An autonomous research institute under the Ministry of Finance

 

Understanding the recent Banking Regulation (Amendment) Ordinance, 2017

09/05/2017

blog author image

[Co-author: Rajeswari Sengupta]

 

On 4 May, the President promulgated the Banking Regulation (Amendment) Ordinance, 2017. This adds sections 35AA and 35AB to the Banking Regulation Act, 1949 ("BRA").

 
The first applications of this modified law are visible. Under these new provisions, the Government has issued an order ...

A critique of RBI's proposal to regulate pre-paid payment instruments in India

03/05/2017

blog author image

[Co-authors: Gausia Shaikh and Bhargavi Zaveri]

 
Demonetisation has reportedly given a fillip to the use of digital pre-paid payment instruments (PPIs) in India. PPIs are stores of value which can be used for the purchase of goods and services. Some PPIs are akin to zero-interest deposits as they allow ...

Competition issues in India's online economy

05/04/2017

blog author image

[Co-authored with Ajay Shah and Avirup Bose]

 

The world of high technology companies is seen as a dynamic area with a rapid pace of creative destruction. There is, however, a class of industries where there are strong network effects, where the market tends to collapse into a narrow set of ...


Is Aadhaar grounded in adequate law and regulations?

30/03/2017

blog author image
[Co-authored with Renuka Sane]
 
The Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 ["the Aadhaar Act"], as the name suggests, aims at targeted delivery of subsidies, benefits and services by providing unique identity numbers based on an individual's demographic and biometric information. Enrollment into ...

Sustainable strategy to eliminate vector-borne diseases

02/03/2017

blog author image

[Co-authored with Shubho Roy]

 

In his budget speech of 2017, the Finance Minister, Arun Jaitley announced that the government has prepared an action plan to eliminate two vector-borne diseases by the end of this year (para. 64):

 
"Poverty is usually associated with poor health. It is the poor ...