Page 27 - Social Impact

PROF. ARPIT SHAH PROF. M S SRIRAM
Prof. Arpit Shah, faculty from the Public Policy area and IIMB Young Faculty Research Chair, Prof. M S Sriram, Chairperson, Centre for Public Policy, was on the External Advisory
has been awarded funding from Evidence in Governance and Politics (EGAP), to extend Committee of the RBI to licence small finance banks. Ten Banks were provided licence after
his dissertation research on urban green spaces. His was one of the two successful ‘climate deliberations of the External Advisory Committee. He also chaired the Expert Committee
justice’ proposals from 75 proposals that the program attracted. 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
The priority themes for the proposals were: urban violence and policing; climate justice, and for other states also to opt for integration broadly on the same lines.
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.
FACULTY FROM THE FINANCE & ACCOUNTING Mentor at: Training and Educational Centre for Hearing im-
The funding will be used to support research-related expenses, including data purchase and AREA paired (TEACH)
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 Prof. Padmini Srinivasan
through funding from The Hewlett Foundation. Chairperson, Centre for Corporate Governance and Citizenship Prof. M Jayadev
Member of: Finance and Auditing Committee, Chairperson, Centre for Capital Markets and Risk Management
Prof. Arpit Shah’s research interests are in the areas of climate policy, urban sustainability IIM Visakhapatnam Project Title: The Central Sector Interest Subsidy Scheme
and sustainable transport. 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
PROF. SOURAV MUKHERJI submitted on May 27, 2020.
Prof. Sourav Mukherji, Dean, Alumni Relations & Development and faculty in the Organi- • The main finding of the study is: the CSIS benefits are out
zational Behavior & Human Resources Management (OBHRM) area, has published a book reaching the larger portion of rural students, around 70%
called, ‘Inclusive Business Models: Transforming Lives and Creating Livelihoods’. The book, of the CSIS beneficiaries belong to rural and semi-urban
published by Cambridge University Press, talks about organizations that employ principles geographical areas enabling the students to pursue higher
of business to address the needs of the poor. It takes an analytical approach to derive insights education and 47% of beneficiaries are from under-privileged
about business models in comparison with other inclusive models seen within the same social background. Overall, the CSIS beneficiaries are around
sector and through comparisons with models from a different sector. This cross-sector com- 23% of educational loan borrowers and just 2% of total higher
parison, especially with a number of case studies, acts as a guide to management students, Prof. Srinivasan Rangan education enrolment. The study recommended extension of
practicing managers and entrepreneurs for understanding and analyzing any business model The Forum For Indian Accounting Research was established CSIS, and the Government extended the scheme.
that intends or claims to be inclusive. 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,
PROF. HARITHA SARANGA The objectives of the forum are as follows - thus public cost of these account holders is very high. A high
• Prof. Haritha Saranga, from the Production & Operations Management area and IIMB • Working with the Indian agency which is responsible for er guaranteed coverage of around 80% may be provided to
Chair of Excellence, has been a member of the Technical Committee on 108 Arogya Kava- setting Indian Accounting Standards, moreover engaging loans sanctioned to students of North-East region and other
cha and 104 Arogya Sahayavani, Ministry of Health, Karnataka State Government, during with the International Accounting Standards Board during the backward states. Similarly, credit guarantee coverage may
2020-2021. process of setting accounting standards extend to borrowers of academic disciplines like teacher train
• Has been assisting ‘Looms of Ladakh’, a cooperative run and managed by 200 women arti- • Responding to exposure drafts issued by national and interna ing, nursing and healthcare related courses. Currently, credit
sans in Ladakh, in optimizing their sourcing and production operations, as an advisor. tional accounting standards setting bodies guarantee coverage is available to loans sanctioned by Public,
• Has been working with the CII Foundation, to document their efforts to curb Crop Residue • Proactively responding to emerging accounting issues and Private and Foreign banks only. Credit guarantee coverage
Burning in the states of Punjab and Haryana through case studies and research papers, in facilitating development of accounting standards through may be extended to educational loans sanctioned by Urban
the process sharing her insights for future improvement. 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

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