With banks increasingly facing the problem of bad loans, what can help them distinguish between good borrowers and bad ones? This is where the RBI’s Public Credit Registry or PCR comes in.The proposed repository of financial data will contain information about all borrowers. Sakshi Batra talks to Gaurav Choudhury, Deputy Executive Editor, Moneycontrol, to find out why this is an important step, what the implications are and the challenges in implementing this.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about [email protected] | Why is RBI’s public credit registry important?
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On August 15, 2014, in his first Independence Day speech from the Red Fort’s ramparts, Prime Minister Narendra Modi announced that the government would replace the Planning Commission with a new body.The announcement paved the way for bringing the curtains down on a 64-year old institution founded on the former Soviet Union's command-style development model.Modi did not name the institution, which he said will give a "new direction to lead the country based on creative thinking, public-private partnership, optimum utilisation of resources, utilisation of youth power of the nation, to promote the aspirations of state governments seeking development, to empower the state governments and to empower the federal structure".Close Four-and-a-half months later, the NITI (National Institution for Transforming India) Aayog was set up, setting the stage to for a creating the government’s go-to policy think tank, abandoning the earlier one-size-fits-all approach to contemporary … [Read more...] about Modinomics | NITI Aayog – the much needed upgrade to Planning Commission
At the inaugural conference for the Strong, Prosperous, and Resilient Communities Challenge (SPARCC)—a new $90 million investment initiative centered around making communities more equitable—Shelley Poticha, director of urban solutions at the Natural Resources Defense Council, cited a hard truth. advertisement advertisement “Your zip code is more important than your genetic code for your health outcomes,” she told an audience of 320 community organizers, planners, policymakers, and people with symbiotic relationships between urban design, health, and economics who gathered at the Schomburg Center, in Harlem, New York City. But the first step to building more equitable communities begins with health, SPARCC argues. “It’s difficult to have conversations about equity because there are complications about what racial equity means,” says Paul Aldretti, program coordinator with Mile High Connects, a Denver organization that’s working … [Read more...] about Inside The $90 Million Initiative To Reverse Urban Inequality
Words shape design. Real words, not lorem ipsem, should form the ground-up basis for product design. This thought has been paraphrased on this site multiple times, by numerous contributors. Increasingly, the design community seemingly takes this truth to heart and has heartily paid lip service to the importance of “content” (words, the copy). I’ve read several articles written by designers who give sound advice on how to write good UI copy. Many of these pieces, like John Zeratsky’s piece on good interface writing, provide insightful tips on how to write better product copy. advertisement advertisement I read a recent piece published here, “Why Content Reigns Supreme in UX Design” with interest because I am a product content strategist at Airbnb embedded within a UX design team. I think content is not just pretty important, but the primary component of many user experiences. Unfortunately I could feel the collective groan of the UX writer … [Read more...] about Designers: Stop Asking Copywriters To “Punch Up” Your Work
The government is considering a NITI Aayog proposal for distressed farmers, which will have a minimum impact on the exchequer and be least ‘market-distortionary’, the Business Standard reported.Sources told the newspaper that this model will allow free play of market forces and not impact exports as compensation will be paid directly to farmers.As per the proposed area-based income compensation scheme, farmers would be paid the difference between the actual price they receive and the government-mandated minimum support price (MSP). The compensation, the report suggests, will be determined on a per acre basis by using district-level estimates of marketable surplus and prices in the harvest season.Close Payout will be different for each district and could be easily implemented using daily price data from the government’s agmarket.nic.in portal. Farmers could also be compensated for past losses using this method as the portal has price data for the past several … [Read more...] about Govt studying NITI Aayog’s area-based package for distressed farmers: Report