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Can poo power solve India’s toilet problem?
India is in the midst of a toilet-building frenzy, the government has set aside $20bn for the health initiative and aims to stop people having to defecate in the open by 2019.
- Categories
- Environment, Health Care
- Region
- South Asia
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Reserve Bank of India Says ‘No’ to Islamic Banking
Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. The issue of introduction of the interest-free banking in India was examined by RBI and the government of India, the central bank added.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- Islamic finance
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Report: India’s FinTech adoption rate exceeds global averages
According to EY FinTech Adoption Index, India has the second highest FinTech adoption rate among digitally active consumers at 52 percent, only second to China at 69 percent.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech
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How India Is Moving Toward a Digital-First Economy
On November 8, 2016, India’s government did something that no other government had attempted before at the same scale: It decided to remove 86% of the country’s currency notes by value from circulation. Over the months that followed, more than 1 billion people participated in a “reboot” of the country’s financial and monetary system.
An active debate has since ensued as to how the transition unfolded.- Categories
- Finance, Technology
- Region
- South Asia
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Demonetisation Anniversary: 40% of Indian Mobile Wallet Users Shift Back to Cash
A study on the usage pattern of mobile wallets conducted by Chrome Data Analytics & Media, found that around 40% out of the 65% active users for mobile wallets have shifted to cash transaction with an increase in the availability of cash in hand.
- Region
- South Asia
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India still scarred a year after Modi’s demonetization move
It is almost a year since India’s prime minister, Narendra Modi, announced a shock move to ban most of the cash in circulation.
There remains a significant level of skepticism from some quarters about how successful demonetization has been.- Region
- South Asia
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Demonetization’s impact on domestic remittances
Trends in domestic remittances before and after demonetization would provide an insight into the impact of the policy on incomes, liquidity, as well as choice of digital channels by members of the informal sector. Such data is, naturally, not yet available. However, there is a fascinating category of firms whose experience during this period can provide important perspectives.
- Region
- South Asia
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Centrum Capital to acquire FirstRand Bank’s microfinance business in India
As part of starting up, Centrum Capital has executed a definitive agreement to acquire the Indian microfinance business of South Africa-based FirstRand Bank, which currently has around 70,000 customers in the Maharashtra region and employs over 300 people. This is the second lending business the firm has recently entered, following its entry into affordable housing finance at the end of last year.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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