Research

01·SSRN working paper·34 pp·PDF, 0.5 MBSSRN

Regulating the Retail Options Boom

Evidence from India's 2024–25 equity index derivatives reforms

Anklesh Rawat · Shreshtha Rawat|SSRN Working Paper, July 2026

A difference-in-differences evaluation of SEBI's 2024–25 index derivatives curbs, using untargeted stock options as a within-market control across a 48-month NSE and BSE panel. Index-options notional turnover fell 37–43% below its counterfactual path, premium turnover fell far less, and the smallest retail traders exited hardest.

02·Independent research·14 pp·PDF, 16 MB

India's Critical Minerals & Green Steel Transition

A strategic roadmap for securing the energy-transition value chain

Maps the mid-market decarbonisation gap in Indian steel (the 200+ producers holding 45% of capacity behind the tier-1 integrated players) against the 300 MT 2030 target, critical-mineral supply chains, green-steel economics, and the financial governance needed to fund the transition.

03·PolicyPreneur B-Plan Challenge · Team Dstonks·6 pp·PDF, 1 MB

Bridging India's MSME Credit Gap

Account Aggregator rails, the analytical last mile, and a DPI-native RegTech execution layer

100M+ AA-linked accounts created data liquidity, yet a ₹20–25L Cr MSME credit gap persists. Proposes a white-label Technology Service Provider layer that turns raw Account Aggregator data (GST filings, UPI inflow velocity, seasonal cash flow) into probabilistic credit scores with zero balance-sheet risk.

04·Independent research·14 pp·PDF, 15 MB

The ESG Advantage

Forging resilience and value at RPG Life Sciences

An ESG value case on a listed Indian pharma compounding +707% against peers while macro carbon pressure rises: quantifies a ₹5.65 Cr annual carbon-tax exposure, maps strategic materiality, and frames how to decouple financial performance from environmental impact.

05·Independent research·17 pp·PDF, 2 MB

River-as-a-Service: Intelligence & Enforcement

From service vendor to strategic river manager, on a software-driven ecosystem

A strategy roadmap for shifting river management from a hardware-centric, availability-based vendor model to a software-driven ecosystem. Diagnoses the misaligned incentives of the 'hardware trap', proposes a hybrid-intelligence contract with governance and green financing on a hub-and-spoke structure, and lays out a five-year implementation path targeting a 15% Water Quality Index gain.

06·Independent research·106 pp·PDF, 10 MB

EUR/USD: Reading the Majors

Currency movements, trading patterns, and signals in the euro/dollar pair

A concise analysis of EUR/USD currency movements: highlighting the key trading patterns and signal-based insights that shape decision-making in the forex market.