May 2021 – Srinath's Blog

Month: May 2021

Funding modern, low-cost Indian healthcare infrastructure

Much of our economic slowdown and the impact on the public morale due to Covid is a hard reality. We need to get the economy into revival mode and also as a conscientious nation, we must spend in building health care infrastructure with a vengeance. The Indian Healthcare sector has challenges of inadequate distribution of…
XBRL can enhance transparency, ease of doing business

In 1998, Charles Hoffman, a certified public accountant from Tacoma, US investigated the use of XML for electronic reporting of financial information. He began developing prototypes of financial statements and audit schedules using XML. His experimentation went ahead and the American Institute of Certified Public Accountants (AICPA) got involved. They put together eXtensible Business Reporting Language, or…
The idea of GST-credits as bank-credit product

The state of credit access and liquidity availability in the system has to be seen from the lens of the borrowers as well. While statistics can be used to depict that all is well, the aversion to credit risk seems to be the flavour of the season. Ask the SME/MSME entrepreneurs! Original Article: https://www.cnbctv18.com/views/the-idea-of-gst-credits-as-bank-credit-product-9442181.htm
Legends of the fall: Govt, RBI must clarify on cryptocurrencies

Cryptocurrencies witnessed huge volatility last week with Bitcoins crashing to $30,000 before making a slight recovery. In the process, the most traded crypto lost around half of its value, bleeding investor value across the world. It is estimated that crypto investors lost at least $830 billion in last week’s meltdown. Still, they have an aggregate…
Voices Within, For & Beyond: ESG

In this 21st century “global village”, it is no longer just about maximising profits, but also about using sustainable supply-chain practices to ensure long-term growth and longevity. The term ESG was first coined in 2005 in a landmark study initiated by United Nations, titled as “Who Cares Wins.” Environmental, Social, and Governance (ESG) refers to…
Nilesh Sathe’s “Never Give Up”

The book captures the essence of a self-made individual, rising to higher positions and still retaining the humility and warmth. India has many stories about individuals overcoming odds and succeeding. This is a memoir, whose narrative is easy-to-read. The feeling that one gets reading this book is as if a family friend is sharing his…
Case Studies – Is There A Case For It?

Can business cases written 5-10 years ago be relevant today? The changed-context could make the content irrelevant ! Is it time to rethink about usage of Case studies ? World’s first program in “Master of Business Administration” began at Harvard Graduate School of Business & Administration in 1908. Fourteen years later, in 1922, case method…
Governance Redux ?

Any such fluidity of regulations detracts from the RBI’s avowed principle of vesting bank boards with more responsibility and initiative. Especially when it needs to demonstrate more of it now. The Reserve Bank of India (RBI) had recently issued a fresh set of operating guidelines relating to corporate governance norms in commercial banks. These relate…
What exactly is ESG: All you need to know about the 3 key factors that define the growth of an organisation

Environmental, Social and Governance (ESG) are three important factors that help in understanding sustainability and societal impact of an investment in a company Environmental, Social and Governance (ESG) refers to the three core themes in measuring the sustainability and societal impact of an investment in a company. These criteria also help in determining the future…
BFSI can’t treat second holders as second-class citizens

Much of the Indian financial accounts have the “Mr” as the first holder and the “Mrs” as the 2nd holder. This is the story of a well-educated, globally traveled, upper-middle-class middle-aged couple from Mumbai – Mrs & Mr, who live in cosmopolitan India. As people involved (now or before) in Corporate India, both of them…
‘Almost Everything Human(E) : The Price Of This Pandemic’

Not knowing how this pandemic will play out, it continues to hurt us and impairs our economic, physical and mental well-being. It is making many of us increasingly despondent, unhappy and lonely. The COVID-19 pandemic has rough-shod its fury on the world, taking a huge toll on human lives, still poses greater risk to humanity…