Welfare Objectives: World Stage and Capital Markets

welfare objectives: If created, the exchange could provide new and cheaper sources of financing for social welfare projects, while showcasing India's independence from foreign aid as it seeks to enhance its position on the world stage, according to The Guardian. It is time to take our capital markets closer to the masses and meet various social welfare objectives related to inclusive growth and financial inclusion, Sitharaman said in her maiden budget speech on Friday. The proposal would be a radical experiment in a country characterised by stark inequality and rapid economic growth. Sitharaman's plan for a social stock exchange marks a new focus on sustainability and social impact in business, said Amit Bhatia, CEO of the Global Steering Group for Impact Investment. In the past few years, impact funds have multiplied and every major private equity firm is jumping in. Before, the main objective of investors was to maximise return, Bhatia said. (news.financializer.com). As reported in the news.