Now, a regulatory body to set norms for impact investment

Nine impact investing entities in India have come together to form a self-regulatory organization that will define what they can and cannot do in their impact investment practices.

From original article:

"So, besides the promotion and advocacy work that industry groupings typically undertake, the Indian Impact Investor Council (IIIC), will make it binding on its members to follow the standards set by it on investing: for example, which sectors qualify for impact investments, how long should be the holding period, how to measure returns, and so on. Such standard-setting will be a first for any grouping in the investing space, at least in India."