Page 26 - Social Impact

PROF. ARPIT SHAH PROF. M S SRIRAM
Prof. Arpit Shah, faculty from the Public Policy area and IIMB Young Faculty Research Chair,
has been awarded funding from Evidence in Governance and Politics (EGAP), to extend
his dissertation research on urban green spaces. His was one of the two successful ‘climate
justice’ proposals from 75 proposals that the program attracted.
The priority themes for the proposals were: urban violence and policing; climate justice, and
polarization and democracy. The ‘climate justice’ research area focuses on policy responses
to climate change and addressing inequalities across people and communities who bear
the brunt of its negative impact. Prof. Shah’s work will focus on examining environmental
injustice in urban India.
The funding will be used to support research-related expenses, including data purchase and
storage, and spending on research assistance.
Evidence in Governance and Politics (EGAP) is a research, evaluation and learning network
with worldwide reach that promotes rigorous knowledge accumulation, innovation, and
evidence-based policy in various governance domains, including accountability, political
participation, mitigation of societal conflict, and reducing inequality. It does so by fostering
academic-practitioner collaborations, developing tools and methods for analytical rigor, and
training academics and practitioners alike. EGAP operates as a research initiative out of the
Institute for Governmental Studies at the University of Berkeley. These grants are supported
through funding from The Hewlett Foundation.
Prof. Arpit Shah’s research interests are in the areas of climate policy, urban sustainability
and sustainable transport.
PROF. SOURAV MUKHERJI
Prof. Sourav Mukherji, Dean, Alumni Relations & Development and faculty in the Organi-
zational Behavior & Human Resources Management (OBHRM) area, has published a book
called, ‘Inclusive Business Models: Transforming Lives and Creating Livelihoods’. The book,
published by Cambridge University Press, talks about organizations that employ principles
of business to address the needs of the poor. It takes an analytical approach to derive insights
about business models in comparison with other inclusive models seen within the same
sector and through comparisons with models from a different sector. This cross-sector com-
parison, especially with a number of case studies, acts as a guide to management students,
practicing managers and entrepreneurs for understanding and analyzing any business model
that intends or claims to be inclusive.
PROF. HARITHA SARANGA
• Prof. Haritha Saranga, from the Production & Operations Management area and IIMB
Chair of Excellence, has been a member of the Technical Committee on 108 Arogya Kava-
cha and 104 Arogya Sahayavani, Ministry of Health, Karnataka State Government, during
2020-2021.
• Has been assisting ‘Looms of Ladakh’, a cooperative run and managed by 200 women arti-
sans in Ladakh, in optimizing their sourcing and production operations, as an advisor.
• Has been working with the CII Foundation, to document their efforts to curb Crop Residue
Burning in the states of Punjab and Haryana through case studies and research papers, in
the process sharing her insights for future improvement.
24 | Faculty and Research
Prof. M S Sriram, Chairperson, Centre for Public Policy, was on the External Advisory
Committee of the RBI to licence small finance banks. Ten Banks were provided licence after
deliberations of the External Advisory Committee. He also chaired the Expert Committee
on Kerala Cooperative Bank for integration of 14 district banks and the State Cooperative
Bank. This has been implemented and the RBI has recently issued guidelines for proposals
for other states also to opt for integration broadly on the same lines.
FACULTY FROM THE FINANCE & ACCOUNTING Mentor at: Training and Educational Centre for Hearing im-
AREA paired (TEACH)
Prof. Padmini Srinivasan
Chairperson, Centre for Corporate Governance and Citizenship Prof. M Jayadev
Member of: Finance and Auditing Committee, Chairperson, Centre for Capital Markets and Risk Management
IIM Visakhapatnam Project Title: The Central Sector Interest Subsidy Scheme
MOOCs Offered: Financial Accounting and Analysis for Educational Loans (CSIS) and Credit Guarantee Fund for
Valuation and Creating Sustainable Value Educational Loans
Mentor at: Training and Educational Centre for Hearing Im- Funding Agency: Ministry of Human Resource Development,
paired (TEACH) Government of India
Prof. M Jayadev was part of this project. The final report was
submitted on May 27, 2020.
• The main finding of the study is: the CSIS benefits are out
reaching the larger portion of rural students, around 70%
of the CSIS beneficiaries belong to rural and semi-urban
geographical areas enabling the students to pursue higher
education and 47% of beneficiaries are from under-privileged
social background. Overall, the CSIS beneficiaries are around
23% of educational loan borrowers and just 2% of total higher
Prof. Srinivasan Rangan education enrolment. The study recommended extension of
The Forum For Indian Accounting Research was established CSIS, and the Government extended the scheme.
in 2021, with a vision to enhance the quality of accounting • The government has established the Credit Guarantee Fund,
education and practice in India through independent research NCGTC, which is providing 75% guarantee coverage for
and thought leadership. FFIAR is registered as a private limited educational loans of below INR 7.5 lakhs. The current leverage
company and Prof. Srinivasan Rangan is one of its members. of the fund is 6.88 times, which is slightly higher. Banks have
taken guarantee coverage for 45% of CSIS account holders,
The objectives of the forum are as follows - thus public cost of these account holders is very high. A high
• Working with the Indian agency which is responsible for er guaranteed coverage of around 80% may be provided to
setting Indian Accounting Standards, moreover engaging loans sanctioned to students of North-East region and other
with the International Accounting Standards Board during the backward states. Similarly, credit guarantee coverage may
process of setting accounting standards extend to borrowers of academic disciplines like teacher train
• Responding to exposure drafts issued by national and interna ing, nursing and healthcare related courses. Currently, credit
tional accounting standards setting bodies guarantee coverage is available to loans sanctioned by Public,
• Proactively responding to emerging accounting issues and Private and Foreign banks only. Credit guarantee coverage
facilitating development of accounting standards through may be extended to educational loans sanctioned by Urban
thought papers, advocacy, etc. Cooperative Banks, Regional Rural Banks and NBFCs. Gov
• Publishing one or more journals, monographs, books, reports, ernment is extending credit guarantee on educational loans.
blogs, etc.
• Organizing training programmes, seminars and conferences Investor Education Project
• Facilitating data access, creating databases if necessary The Centre for Capital Markets and Risk Management has
• Working with academic institutions, industry and professional launched the Platform for Investor Education (PIE) in collab-
bodies to enhance the accounting research ecosystem in India oration with the National Stock Exchange of India. This portal
Faculty and Research | 25