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International Finance Corporation to invest USD $21 million in Grameen Koota
The renewed trust by these marquee investors is expected to provide more comfort to local lenders who finance MFIs for on-lending.
- Categories
- Investing
- Region
- South Asia
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Six months after demonetization, Kolkata’s first cashless transactors shift back to cash
The winds of change that brought in plastic money and e-payments to traditional shops have blown over. Cash is back.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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The World Is Looking For Affordable Drugs – and India Needs to Keep Delivering
India exports half of its total production of pharmaceuticals. Exports to the US and other rigorously-regulated western markets account for over 50% of India’s global exports. This has given a stamp of quality to Indian pharmaceuticals, adding to the confidence in Indian medicines in Latin American and the rest of the developing world.
- Categories
- Health Care
- Region
- South Asia
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Aman Foundation’s chairperson wins Social Entrepreneur of the Year award
Upon winning the award, Fayeeza said, “Aman is dedicated to promoting the centrality of family, and dignity of life for all. The ‘Sukh’ program was created with this mission in mind, and seeks to foster gender equality, by giving women the power of choice.”
- Categories
- Uncategorized
- Region
- South Asia
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Solar power: A shot in the arm for India’s health centers
Nearly 35 million people in rural India relied on un-electrified primary health centers as of 2015, according to government data. One in every two primary health centers has no electricity or suffers from power outages, putting baby deliveries, paediatric emergencies and cold storage of vaccines at risk, among other vital health services. Renewable energy sources like solar power provide an opportunity to work around the challenges that accompany a lack of electricity.
- Categories
- Energy, Health Care
- Region
- South Asia
- Tags
- renewable energy, vaccines
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Indian Digital Wallet Company Founder Says Its Biggest Competitor is Cash
Co-founder & Director of India’s leading mobile wallet company expects overall digital payments to contribute 35-40 percent of total transactions in the economy by 2018, citing cyber security as one of the most crucial issues for banks and consumers.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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Merger Looms As High Provisions Turn Bharat Financial Unprofitable
Bharat Financial Inclusion Ltd. is considering a merger even as India’s fourth largest microfinance lender reported losses in the March-ended quarter on a rise in provisions for bad loans after demonetisation.
- Region
- South Asia
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Money Management Application ‘Swadhaar Saathi’ Wins $100,000 from MetLife Foundation Innovation
Swadhaar Saathi has been announced winner of the MetLife Foundation Inclusion Plus competition in India. The competition was open to entrepreneurs, businesses and non profit organisations and aimed to discover innovative solutions to promote financial capability and access to financial services in India. With more than 100 entries, Swadhaar Saathi won the grand prize with its money management application and collected a grant of 100,000 dollars.
- Categories
- Uncategorized
- Region
- South Asia
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