Funds devolution from state governments to ULBs: The case of Karnataka
The revenue share between state governments and ULBs is determined by the State Finance Commissions (SFCs) which are set up by state governments every 5 years. In essence, the…
Why the land and gold obsession of rural Indians may be entirely rational
What does the asset allocation look like for people living in remote rural India (villages with less than 5000 population)?
Financial Engineering for Low-Income Households – Book Launched
The book is an edited compilation of articles that focus on using financial engineering a multidisciplinary field that uses technical methods from the fields of finance, mathematics and
Karnataka Municipalities Act, 1964 – Part I & II
Continuing our Municipal Finance blog series on the Financing Small Cities blog, in this two-part series we look at the Karnataka Municipalities Act, 1964, which is the enabling legislation…
Unanticipated consequences of Finance Bill provisions on securitisation
Below is an excerpt from a post that first appeared on Ajay Shah’s blog. By Bindu Ananth and Kshama Fernandes…
IFMR Capital: Securitizing Microloans for Non-Bank Investors
Columbia Business School has developed a case study documenting the background and the story behind the launch of IFMR Trust Pioneer II, the first rated microfinance securitization transaction to…
Regulator Supervision of the Suitability process: An example from UK
We have presented Suitability as the paradigm of choice for India’s financial system and have put forward the idea of Suitability as a board-approved process that each financial services…
JNNURM: Brief Overview of the Mission – Part I & II
Continuing our blog series on Municipal Finance in India, in this two-part series we provide a brief overview of the Jawaharlal Nehru Urban Renewal Mission (JNNURM).
Who will pay for the payments plumbing?
A recent Economist article says that 70% of Kenyans now use mobile money in some form. The battle against cash is an important one in the larger war against…