Impact of subsidies

• Change in crop production patterns, only grow subsidized crops
• Subsidy of urea implies only urea used for fertilizer
• Lopsided benefit of purchase

LPG subsidy case

• Direct benefit transfer to customer was a better solution than subsidy to supply chain
• Can the same be done for insurance?

Transparency portal via Right to Information

Impact of India joining FATF

• More stricter CDD (consumer due diligence) via KYC
• Increased KYC burden make it financially unviable to serve rural poor and urban poor
• Burden of proof lies with customer, poor don't have the right documents for proof

Building of e-KYC

• FIU Financial Intelligence Unit needed service Co to get access to info of customer
• needed process to be less manual

GSTN

GST Network - analogue to UIDAI for GST implementation

• destination based taxation

3 important steps