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A Social Stock Exchange for India & financing NGOs
Ms Nirmala Sitharaman announced the setting up a Social Stock Exchange (SSE) in her budget speech of July 2019 and SEBI was the nodal agency to help set it up. SEBI set up a working group with the mandate of framing the norms for it. Though there are 5 fully functional SSEs and 6 SSE equivalents in the world till date, none of them have been successful. India can learn several lessons from the Global experience and needs a SSE that is Indian in its outlook while at the same time effective in its approach and design. The SEBI report
The COVID crisis and the future of NGOs
While so much has been written about the COVID crisis and how life will never be the same again, there is little or no attention on a sector that is considered as one of India’s largest employers. It has been estimated that there are more than 3 million NGOs of all sizes and shapes that exist and that close to 30% of them will be shut down or rendered irrelevant by the end of this financial year 20-21. Read more about how NGOs can rediscover themselves and ensure long term survival in my article in the July issue of Civil
Are the grains rice only, or do they include other grains like Ragi and Jowar? For health reasons the middle classes and the wealthy are now moving away from rice and moving back to other grains which had fallen out of popularity. But our schemes have tended to focus on rice.