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OPINION: Financial Inclusion in India – Easier Said Than Done
Given the numerous players and rapid churn in financial inclusion technologies, regulators face a challenge
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- Uncategorized
- Region
- South Asia
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NexThought Monday: Is Faster Necessarily Better?: As India’s financial inclusion initiatives race forward, questions linger about its microfinance-focused MUDRA
The pace of recent financial inclusion initiatives in India has been supersonic. Since August of last year, banks have opened 147 million new accounts, thanks largely to government programs. But while this progress is exciting, there are a number of unanswered questions about the real impact of these initiatives, including the new microfinance refinancer/regulator MUDRA.
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Ugandan MPs Ask Government for Greater Mobile Money Regulation
Members of Parliament grilled Information, Communication Technology (ICT) state minister, Nyombi Thembo over lack of a law to regulate mobile money services and safeguard clients’ money.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- regulations
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China Is Fertile Ground for Growing Internet Finance
The recent establishment of private Internet banks has ushered the banking industry into an era where banks need no brick-and-mortar offices. Technologies like big data make this possible, yet there is disagreement over how much potential Internet finance has.
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- Technology
- Region
- South Asia
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- regulations
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WHO Demands Disclosure of All Clinical Trial Results
The World Health Organization called on Tuesday for the release of clinical trial results for all drugs, vaccines and medical devices - whatever the result - in the latest salvo against the withholding of data.
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- Health Care
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- regulations, vaccines
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In Myanmar, Microfinance Stagnates Due to Tough Rules
The domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance, regulations
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Indian Microfinance Institutions Want RBI, Not Mudra Bank, as Regulator
Microfinance institutions (MFIs) are worried about the government's decision to set up the Micro Units Development and Refinance Agency, or Mudra Bank, to regulate them as there could be a conflict of interest. They want the Reserve Bank of India ( RBI) to continue as their regulator.
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- Uncategorized
- Region
- South Asia
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- microfinance, regulations
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U.S. Consumer Watchdog Unveils Plans to Regulate Payday Loans
The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
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- Uncategorized
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- lending, microfinance, regulations