Tag Archives: The

Has India’s financial sector lost the plot?

Reforms have failed to boost public investment or provide relief to financial institutions. A comprehensive review is needed The outcome of reforms in India, in a broader sense, is remarkable. The breadth and depth of finance have vastly increased — be it in banking, financial markets, insurance, or fund management. Investment opportunities have grown with newer asset classes, an expanded ... Read More »

How To Empower The Next Generation Of Finance Leaders

The complex field of investment management is steadily evolving, and this means leaders from all sectors must keep their eyes peeled for new talent. But balancing retention and professional development on top of the seemingly endless recruitment process for top talent can be burdensome for business owners. To help remove some of the burden, here’s a rundown of what investment ... Read More »

The Education Department is cancelling $10.8 million in student loan debt for students at two shuttered schools

More than 1,500 former students at two shuttered schools will get a fresh start on their finances after the U.S. Department of Education said it will void their student loans. The department will cancel approximately 4,000 loans for ex-students at the Art Institute of Colorado and the Illinois Institute of Art, amid scrutiny from a Congressional committee and a class-action ... Read More »

The Shift Toward Decentralized Finance: Why Are Financial Firms Turning To Crypto?

A wave of crypto startups has washed upon the shores of the financial industry in the last couple of years. The industry leaders, aka banks and exchanges, have seemed invincible up until now. Nowadays, there are dozens of crypto startups racing to take over the stage. With the existing global financial system contributing to numerous inequalities, these startups have recognized ... Read More »

15th Finance Commission terms tilt fiscal scales in favour of the Centre

The challenge has been to achieve this without unduly damaging state government incentives for raising their own revenue, and for spending with profligacy. (Reuters) The current ruling coalition has shown a propensity for bold moves in its attempt to reshape India’s polity and society to match its vision of the nation. The economy has sometimes received similar treatment, with the ... Read More »

Education: Beyond the Learning Curve

Class action: Students in a Kolkata school (Photo: Subir Halder) The Journey So Far The K. Kasturirangan committee has submitted the Draft National Education Policy, 2019. The new education policy could come in November. Five public universities have been given the ‘Institution of Eminence (IoE)’ tag; five private varsities have received letters of intent for the same. [“source=indiatoday”] Read More »

Is The American Dream Fraying? What We Can Learn From The Finance Industry

Nearly 80% of Americans have a negative perception of big business. High-profile scandals, stagnant wages, harmful products, and poor working conditions are all to blame. That’s why the Business Roundtable made waves in August when it published a revised mission statement, signed by 181 prominent CEOs. According to the new statement of purpose endorsed by financial firms including JPMorgan Chase & Co., BlackRock, Inc., ... Read More »

Putting local actors in the driving seat of climate finance

Food security is an increasing challenge in Nigeria, with 54% of households food insecure in 2016. Production is largely dependent on natural environmental resources like fertile land, rainfall, temperature and humidity. Much of the country’s agricultural land has been redeveloped for the oil and gas industry and the forest destroyed to give way to big infrastructure projects. Not only is ... Read More »

New small finance bank licenses on the way

The central bank plans to offer new licenses to set up small finance banks and allow payments banks to also apply for licenses, people familiar with the development told Moneycontrol. If payments banks are allowed to become small finance banks, it will allow them to offer a wider bouquet of services, including microloans. It will also be an acknowledgment of ... Read More »

Vandalism Spurs Investigation at the Department of Education

An investigation is underway at the Department of Education after an employee’s office was vandalized last week. U.S. Secretary of Education Betsy DeVos called on Federal Protective Services “for a comprehensive investigation” of “an incident involving an employee’s personal belongings on the third floor,” according to a statement from Department of Education spokesperson Angela Morabito. No one was injured and ... Read More »