The rapid urbanization in conjunction with industrialization has resulted in the growth of slums. Misplaced policies and bad administration have been a major contributing factor. Most of the Urban Local Bodies (ULBs) are ill-equipped to raise adequate revenue, which in turn results in a shortage of funds to undertake infrastructure development and service delivery. Furthermore,…
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One often wonders if the Union Budget is as big a deal amongst all sections of the population as it is in India. Usually, the budget is a somber boring exercise of number allocations and expense statements. In India however, it has become somewhat synonymous to big bang policy announcements and that time of the…
In a series of publications, Centennial Group (http://www.centennial-group.com) has described alternate scenarios of where the world economy could be by 2050. While there are other more aspirational scenarios, even under the central scenario the world will be very different than what it is today: it will be much more prosperous, with total global GDP three…
Prior to the 2014 general election, Dr. Rajiv Kumar, Dr. Ramgopal Agarwala and Mr. Rajesh Shah had come together to write a book with the objective of capturing public and expert opinion on the way forward for the development of India. The fundamental premise for writing ‘Resurgent India’ was to provide a long term strategic…
By mid-century (2050), per capita incomes of the majority of developing countries could conceivably have “converged” with those of the advanced (G-7) economies. By the end of the century, there will be nearly 7 billion people in emerging economies with average per capita income conceivably equal to that of the developed countries today. The present…
As a part of its ongoing project on ‘Role of Financial Institutions in Monetisation of Gold in India’, Pahle India Foundation (PIF) presented the outcomes of the primary survey conducted as a part of the study, along with suitable policy recommendations. The recommendations covered various policy reforms around Gold Monetisation Scheme (GMS), Sovereign Gold Bond…
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India stands fourth globally, in terms of carbon emissions (2 Giga tons). This calls for a huge reduction in emissions and therefore, an increased footprint in terms of renewable energy generation is needed. India is emerging as the leader in promoting clean energy, which is quite evident from the initiatives taken by the Prime Minister.…
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On 29th January 2016 a roundtable discussion was held on ‘Role of Financial Institutions in Monetisation of Gold in India’ to examine the role of financial institutions and other stakeholders of gold business in gold monetisation. The discussion revolved around the nuances in implementation of the recently introduced Gold Monetisation Scheme (GMS), the role NBFCs…
On 14th January 2016 a roundtable discussion was held on ‘Role of Financial Institutions in Monetisation of Gold in India’ to discuss the nuances in implementation of the recently introduced Gold Monetisation Scheme (GMS) including the tripartite agreement, role of NBFCs and setting up of a gold exchange in India. This was first of the…