EAC-PM

The world has quietly abandoned free-market orthodoxy. The Washington Consensus is dead. India helped prove it wrong. Now it must prove itself right. Member @ShamikaRavi writes " When State returns to the policy centrestage"

The result of these process reforms is that the number of approvals has gone up by 10 times and the backlog is being cleared rapidly. This paper is a part of an attempt to document how such process reforms are implemented so that they can be replicated across sectors.

IEPFA was set up in 2016 to administer the Investor Education and Protection Fund (IEPF) where unclaimed corporate shares and their related dividends are accumulated.

New EAC-PM Working Paper “How to do Process Reforms: Case study of IEPFA” by @sanjeevsanyal , Member, EAC-PM and @AakankshaArora5, Director, EAC-PM. The paper lays out how Investor Education and Protection Fund Authority (IEPFA) was overhauled step by step over the last 1 year

Together, these measures can transform care from an undervalued sector into a formalised economy that generates employment, supports women’s economic participation, and meets growing care needs.

Regulations - establishing quality assurance standards to ensure consistent service delivery across public, private, and NGO providers.

India’s care economy is large, invisible & underinvested. It is one of the largest untapped economic opportunities. Latest Working Paper by Dr. @shamikaravi, @mitalinikore, @hazbhabesh & @psindhuja_ urges a re-imagination-care must be treated as social & economic infrastructure

The analysis also finds that priority sector lending certificates (PSLCs),an instrument introduced by the RBI in FY 2016-17, provided flexibility to banks in meeting priority sector obligations without significantly altering regional distribution of PSAs or their impact on growth

Increasing allocation of PSAs to presently underserved districts using a top-down bank mandate is likely to be inefficient.Instead,targeted interventions that holistically tackle all binding development constraints are required to maximise the effectiveness of credit disbursement

Hon’ble Chairman, Prof @MahendraDevS , Joint Director, Dr Sri Vatsa Sehra, Joint Secretary, Dr KK Tripathy and Deputy Director, Shri Kamil KPS Bhullar of EAC-PM illustrate in their latest working paper the distribution and economic impact of priority sector lending in India.