"Success listens only to applause. To all else it is deaf": Columbia Prof. William Eimicke applauds Modi's Efforts in getting Common Man included in the Growth Process of the Country with Aadhaar, calls it a "Miracle" in the Book "Social Value Investing"
In their book titled "Social Value Investing: A Management Framework for Effective Partnerships," professors William Eimicke and Howard Warren Buffett from Columbia University commend Prime Minister Narendra Modi's unique handling of Aadhaar, India's biometric ID system. The book emphasizes the significance of collaboration between the government, private sectors, and international and local participants to revitalize a system that had been stagnant for over two decades.
Eimicke and Buffett's motivation for writing the book stems from their belief that profit and purpose can coexist harmoniously. They argue that addressing global challenges such as inequality, climate change, and employment opportunities requires combined efforts from both the public and private sectors. Over the course of ten years of research, they discovered India to be particularly fascinating, with the Aadhaar system standing out as a testament to effective governance.
According to Eimicke, India's achievement is noteworthy due to its status as the world's sixth-largest economy. The biometric ID system not only ensures that all citizens are eligible for government benefits, regardless of their location, but it also facilitates the expansion of banking services into rural areas. Eimicke attributes the success of the initiative to the Modi government's collaboration with "India's Silicon Valley" in Bengaluru. The private sector played a crucial role as the backbone of the system, with registration being facilitated by 200,000 licensed entrepreneurs, making it a comprehensive effort involving local, international, government, private, and community entities.
Eimicke highlights how Aadhaar has enabled people in remote areas to access advanced medical care. Through telemedicine services provided by Apollo Hospitals, individuals in small villages in northern India can receive diagnoses for brain problems from world-renowned doctors in cities like Mumbai. He describes this capability as reminiscent of science fiction.
The book, "Social Value Investing," presents a five-point management framework that offers a fresh approach to addressing complex societal challenges. The authors argue for the development and measurement of successful partnerships between various sectors.
During the launch event of the book, Prof. William B. Eimicke engaged in an interactive discussion, emphasizing the need to transcend dogmatic extremes when analyzing the political economy. He stressed the importance of transforming partnerships between governments, businesses, and non-profits to effectively tackle the multitude of problems society faces. Eimicke discussed the power of social value investing, drawing from real-life case studies such as the Indian Aadhaar experiment, Apollo Hospital's telemedicine initiatives, the Summer Olympics in Brazil, and the revitalization of New York's Central Park.
The panel and audience, comprising economists, policymakers, entrepreneurs, investors, political leaders, and students, were captivated by Eimicke's lucid responses. He underlined the importance of aligning investments and priorities with the values and aspirations of millennials, who prioritize impact over profit. Eimicke believes it is time to redesign companies and investment strategies accordingly, forging creative partnerships among diverse agencies to solve pressing societal challenges.
As Eimicke and Buffett's book sheds light on the successful implementation of Aadhaar under Prime Minister Modi's leadership, it highlights the potential of social value investing to drive positive change and inspire similar collaborative approaches worldwide.
Support Us
Satyagraha was born from the heart of our land, with an undying aim to unveil the true essence of Bharat. It seeks to illuminate the hidden tales of our valiant freedom fighters and the rich chronicles that haven't yet sung their complete melody in the mainstream.
While platforms like NDTV and 'The Wire' effortlessly garner funds under the banner of safeguarding democracy, we at Satyagraha walk a different path. Our strength and resonance come from you. In this journey to weave a stronger Bharat, every little contribution amplifies our voice. Let's come together, contribute as you can, and champion the true spirit of our nation.
ICICI Bank of Satyaagrah | Razorpay Bank of Satyaagrah | PayPal Bank of Satyaagrah - For International Payments |
If all above doesn't work, then try the LINK below:
Please share the article on other platforms
DISCLAIMER: The author is solely responsible for the views expressed in this article. The author carries the responsibility for citing and/or licensing of images utilized within the text. The website also frequently uses non-commercial images for representational purposes only in line with the article. We are not responsible for the authenticity of such images. If some images have a copyright issue, we request the person/entity to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. and we will take the necessary actions to resolve the issue.
Related Articles
- Piyush Goyal claimed that Indian Textile Industry has potential to achieve $100 Billion in exports by 2030: Says new agreements with Australia and UAE open infinite opportunities for Indian industries
- Anthony Blinken delusional about US primacy over world affairs made schoolmasterish remarks, “US monitoring human rights abuses in India”: Lutyens elites and the editors of India’s English-language media outlets lap it up
- Modi Govt lost the battle of Farm laws with protesting farmers
- Congress created magic on paper to make 17 crores poor by changing the estimated poverty line in a rural area and urban area: PM Modi tears into Congress’ ‘Garibi hatao’ facade, exposes the reality of 2013 report
- Prime Minister Narendra Modi addressed Assam in 'Peace, Unity and Development Rally' today: Inaugurates 7 cancer hospitals, lays the foundation for 2950 Amrit Sarovar projects for Rs 1150 crore
- Let's see what Sam Manekshaw said when Karan Thapar tried to undermine India’s win in 1971
- Indian diaspora welcomed Modi in Berlin geared up in traditional attire, Dhol-Tasha celebration and proudly waving Bhagwa: Faces Hinduphobic vitriol and bombardment of trolling and criticism
- SFJ terrorist of radical Khalistani movement arrested in Germany due to Diplomatic pressure. Can Canada and UK be next?
- Minimum age of women for marriage is raised to 21 years: Union Cabinet clears proposal
- "All the allegations against the government of Gujarat were fake and fabricated", Amit Shah busted ideologically aligned journalists for making the 2002 Gujarat riots worse, here is how they impacted the entire media narrative