Unemployement rates in Urban and Rural India 2010

In India, reliable estimates of employment and unemployment are obtained through quinquennial labour force surveys conducted by National Sample Survey Organization.  The last such survey was conducted during 2004-05. Unemployment in India Shri Mallikarjun Kharge, Minister for Labour And Employment in a written reply to a question in the Lok Sabha today said that as per … Continue reading “Unemployement rates in Urban and Rural India 2010”

Interbank Mobile Payment Service in India

In November 2010, the National Payments Corporation of India had launched the Interbank Mobile Payment Service (IMPS). IMPS is an instant, 24 x 7, inter-bank electronic fund transfer service which is available 365 days of the year. The below video gives a demonstration about how an individual can receive and send money through his mobile … Continue reading “Interbank Mobile Payment Service in India”

Electronic Payments in India – 2011 Report

Preface The first decade has been an eventful and possibly a watershed period in the Indian economy with consistently high GDP growth, a mobile revolution resulting in over 700 million connections, rapid POS, ATM and branch expansion, the establishment of ecommerce and the penetration of plastic in millions of wallets across the country. India‟s economic … Continue reading “Electronic Payments in India – 2011 Report”

Beyond payments – Next generation Mobile Banking Report

PlaNet Finance and Oliver Wyman explored the power of mobile technology in providing low income consumers with access to a wide range of financial products that go beyond simple mobile payments. This work, sponsored by the Bill and Melinda Gates Foundation, aimed to look at distribution strategies and second generation mobile microfinance products via pilots … Continue reading “Beyond payments – Next generation Mobile Banking Report”

Action begets equal and opposite reaction

By Tensing Rodrigues Newton’s Third Law states that “For every action, there is an equal and opposite reaction”. When post its IPO the services of CEO of SKS Microfinace, Mr Suresh Gurumani were abruptly terminated, a can of worms opened. The sector, the organizations and their promoters that were once holy cows, suddenly turned into black … Continue reading “Action begets equal and opposite reaction”

Interview with Raju Kuriachan, Chairman – Hope Microcredit Finance

“Onerous conditions are sought to be placed on MFIs functioning” Microcredit is certainly a noble idea and a genuine innovation that has provided some positive impact to its clients, particularly to women’s empowerment. It also helps the poor during cyclical or unexpected crises, and thus reduces their vulnerability. A Post Graduate with additional qualification in … Continue reading “Interview with Raju Kuriachan, Chairman – Hope Microcredit Finance”

Interview Nachiket Shelgikar – Co-founder, Micro Housing Finance Corporation

Micro Housing Finance Corporation Limited (MHFC) is a start up venture aimed at providing housing finance for lower income households (mostly in the informal sector) in urban India. Visit MHFC’s Blog at mhfcindia.blogspot.com MHFC has been set up by finance and property development professionals with several years of local and international experience between them. The … Continue reading “Interview Nachiket Shelgikar – Co-founder, Micro Housing Finance Corporation”