China's engagement with the continent isn't all marshmallow candy.
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Swabhimaanya Rolls Out Insurance Schemes for domestic help
In a bid to provide insurance schemes for the bottom-of-the-pyramid clientele, financial inclusion company Swabhimaanya Monday rolled out insurance cover starting with premiums as low as Rs.200 per annum for domestic helps and chauffeurs."With around 100 million domestic help employed across India, the need of the hour is to empower this section of the society with basic financial exposure," said Swabhimaanya chief executive and managing director Rahul Pagare, adding that the firm plans to reach out to one million people by the end of year.
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E+Co Announces Plans to Scale Up Clean Energy Investments
E+Co, the non-profit leader in clean energy investing in small and medium enterprises in emerging markets, announced today that it will phase out its innovations unit to solely focus on and scale up clean energy investments in developing markets.
- Categories
- Energy
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Indian MFIs Have Deviated From Idea of Micro Credit: Muhammad Yunus
Microfinance institutions in India have deviated from the idea of micro credit, Professor Muhammad Yunus, chairman of Yunus Centre and pioneer of micro-credit, has said."They (MFIs) moved away from the idea of micro credit. That has created all the problems," said Yunus, in a media brefing in Mumbai. "MFIs based in Andhra Pradesh have drifted from their mission.
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Indian MFIs Have Deviated From Idea of Micro Credit: Muhammad Yunus
Microfinance institutions in India have deviated from the idea of micro credit, Professor Muhammad Yunus, chairman of Yunus Centre and pioneer of micro-credit, has said."They (MFIs) moved away from the idea of micro credit. That has created all the problems," said Yunus, in a media brefing in Mumbai. "MFIs based in Andhra Pradesh have drifted from their mission.
- Categories
- Uncategorized
- Region
- South Asia
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The Quiet Revolution in Social Impact
There are currently 30 million African migrants who have left their home countries to find work elsewhere. They support more than 300 million people in their home countries, remitting essential food and goods, and in aggregate represent more than $10b in annual economic activity. This is an economy without an infrastructure, however, relying on informal channels and bribes to function.South African entrepreneur Suzana Moreira is working to change that. Her startup moWozauses SMS to help African migrants order, pay for, and select a place for parcel pickup.
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The Quiet Revolution in Social Impact
There are currently 30 million African migrants who have left their home countries to find work elsewhere. They support more than 300 million people in their home countries, remitting essential food and goods, and in aggregate represent more than $10b in annual economic activity. This is an economy without an infrastructure, however, relying on informal channels and bribes to function.South African entrepreneur Suzana Moreira is working to change that. Her startup moWozauses SMS to help African migrants order, pay for, and select a place for parcel pickup.
- Categories
- Impact Assessment, Technology
- Region
- Sub-Saharan Africa
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