"While Rivigo transformed how companies move consumer goods and other products around India, redBus refashioned the way people moved around the country."
Agriculture, as a percent of GDP, has fallen from 30 percent in 1990 to 18 percent now but the number of people depending on the sector hasn't fallen at the same rate. In a CNBC-TV18 interview, experts dissected what is wrong with the sector.
He grew the Tata group into a world-beater. Now, with the Tata trusts, he wants nothing less than to change the world
BASIX chairman Vijay Mahajan tells the microfinance company is trying everything to climb out of the pit that it finds itself in
Talking about this issue, Vijay Mahajan, President of the industry body Microfinance Institutions Network (MFIN) said that most of the problems relative to micro finance lenders in Andhra Pradesh are linked to consumer protection. "And, the bill is good step towards regularizing industry," he added.
Corporations are partly responsible for and have suffered the effects of the triad of crises — social, environmental and economic — that have hit the world since 2008.
The Reserve Bank of India, on Tuesday accepted the Malegam Committee recommendations and has re-affirmed priority sector status for microfinance. Vijay Mahajan, head of Microfin Association and Sunil Agarwal, managing director of SE Investments share details of the development and analyse the highly positive repercussions.
The long awaited Malegam report on microfinance companies was submitted today. In an interview with CNBC-TV18, Vijay Mahajan, Founder, BASIX and Chairman, MFIN, speaks about the report and gives his outlook going forward.