According to a report published today in Economic Times, 92% of the population in India (based on 2018 consensus) with nearly all adults barring 3.5 million have an Aadhaar card. This is a phenomenal achievement in bringing underprivileged people for social and financial inclusion. Aadhaar card’s unique identification number will soon work as a social security number for the population. Making aadhaar card essential for all monetary dealings ultimately aids in widening tax bracket. Over a period of time, casual inference using multivariate analysis will help in measuring the social impact of aadhaar inclusion.
Coming to multivariate analysis which is correlation analysis using multiple variables to measure causality. Although Random Control Trial (RCT) is the gold standard to measure causality between two randomly selected samples sizes i.e. control group and treatment group, in this case, it will not be possible to make two groups randomly selected i.e. two groups with very similar demographic profile randomly selected, one sample without aadhaar card and one sample with aadhaar card. However, a time series data of the population over a decade before and after aadhaar implementation might lead to useful insights. This form of statistical analysis is not a form of RCT analysis. Continue reading
Educate Girls, a nonprofit organization based in India, is empowering women in rural India through increased access to quality education to cut gender inequality. Educate Girls is also the first nonprofit or any organization in India to use Social Impact Bonds to proliferate pay for success as a model for delivering a measurable and sustainable social impact. Continue reading
Impact investing in India is the largest in South Asia and second in the world according to a report published in May 2016, titled A decade of impact investing in India. Impact investing or impact capital’s mission is to create a positive social impact related to social or environmental cause along with a financial return. Impact capital has a dual goal, blended, between social (first priority) and financial return. Continue reading
Buddha “Three things cannot be long hidden: the sun, the moon, and the truth.”
It is very heartening that Mr. Modi is taking a very moderate and middle path between the US and China as a foreign policy. The relations between China and India go back to more than 2000 years considering the cultural ties between the two countries. Continue reading
The nonprofit sector in the US is very fragmented. GuideStar estimates as of July 2015, more than 1.5 million nonprofits were registered with the IRS as tax-exempt, not including 6000 nonprofits not registered with IRS which are included in GuideStar database. Continue reading
I came across this piece of information while I was reading the report on Catalytic Philanthropy by Mark R. Kramer and this article is derivative of the mentioned report. The article stunned me about the social impact brought about by Thomas Siebel whose foresight, tenacity and wisdom are instrumental in bringing about a paramount change in the lives of substance abuse in the United States especially teenagers. It is dedicated to youth around the world especially in America, to Thomas Siebel for his wisdom and compassion for identifying the problem and launching Project Meth. Finally, to millions of parents, friends around the world who lost someone close to them to substance abuse. Continue reading