On 15th October, Mr. U.K. Sinha, honorable chairman of SEBI, had a more than 4 hour meeting with iSPIRT. The goal was to lay the ground-work for a new approach to Paperless and Presence-less Distribution Model enabling a 10X growth in the number of people buying Mutual Funds. The iSPIRT team was chaired by Nandan Nilekani and included key members of its Open API Expert Team – Sanjay Jain...
SBI and iSPIRT discuss future of banking in India
iSPIRT and SBI had a 4-hour meeting on the future of banking. 30+ seniormost officers of SBI – including all the MDs, DMDs, CGMs, and GMs – participated. Two SBI Board members were also present. Nandan Nilekani chaired the session from iSPIRT side. The first session was about understanding the technology trends that are shaping banking. There was special focus on understanding...
SEBI Startup Listing Exchange – Nasdaq of the East
Efforts of iSPIRT’s List-in-India Policy Expert Team have reaped the desired results. The securities market regulator, SEBI, has announced relaxed norms for a separate platform to allow “new-age companies” having an innovative business model and belonging to the knowledge-based technology sector to list in the country. The existing legal framework has considerable challenges for a successful...
Chief Economic Advisor is Infected Positively by the Irrational Exuberance of Indian Product Startups.
Mr. Arvind Subramanian, Chief Economic Advisor to the Government of INDIA, has been named as one of the world’s top 100 global thinkers by Foreign Policy magazine. After stepping into the shoes of Dr. Raghuram Rajan as Chief Economic Advisor, he is also a widely cited expert on the changing Balance of Global Economic power, as it pertains to INDIA & China. He is also the author of...
Era of Open APIs
APIs are important public goods that must be done right. They must not be held captive to commercial interests. This is why iSPIRT is helping Government in this area. iSPIRT’s work is inspired by Open Source movement and IETF methods. It fits with our charter of creating public goods without public money. Our Open API effort is based on some core principles: – Like IETF, iSPIRT is not...
Finance Secretary – interacts with Product Industry in Bangalore.
Mr. Rajiv Mehrishi promises deeper Institutional Reforms Mr. Rajiv Mehrishi, Finance Secretary, Ministry of Finance for Government of INDIA, is a pro-reforms, vocal advocate of institutional transformation of the Financial System in INDIA. Additionally, he is also the Secretary, Department of Economic affairs. Mr. Mehrishi and his team – Mr. Manoj Joshi (Jt. Secretary), Mr. Ajay Shah...