(15 August 2022) Government Data Roundup: Recommendations of the Working group on Digital Lending, multiple standing committee reports among the data & reports released recently
Sai Krishna Muthyanolla
August 15, 2022
In the ninth edition of the ‘Government Data Roundup’, we cover RBI’s report of ‘Recommendations of the Working group on Digital Lending – Implementation’, Survey of Foreign Liabilities and Assets of Mutual Fund Companies – 2021-22, the ‘Internet in India’ report by IAMAI, and multiple standing committee reports among others.
In the ninth edition of the fortnightly government data roundup, we look at RBI’s report of ‘Recommendations of the Working group on Digital Lending – Implementation’, Survey of Foreign Liabilities and Assets of Mutual Fund Companies – 2021-22, and the ‘Internet in India’ report by the Internet and Mobile Association of India (IAMAI) and KANTAR.
In addition to the above reports, we look at a few important Parliamentary Standing Committee reports that were tabled in the recently concluded 2022 monsoon session. These include action taken reports by the Government on
Brief about the report/data:
Designing and delivering credit services through the digital mode has become more pronounced through the innovations & the use of technology in the financial sector. However, like all innovations come with a new set of risks, digital lending also has some risks, which if unmitigated erodes public trust in the financial system. Accordingly, the RBI had set up a working group on ‘digital lending including lending through online platforms and mobile apps’ (WGDL)’ in January 2021. The working group submitted its report, and it was placed in public domain. The current press release is regarding the implementation of the recommendations of the report.
Key Highlights:
Recommendations accepted wholly by RBI are:
Recommendations accepted in-principle which require further examination:
Recommendations for consideration of the Government of India
Brief about the study:
This survey by the RBI is used to collect basic information regarding the asset management companies (AMCs) and mutual fund companies pertaining to the assets and external liabilities. This is important to collate and compile basic statistics regarding the performance of the financial system. The data released is only at the aggregate level and utmost secrecy is maintained regarding the institution-wise data.
Key highlights:
For Mutual Funds (MF) companies
For Asset Management Companies
Brief about the report:
In light of the government’s strong promotion of the idea of a digital economy worth USD 1 trillion, digital services have become significant for the nation. Government programmes like e-governance promotion and the Digital India initiative have made it possible for the Internet to expand throughout society. The Internet & Mobile Association of India (IAMAI), which was founded in 2004, is a young and active association that speaks for the entire spectrum of digital enterprises in India. Internet in India by IAMAI and its associated institution is a comprehensive outlook of the internet penetration in India.
Key Highlights:
Brief about the report:
The COVID-19 epidemic is one of the biggest public health crises the world has ever seen, and it is having unheard-of severe effects on our social lives, economics, and health. The parliamentary standing committee chose and decided to examine the subject “Availability of medicines and medical devices for COVID management” on a priority basis because foolproof measures are required to ensure the availability of medicines and medical devices to the people of all regions of the country during the COVID-19 pandemic.
Key Highlights:
Key Highlights:
Key Highlights of the report:
Key Highlights of the report:
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