“Developing a Framework for Establishing an SRO in India ”

The gold ecosystem in India, despite numerous reforms in recent times, is still riddled with various problems such as transparency, price discovery, and standardisation among many others. Moreover, the business of gold has multiple regulators and ministries controlling the various aspects of the business. Pahle India Foundation believes that the business of gold could benefit from the establishment of a Self-Regulatory Organisation (SRO), which…

The Financial Vulnerability of States Offering Large Power Subsidies”

There is an ongoing debate around power subsidy reform. Subsidies to the power sector continue to grow every fiscal year, even though they adversely affect the balance sheets of power distribution companies (DISCOMs), which are compensated by state governments, and draw resources away from revenue-yielding activities in state budgets. Pahle India Foundation intends to examine…