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Viewpoint: We Need a New Global System of Disaster Insurance
Natural disasters like the devastating earthquake in Nepal constitute a highly uncertain but quantifiable risk. No one can say for sure when a major earthquake will strike. But the fault lines are known. We need a new global system of disaster insurance, akin to how homeowners guard against calamity.
- Categories
- Uncategorized
- Region
- South Asia
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Shadow Financing Indirectly Flowing Into China Stock Market
Mix the mainland's red-hot stock market with its opaque shadow lending industry and the result could be a new level of risk in the mainland financial sector.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending
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Saving Nepal: The Information Revolution
Communities impacted by the 7.8 magnitude earthquake (and subsequent aftershocks) that struck Nepal on April 25th have a variety of needs, stemming from immediate protection of physical safety and security, access to life saving services, and basic subsistence (food, clean water, shelter) and psycho-social support in the aftermath of an extremely traumatic event. In the case of Nepal and the city of Kathmandu, recent reports suggest that the capital city’s critical infrastructure and services were not sufficiently resilient to protect against an earthquake, that the topography of the region is such that landslides remain a concern, and that socio-cultural factors like caste-based discrimination makes some communities more vulnerable than others.
- Categories
- Health Care
- Region
- South Asia
- Tags
- philanthropy
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Crowdfunding Raises Millions for Nepal Earthquake Victims
If you want to measure the constructive power of social media, look no further than the crowdfunding campaigns for Nepal earthquake victims, which have proliferated in the days since disaster struck the nation.
- Categories
- Technology
- Region
- South Asia
- Tags
- crowdfunding, philanthropy
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Viewpoint: Nepal Response Shows Why Donor-Advised Funds Are a Boon to Philanthropy
In the days immediately after Americans learned of the devastating earthquake in Nepal, they began to send millions of dollars in donations to organizations prepared to put disaster-relief boots on the ground in that historic Himalayan kingdom.
- Region
- South Asia
- Tags
- philanthropy
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CNET Founder Eyes Bitcoin Wallet in India
From having founded the pioneering digital publishing platform CNET, selling it for $1.8 billion to CBS and filing for Chapter 7 bankruptcy subsequently, Halsey Minor — an American serial tech entrepreneur from the 1990s dotcom boom era — has seen it all. His next big bet is digital finance, which he describes as the "last frontier of internet", with all other consumer-facing segments having been already tapped.
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- Uncategorized
- Region
- South Asia
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Viewpoint: India’s MFI Rules Need More Thought, or Else They Can Go Wrong
The microfinance industry has witnessed many changes since the 2010 crisis. Recently, the Reserve Bank of India (RBI) eased some lending norms for microfinance institutions (MFIs), which will mean enhanced access to credit for customers. Also, the government has proposed that the Mudra Bank (Micro Units Development Refinance Agency Bank) will regulate MFIs. Alok Prasad, chief executive officer, Microfinance Institutions Network (MFIN), a self-regulatory organization for non-banking finance company (NBFC) MFIs, talks about regulatory challenges in the industry and how the future of microfinance may evolve. Edited excerpts:
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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OPINION: Financial Inclusion in India – Easier Said Than Done
Given the numerous players and rapid churn in financial inclusion technologies, regulators face a challenge
- Categories
- Uncategorized
- Region
- South Asia
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