The months from April to June saw a fair share of news making headlines.

Be it, Alia Bhatt and Ranbir Kapoor finally getting married or

The infamous Will Smith - Chris Rock debacle.

Well, these may have peaked and passed but a few were there to stay and become part of the ‘new normal’.

Social Finance gained popularity!

Companies are increasingly investing in social and environmental impact and the term used for it is ‘Social Finance’. We dug deeper into what all it encompasses and were surprised to find out a range of approaches that can be used to address social and environmental challenges, including impact investing, philanthropy, microfinance, and social enterprise.

Further, a number of companies and organizations have incorporated these services in India, as well as, globally.

Grameen Financial Services Private Limited (GFSPL) - a microfinance institution that was founded in 2006 by Muhammad Yunus, the founder of Grameen Bank in Bangladesh and a pioneer in the field of microfinance. It provides microfinance services, including loans, savings, and insurance, to low-income individuals and small businesses in India.

It also focuses on social impact through a range of initiatives, including education and training programs for its clients, and partnerships with organizations working to address social and environmental challenges.

Overall, it has incorporated social finance into its operations in India by providing microfinance services and focusing on social impact. There are many other examples of companies in India that have adopted similar approaches, demonstrating that it is possible to create both financial return and positive social or environmental impact in the Indian market.

CITI has a 15-year track record of developing new business models that leverage market-based approaches to improve livelihoods of low-income communities in emerging markets. Through the issuance of Social Finance Bonds, Citi supports social-focused developments in emerging markets around the world. The use of proceeds from the bond will finance a range of projects, including those that expand access to financial services, affordable housing, basic infrastructure, healthcare, and education for unbanked and underserved communities globally.

In other News, Hybrid is the way to work!

A by-product of the Covid-19 Pandemic, working from home or following a hybrid working model has been incorporated by a number of companies.

Remote work allows employees to have more flexibility and autonomy in their work, which can lead to increased job satisfaction and productivity. It also allows companies to tap into a wider pool of talent, as employees can work from anywhere. In addition, remote work can help companies reduce costs associated with office space and other overhead expenses.

On the other hand, in-office work allows for face-to-face collaboration and communication, which can be important for certain tasks and projects. It can also help to build a sense of community and culture within a company. A hybrid work model allows companies to take advantage of the benefits of both remote and in-office work, while also addressing the challenges and limitations of each.

The Tata and PepsiCo of the world have embraced a flexible work model but one that caught the eye was that of Newsrooms. News organisations have embraced the shift to a hybrid and flexible working model. Sixty-one per cent of the survey respondents say that their organisations have largely implemented hybrid and flexible working, with new rules in place for staff.

Thanks for reading today's edition!

If you liked reading today's edition we would love your help in getting the word out to your friends and closed ones about why every Wednesdays and Fridays are interesting for you by sharing the Newsletter on Whatsapp

All you have to do is click the button below👇🏻

We'll be back with Edition 3 Namaste 2022 tomorrow

Tell then I hope you keep well and keep learning.

On behalf of Scrollify Team♥️

Manas Agarwal