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Services and Manufacturing in Global Value Chains: Is the Dstinction Obsolete?

This paper introduces a taxonomy of service activities in GVCs and describes the main statistical challenges in assessing the contribution of manufacturing and services to output, value added, or trad...

by Sébastien Miroudot | On 07 Mar 2019

What do we Know about Changing Economic Activity of Firms?

Identification of primary economic activity of ¬firms is a prerequisite for compiling several macro aggregates. This paper takes a statistical approach to understand the extent of changes in primary e...

by Radhika Pandey | On 23 Jan 2019

Value Destruction and Wealth Transfer Under the Insolvency and Bankruptcy Code, 2016

This article applies theoretical concepts from the law and economics literature on insolvency to identify the sources of these two problems in insolvency law. It then applies these theoretical concept...

by Pratik Datta | On 07 Jan 2019

The Servicification of Manufacturing in Asia: Redefining the Sources of Labor Productivity

Services are playing an increasingly important role in the global economy. Over the last few decades, the sector’s contribution to output, employment, and value-added trade has grown quite dramaticall...

by Valerie Mercer-Blackman | On 21 Dec 2018

Indian Banks and the Prevention of Corruption Act: Freedom and Discipline

Selfless activists like Mr. Pai teach us the importance of continuously interrogating the functioning of our democracy. The NPA issue has persisted for almost a decade. It has eroded the profitability...

by Ashima Goyal | On 29 Oct 2018

Does Regional Integration Matter for Inclusive Growth? Evidence from the Multidimensional Regional Integration Index

This paper employs a multidimensional approach to gauge the degree of regional integration and analyze impact on growth, inequality, and poverty. It constructs a multidimensional regional integration...

by Cyn-Young Park | On 26 Oct 2018

Governing the Commons? Water and Power in Pakistan’s Indus Basin

Surface irrigation is a common pool resource characterized by asymmetric appropriation opportunities across upstream and downstream water users. Large canal systems are also predominantly state-manage...

by Hanan G. Jacoby | On 04 Oct 2018

Money and Business Cycle: Evidence From India

This paper takes a New Keynesian model with non-separable money in utility to Indian data using maximum likelihood. The identification problem in isolating the effect of money on output and inflation...

by Ashima Goyal | On 21 Sep 2018

Rationale and Institution for Public – Private Partnerships

Private–public partnership (PPP) methods are considered to be an effective way to narrow the gap between demand and supply of social infrastructure. If successfully pursued, PPP can deliver benefits t...

by Jungwook Kim | On 19 Sep 2018

Obstacles and Enablers of Internationalization of Philippine SMEs Through Participation in Global Value Chains

This paper attempts to determine the challenges and enablers of connecting small and medium businesses to global value chains. It uses data from a survey of SMEs in Metro Manila and a set of key infor...

by Jamil Paolo Francisco | On 30 Aug 2018

An Empirical Analysis of the Factors that Influence Infrastructure Project Financing by Banks in Select Asian Economies

This paper analyzes a critical aspect of expanding private finance to infrastructure by examining the role of bank lending to public–private partnership (PPP) projects through the project finance moda...

by Vivek Rao | On 24 Aug 2018

Drivers of Student Performance: Evidence from Higher Secondary Public Schools in Delhi

The role of teachers and students in the formation of test scores at the higher secondary level (grade 12) in public schools in Delhi, India is analysed. Using the value added approach, we find subs...

by Deepti Goel | On 01 Aug 2018

Enabling Smart Urban Redevelopment in India through Floor Area Ratio Incentives

This working paper assesses the potential of incentive FAR approaches in two Indian cities, Mumbai and Ahmedabad, for leveraging the economic value of urban land. A thorough analysis of Mumbai’s clust...

by Apoorva Shenvi | On 25 Jul 2018

Review of High-Value Agriculture in the Philippines with Comprehensive Subsectoral Focus: Livestock Industries

The main objective of this paper is to review the status and performance of the Philippine livestock sector. This review provides discourse on the livestock subsector’s performance over the years, and...

by Sonny N. Domingo | On 05 Jul 2018

Risk Management Innovation for Philippine Banking

This Policy Note revisits the risk management policy of BSP as a guide in strengthening the competitiveness of Philippine banks. It also recommends measures to further refine the banking system in the...

by Roberto Miguel S. Roque | On 29 Jun 2018

Nepal Human Development Report 2014: Beyond Geography Unlocking Human Potential

The report presents a rigorous statistical analysis across space and time, using the available national data.

by National Planning (NPC) | On 13 Apr 2018

Green Firm, Brown Production

In a theoretical model of an environmentally conscious (“green”) monopolist, we show that increasing greenness does not always mean lower output and environmental damages. The Author assumes that a gr...

by Rupayan Pal | On 04 Apr 2018

A Comparison of Global Governance Across Sectors: Global Health, Trade and Multilateral Development Finance

To what extent do the World Health Organization, the World Trade Organization, and the World Bank remain central today and how much influence do they still wield in shaping the global agenda? While...

by | On 30 Mar 2018

Would UDAY Brighten Up Rajasthan Finances?

Ujwal DISCOM Assurance Yojana (UDAY) required number of State governments to take over debt of power distribution companies in their books of accounts. Though this one time intervention made both debt...

by Pinaki Chakraborty | On 19 Mar 2018

The Pathways of Knowledge Spillovers

Knowledge spillovers are unintentional and costless transfers of knowledge from a leader firm to a follower firm. They can occur via three pathways: Observation, imitation, and managerial interactio...

by Bino Paul | On 14 Mar 2018

On Some Currently-Fashionable Propositions In Public Finance

The paper says that putting the matter differently, the price-system plays multiple roles: it acts as a signal for the use of available resources for producing at any particular point on the Productio...

by Prabhat Patnaik | On 19 Feb 2018

Economic Survey 2017: Volume II, Chapter 7: Agriculture and Food Management

Agriculture and allied sector has a critical role in ensuring food security, reducing poverty and sustaining growth in India. To improve productivity in agriculture the focus has been on the critica...

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume II, Chapter 9: Services Sector

The report says that as per the UN National Accounts Statistics data, India’s ranking improved from 14th position in 2006 to 7th position in 2016, among the world’s 15 largest economies in terms of ov...

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume I, Chapter 8: Transforming Science and Technology in India

The report says that science, technology, and innovation have instrumental and intrinsic value for society.

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume II: Chapter 6: External Sector

India’s external sector continued to be resilient and strong in 2017-18 so far, with the Balance of Payments situation continuing to be comfortable with the Current Account Deficit at 1.8 percent of ...

by Arun Jaitley | On 31 Jan 2018

Economic Survey 2017: Volume I, Chapter 3: Investment and Saving Slowdowns and Recoveries: Cross-Country Insights for India

This chapter draws on cross-country experience to study the pattern of investment and saving slowdowns as well as recoveries in order to obtain policy lessons for India. One finding is that investme...

by Arun Jaitley | On 31 Jan 2018

Using Gross Trade Data to Map Archetypal GVCs

This paper introduces a new, publicly available database for tracking merchandise trade in the global value chains for apparel/textile/footwear, motor vehicles and parts, and electronics, developed or...

by Michael Ferrantino | On 16 Jan 2018

What does the new 2011-12 IIP series tell us about the Indian manufacturing sector?

The paper discusses the changes in the new 2011-12 base year series of the Index of Industrial Production (IIP) to ask, whether the new series has improved our under-standing of the growth in the manu...

by Radhika Pandey | On 12 Dec 2017

Informal Workers in Global Horticulture and Commodities Value Chains: A Review of Literature

This paper presents and analyzes the key findings from a comprehensive review of value chain-related studies on the commodities and horticulture sectors, focusing on what this literature reveals about...

by Man-Kwun Chan | On 06 Dec 2017

Mapping the future of high value manufacturing in India

India’s stagnating manufacturing sector has become a serious cause of concern for Indian policy makers. Several reasons have been identified for this slowdown, including lack of policy focus, unsuppor...

by | On 01 Dec 2017

Socially Disadvantaged Groups and Micro-finance in India

About two-thirds of microfinance clients in India are reported to be in Self-Help Groups (SHGs). These mostly women’s groups have been promoted by nationalized banks since the early nineties to improv...

by Jean-Marie Baland | On 06 Nov 2017

Towards ‘Make in South Asia’: Evolving Regional Values Chains

One of the most important ways in which several of the common developmental challenges in South Asia could be addressed is by focusing on manufacturing. In the new context, manufacturing becomes key...

by Ram Upendra Das | On 04 Oct 2017

Non-Performing Assets in Indian Banks: This Time it is Different

Growing non-performing assets is a recurrent problem in the Indian banking sector. Over the past two decades, there have been two such episodes when the banking sector was severely impaired by balance...

by Rajeswari Sengupta | On 18 Sep 2017

Womanhood Beyond Motherhood: Exploring Experiences of Voluntary Childless Women

This study attempts to explore the emerging issue among women in Indian cities who voluntarily chose to be childless, with an emphasis on the reasons accorded for opting out of motherhood. Findings of...

by Chandni Bhambhani | On 07 Sep 2017

The Triple Burden of Disease

This paper explains the concept of triple burden of disease and its implications for public health policy.

by Danica Ortiz | On 06 Sep 2017

Assessment of the 2017 Tax Reform for Acceleration and Inclusion

This paper aims to assess the implications of these bills on the distribution of tax burden across income groups, economic incentives in affected sectors, national government revenues, and likely impa...

by Rosario G. Manasan | On 01 Sep 2017

Gandhian Economic Thought and Modern Economic Development

The report says that a fresh wave of globalisation since the early 1990s has created both hope and despair.

by Sudarshan Iyengar | On 23 Aug 2017

Risk-weighting under Standardised Approach of Computation of Capital for Credit Risk in Basel Framework – An Analysis of Default Experience of Credit Rating Agencies in India

The paper attempts to find out whether the credit risk regulatory capital of Indian banks is commensurate with the default experience associated with ratings assigned by the Indian rating agencies. Th...

by Ajay Kumar Choudhary | On 04 Aug 2017

Comments of the Reserve Bank of India on A New Capital Adequacy Framework

The report narrates that the Accord provided a framework for a fair and reasonable degree of consistency in the application of capital standards in different countries, on a shared definition of capit...

by Reserve Bank of India RBI | On 03 Aug 2017

SG 50 and Beyond: Protecting the Public Space in the New Era of Singaporean Pluralism

Over the last ten years or so it have begun to see public lobbying over moral and cultural issues such as lesbian, gay, bisexual and transsexual (LGBT) rights, Sanctity of Life issues including aborti...

by Johannis Bin Abdul Aziz | On 02 Aug 2017

Mapping the cotton value chain in Pakistan: A preliminary assessment for identification of climate vulnerabilities & pathways to adaptation

This approach was chosen to understand the consequences of climate risks as well as the adaptation measures needed to cope with adverse impacts in order to ensure the resilience of all actors involved...

by Samavia Batool | On 01 Aug 2017

Does Government Borrowing Crowd out Private Sector Credit in Pakistan

An analysis of the impact of government borrowing from the scheduled banks on the credit to private sector in Pakistan, using monthly data from 1998:M6 to 2015:M12. We find that a one percentage poi...

by Sajjad Zaheer | On 31 Jul 2017

Valuation of Subsoil Minerals: Application of SEEA for Bangladesh

The present paper is an attempt to conduct a valuation of the three most important exhaustible natural resources, viz., natural gas, coal and hard rock, via the System of Environmental-Economic Accou...

by Mahfuz Kabir | On 27 Jul 2017

Book Review: Notes from the 'Other' Side

Book review of Reporting Pakistan By Meena Menon; Penguin Random House, Pp. 340, Rs 599.

by Amrit B L S | On 24 Jul 2017

Stock Market Participation in the Aftermath of an Accounting Scandal

This paper studies the impact on investor behaviour of fraud revelation. The paper ask if investors with direct exposure to stock market fraud (treated investors) are more likely to decrease their par...

by Renuka Sane | On 22 Jul 2017

Domestic Value Added Content of India's Exports: Estimates for 112 Sectors, 1999-2000 to 2012-13

Using Input-Output (IO) analysis, this study provides the time series estimates of domestic value added (DVA) content of India's merchandise and services exports for the period 1999-2000 to 2012-13 an...

by Veeramani C | On 21 Jul 2017

Financial Soundness Indicators for Financial Sector Stability in Viet Nam

The results of this study can be used to strengthen the institutional and statistical capacities of Viet Nam to routinely collect, compile, analyze, and disseminate internationally comparable FSIs tha...

by Asian Development Bank Institute | On 07 Jul 2017

Ola and Uber failing to live up to the promises made

With mushrooming of commercial drivers, incomes are falling and expenses are rising. Unable to pay monthly loan instalments, cars are being seized, while contracted employees cannot quit. Will legal p...

by Amrit B L S | On 29 Jun 2017

Book Review: Lifted: A Cultural History of the Elevator

Most of us ride an elevator on a weekly if not daily basis without much thought. The contemporary ordinariness of the elevator, however, obscures its epochal importance. In "Lifted: A Cultural History...

by Nathan Cardon | On 28 Jun 2017

Competition Issues in India's Online Economy

The world of high technology companies is seen as a dynamic area with a rapid pace of creative destruction. There is, however, a class of industries where there are strong network effects, where the m...

by Smriti Parsheera | On 25 May 2017

Changing Tax Capacity and Tax Effort of Indian States in the Era of High Economic Growth, 2001-2014

Growing demand for public expenditures, limitations in expanding fiscal space and limited scope to deviate from common harmonized tax system under the proposed Goods and Services Tax (GST) regime may...

by Sacchidananda Mukherjee | On 25 May 2017

Towards a Better Future for Women and Work: Voices of Women and Men

Decent work, the core mandate of the ILO, is defined as productive work for women and men in conditions of freedom, equity, security and human dignity.Decent work involves opportunities for work that:...

by International Labour Organization [ILO] | On 17 Apr 2017

Goods and Services Tax in India: An Opportunities and Challenges

Value added tax was first introduced by Maurice Laure, a French economist, in 1954. The tax was designed such that the burden is borne by the final consumer. Since VAT can be applied on goods as well...

by | On 13 Apr 2017

Delhi Budget: 2017-18

Finance Minister of Delhi Shri Manish Sisodia presented the budget of Delhi.

by Manish Sisodia | On 10 Mar 2017

CMs Committee on Digital Payments Presents Interim RepoT to the Prime Minister

The presentation shows the methods through which non-cash payments can be made, the constraints to it, efforts needed for proposed actions from key stakeholders, policies needed to promote digital pa...

by Nara Chandrababu Naidu | On 25 Jan 2017

Valuation of Coastal and Marine Ecosystem Services in India: Macro Assessment

The aim of this study is to value, in monetary units, coastal and marine ecosystem services in India. The reasons for doing so are two–fold: i) the destruction and degradation of coastal ecosystems...

by K. S. Kavi Kumar | On 25 Oct 2016

Trade Shocks and the Provision of Local Public Goods

We analyze the impact of trade-induced income shocks on the size of local government, and the provision of public services. Areas in the US with declining labor demand and incomes due to increasing im...

by | On 10 Oct 2016

Financial Inclusion in India – The Journey so far and the Way Ahead

RBI is on a journey towards the goal of universal financial inclusion in India. There are challenges encountered and the way forward. [Address delivered at at the BRICS Workshop on Financial Inclusio...

by S.S. Mundra | On 26 Sep 2016

Two Centuries of Finance and Growth in the United States, 1790-1980

Do efficient financial markets and institutions promote economic growth? Have they done so in the past? This essay, to be included in the Handbook of Finance and Development (edited by Thorsten Beck a...

by Howard Bodenhorn | On 22 Sep 2016

Asset Quality of Indian Banks: Way Forward

The Indian banks in general, and the Public Sector Banks (PSBs) in particular, are grappling with the huge stock of stressed assets that has piled up in the system over the years. Any amount of discus...

by N.S. Viswanathan | On 19 Sep 2016

The Independence of the Central Bank

Central banking does not mean just rates cuts and rate rising. There are many decisions to be taken sometimes unpopular or hard-to-explain ones, to be made under conditions of extreme uncertainty. The...

by Raghuram G. Rajan | On 06 Sep 2016

ABCD of MSME Credit

According to MSME Ministry’s Annual Report for 2015-16, MSME sector in India today is a network of 51 million enterprises providing employment to 117.1 million persons and contributing 37.5 per cent...

by S.S. Mundra | On 29 Aug 2016

Credit Surety Fund: A Credit Innovation for Micro, Small, and Medium-Sized Enterprises in the Philippines

Micro, small, and medium-sized enterprises are a backbone of the Philippine economy. One factor that hinders the growth of these enterprises is their difficulty in accessing finance from banks and o...

by Gary V Maningo | On 19 Aug 2016

The Dominant Borrower Syndrome: The Case of Pakistan

The pressure fiscal expansion exerts on the economy via credit markets in Pakistan is analysed. Melina and Villa (2014) is extended by allowing government to compete with the private borrowers (firms...

by Sajawal Khan | On 16 Aug 2016

Goods and Services Tax in India Taking Stock and Setting Expectations

The spread of Value Added Tax (VAT) or Goods and Services Tax (GST) system of Indirect taxes across the globe is showing an increasing trend with more than 160 countries, including 33 of the 34 member...

by | On 05 Aug 2016

GST in India: A Big Leap in the Indirect Taxation System

The replacement of the Central excise duty of the government of India by Central Value Added Tax (CENVAT) and sales tax system of the State governments by the VAT marked a major mile stone in the refo...

by | On 05 Aug 2016

First Discussion Paper on Goods and Services Tax in India

If the Value Added Tax (VAT) is considered to be a major improvement over the pre-existing Central excise duty at the national level and the sales tax system at the State level, then the Goods and Ser...

by Government of India | On 05 Aug 2016

Corporate Social Responsibility in India: Potential to Contribute Towards Inclusive Social Development

Over the past few years CSR, as a concept, has been the focus of many deliberations and research. It has grown in importance both academically as well as in the business sense. It captures a spectrum...

by Ernst and Young | On 04 Aug 2016

Policy and Evidence

There has to be evidence in the policy dialogue. Some may believe that all it takes to convince the body politic of the necessity to choose one policy over another is to present the evidence, complete...

by Raghuram G. Rajan | On 03 Aug 2016

Review of Agri-Food Value Chain Interventions Aimed at Enhancing Consumption of Nutritious Food by the Poor: Pakistan

How can agriculture play a more effective role in improving nutrition in countries with a high burden of hidden hunger and where an increasing proportion of the poor sources its food from the market?...

by | On 27 Jul 2016

New Evidence on Trust and Well-Being

This paper reports existing and fresh evidence on some of the direct and indirect linkages between trust and subjective well-being. This paper first uses data from three large international surveys –...

by John Helliwell | On 26 Jul 2016

Impact of Rural-To-Urban Migration on Family and Gender Values in China

Drawing on data from the 2006 China General Social Survey, propensity score matching was used to investigate the impact of rural-to-urban migration on family and gender values in China at distinct sta...

by | On 25 Jul 2016

Bank Ownership, Board Characteristics and Performance: Evidence from Commercial Banks in India

This paper examines the importance of board size and board composition in determining bank outcomes using data from an emerging economy, India, and using a sample that includes both public and priva...

by Jayati Sarkar | On 09 Jul 2016

Ad(d)venture with Knowledge: Stepping ahead with Intellectual Property Rights

Human society has witnessed adventure with knowledge resulting in scientific understanding of the secrets of nature and converting them into technological innovations resulting in metamorphosis of...

by Prabuddha Ganguli | On 30 Jun 2016

Farm Women Friendly Hand Book

This Handbook contains special provisions and package of assistance which women farmers can claim under various on-going Missions/ Submissions/ Schemes of DAC & FW, Ministry of Agriculture & Farmer...

by Ministry of Agriculture GOI | On 29 Jun 2016

Resolving Stress in the Banking System

The slowdown in credit growth has been largely because of stress in the public sector banking and not because of high interest rates. As such, what is required is a clean-up of the balance sheets of p...

by Raghuram G. Rajan | On 29 Jun 2016

Book Review: Depoliticising Social Change and the Celebration of Inequality in Rural India

Review of Inside-Outside: Two Views of Social Change in Rural India. Edited by B. S. Baviskar and D. W. Attwood, Sage Publications, New Delh, 2014.

by | On 20 Jun 2016

Federal Budget of Pakistan 2016

Budget speech of Pakistan 2016-17.

by Mohammad Ishaq Dar | On 17 Jun 2016

Budget Speech Jammu and Kashmir: 2016-17

The Finance Minister of Jammu and Kashmir, Mr. Haseeb A. Drabu, presented the Budget for Jammu and Kashmir for financial year 2016-17 on May 30, 2016.

by Hasseeb A. Drabu | On 13 Jun 2016

Upgrading in the Indian Garment Industry: A Study of Three Clusters

This paper examines the process of upgrading of the Indian garment industry through a survey of 100 firms in three clusters in Delhi National Capital Region (NCR), Tirupur, and Mumbai in 2012. Upgradi...

by | On 25 May 2016

The Other Side of Indian Demographics: Accelerating Growth in Ageing and its Challenges

A primary survey of older adults was conducted in seven rapidly ageing states including Odisha, West Bengal, Maharashtra, Himachal Pradesh, Punjab, Tamil Nadu, and Kerala (Alam et al. 2012). This...

by Moneer Alam | On 25 May 2016

Innovation (and Upgrading) in the Automobile Industry: The Case of India

This paper focuses on the automobile industry and examines the nature of global value chains in it with reference to the case of India. The aim is to explore the relation between lead firms, particula...

by Saon Ray | On 23 May 2016

Economics and Biodiversity

The challenges faced by biodiversity and the relation between biodiversity and economics are shown.

by Prakash Nelliyat | On 17 May 2016

Book Review: Fascinating Journey through the Life World

Review of A Fly in the Curry: Independent Documentary Film in India. Edited by K.P. Jayasankar & Anjali Monteiro, Sage Publications 2016

by Hemali Sanghavi | On 17 May 2016

Quality Control in Non-Staple Food Markets: Evidence from India

Using original data collected about growers, traders, processors, markets, and village communities, the situation in four states – Tamil Nadu, Uttar Pradesh, Maharashtra, and Orissa is compared. The w...

by Marcel Fafchamps | On 06 May 2016

Book Review: Dynamics of India's Labour Market

Review of Labour, Employment and Economic Growth in India. Edited by K. V. Ramaswamy, Cambridge University Press, 2015.

by Lalit K. Deshpande | On 04 May 2016

The Indian Insolvency Regime in Practice-An Analysis of Insolvency and Debt Recovery Proceedings

This paper analyses 45 cases of insolvency and bankruptcy resolution in order to measure the efficiency and problems of the present laws for firm bankruptcy in India.

by | On 02 May 2016

Impact of Trilemma Indicators on Macroeconomic Policy: Does Central Bank Independence Matter?

This paper shows that the institutional changes such as Inflation Targeting (IT) helps lower inflation without depending upon the level of Central Bank Independence (CBI) in a country as is suggested...

by | On 02 May 2016

A Survey on Impact of Social Media on Election System

Social media is the primary resource for the information retrieval. Using the text mining field; huge amount of unstructured textual data collected by social media can be converted and displayled as u...

by Nilesh Alone | On 28 Apr 2016

The Release of the Book ‘Saman Suttam: A Comprehensive Study Vol.II & III

K.J. Somaiya Centre for Studies in Jainism organised release of the book ‘Saman Suttam: A Comprehensive Study-Vol.II & III’ on 7th April 2016. The report details that the function started with a Welc...

by Hemali Sanghavi | On 11 Apr 2016

Global Food Policy Report 2016

IFPRI’s Flagship Report puts into perspective the major food policy issues, developments, and decisions of 2015 and highlights challenges and opportunities for 2016. This year’s report takes an in-dep...

by International Food Policy Research Institute | On 04 Apr 2016

Is the Worst over for Banks?

Many stalled projects are about to get going again, providing potential relief to banks

by T.N. Ninan | On 19 Mar 2016

Integrating SMEs into Global Value Chains Challenges and Policy Actions in Asia

The opportunities for SMEs in global value chains are enormous. Participation in value chains exposes them to a large customer/buyer base, as well as opportunities to learn from large firms and from e...

by Asian Development Bank Institute | On 17 Mar 2016

Exchange Market Pressure in India

In this paper, we empirically investigate the episodes of currency market stress/crisis in India during the period 1992 – 2012 with the help of a monthly EMP index for India constructed for this perio...

by Anuradha Guru | On 16 Mar 2016

Do Foreign Banks in India Indulge in Cream Skimming?

Foreign banks in developing countries are often found to indulge in cream skimming, a lending strategy that targets only wealthy segments of the credit market and exclude small and marginal borrowers...

by Mandira Sarma | On 16 Mar 2016

Reviving Lakes and Wetlands in the People's Republic of China, Volume 2 - Lessons Learned on Integrated Water Pollution Control from Chao Lake Basin

The government has taken unprecedented steps to create a basic framework to achieve its long-term objective of improving water quality in Chao Lake and protecting and maintaining all of its economic,...

by Asian Development Bank Institute | On 15 Mar 2016

Global Spillovers and Monetary Policy Transmission in India

Do global spillovers clog transmission channels of monetary policy through domestic financial markets? Drawing on stylised facts and using a dynamic factor model to develop an indicator of global spil...

by Michael Debabrata Patra | On 14 Mar 2016

The Value of Improved Public Services: An Application of the Choice Experiment Method to Estimate the Value of Improved Wastewater Treatment Infrastructure in India

In this paper we employ a stated preference environmental valuation technique, namely the choice experiment method, to estimate local public?s willingness to pay (WTP) for improvements in the capacity...

by Ekin Birol | On 13 Mar 2016

Basel I and Basel II Compliance: Issues for Banks in India

Random effects panel data analysis is applied to identify financial parameters that influence banks in India in complying with Basel I. The private sector and foreign banks are affected by credit risk...

by Sreejata Banerjee | On 13 Mar 2016

Recreational Value of Coastal and Marine Ecosystems in India:A Partial Estimate

Recreation is an important ecosystem service in coastal and marine ecosystems. The methodology for valuing recreational services is well developed in the literature. To the best of our knowledge, this...

by Pranab Mukhopadhyay | On 10 Mar 2016

Tariff Reduction and Income Distribution: A CGE-based Analysis for Urban and Rural Households in Pakistan

This paper intends to explore functional and households personal income distribution across four different income groups in both the urban and rural areas. Using Social Accounting framework, Siddiqui...

by A. R. Kemal | On 10 Mar 2016

Salient Features of Social Accounting Matrix of Pakistan for 1989-90: Disaggregation of the Households Sector

In the present SAM, the input-output industry classifications have been condensed into five main production accounts namely agriculture, industry, health, education and other sectors. The SAM 1989-90...

by Rizwana Siddiqui | On 10 Mar 2016

Stagnation Traps

The provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by unemployment and weak growth. We refer to these episodes...

by Gianluca Benigno | On 09 Mar 2016

Indian Exceptionalism? A Discussion on India’s Experiment with Constitutional Secularism

This paper speaks to the sense of unease by trying to follow the implications of what it might mean to take the sense of threat to liberal values seriously. That is, to attempt identification of the l...

by Mathew John | On 09 Mar 2016

The Asian Infrastructure Investment Bank: What Can It Learn From, and Perhaps Teach To, the Multilateral Development Banks?

A striking phenomenon of recent global economic change is the emergence of new development actors, with alternative development experiences and development financing capacity. These actors are now cre...

by Stephany Griffith-Jones | On 08 Mar 2016

Enterprise Among Farm Women in India and Understanding their Constraints: An Exploration of NSSOs 55th Round Household Data

Diversification of rural women from traditional crop based agriculture to high valued agricultural, allied and processing activities with emerging prospect merit considerable attention in context of w...

by Nilabja Ghosh | On 02 Mar 2016

Indradhanush-Banking Sector Reforms

The Indradhanush framework with its seven pronged plan was unveiled by Finance Minister Mr Arun Jaitley on 14th August 2015 for revamping Public Sector Banks (PSBs) of India. In this paper, we look at...

by Sakshi Bhardwaj | On 02 Mar 2016

Review of Agri-Food Value Chain Interventions

This paper lays out a conceptual framework to guide the analysis of value chain-based interventions aimed at enhancing the intake of micronutrient-dense foods in South Asia under the LANSA research pr...

by Spencer Henson | On 01 Mar 2016

Madhya Pradesh Budget Analysis 2016-17

The Madhya Pradesh Finance Minister, Mr. Jayant Mallayya, presented the Budget for Madhya Pradesh for the financial year 2016-17 on February 26, 2016.

by Arvind Gayam | On 01 Mar 2016

Access to Finance: A Functional Approach to Supply and Demand

This paper provides a comprehensive description of the financial environment for households and small businesses in a defined geographical region. It develops a new, functional approach to financial a...

by Greg Fischer | On 29 Feb 2016

Tax Reforms in the Presence of Informality in Developing Countries: Incentives to Cheat in Mexico

In this paper we examine incentives to cheat in the Mexican tax system and argue that these are affected by interactions between taxes. We use variation in tax status between Mexican firms and variati...

by Ehtisham Ahmad | On 29 Feb 2016

Juxtaposing Scientific Uncertainty with Legal Certainty The Carbon conundrum

This paper problematizes the basis for international policies and regulations towards adaptation, mitigation and adjustment for ‘climate change’. Specific aspects of Fourth Assessment Report of IPCC h...

by Nandan Nawn | On 27 Feb 2016

Central Banking for Financial Stability in Asia

A key lesson of the 2007–2009 global financial crisis (GFC) was the importance of containing systemic financial risk and the need for a “macroprudential” approach to surveillance and regulation that c...

by Masahiro Kawai | On 22 Feb 2016

Deepening Association of Southeast Asian Nations’ Financial Markets

This paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a “single market and production base”) by 2015....

by Choong Lee | On 21 Feb 2016

The Goods & Services Tax Debate in India: Concepts and Issues

The chequered but ongoing political efforts to introduce a uniform Goods & Services Tax (GST) throughout India should actually be seen through a larger economic prism. The current sense of urgency, re...

by | On 19 Feb 2016

A Strategic Analysis of The Australian Foreign Investment Regime and The Prospect of Reform

This paper uses a strategic framework developed by Harvard’s Kennedy School of Government to assess whether Australia’s foreign investment regime is sufficiently delivering on its four main objectives...

by Alan Fels | On 19 Feb 2016

Scaling Up Climate Action through Value Chain Mobilization

The adoption of the Paris Agreement on 12 December by 195 governments is a major turning point in the global fight against climate change. To date, 190 governments have committed to specific actions t...

by World Economic Forum [WEF] | On 18 Feb 2016

A Social Accounting Matrix for Pakistan, 2001-02: Methodology and Results

This paper describes the structure and construction of a social accounting matrix (SAM) for Pakistan for 001-02. A SAM is an internally consistent extended set of national accounts that disaggregates...

by Paul Dorosh | On 17 Feb 2016

The Relationship between Corporate Governance Indicators and Firm Value: A Case Study of Karachi Stock Exchange

It is investigated whether differences in quality of firm-level corporate governance can explain the firm-level performance in a cross-section of companies listed at Karachi Stock Exchange. Therefore,...

by Attiya Y. Javid | On 17 Feb 2016

Determinants of Interest Spread in Pakistan

This study examines the determinants of interest spread in Pakistan using panel data of 29 banks. The results show that inelasticity of deposit supply is a major determinant of interest spread whereas...

by M. Idrees Khawaja | On 16 Feb 2016

X-efficiency, Scale Economies, Technological Progress and Competition: A Case of Banking Sector in Pakistan

This study aims at empirical investigation of the x-efficiency, scale economies, and technological progress of commercial banks operating in Pakistan using balance panel data for 29 banks.

by Abdul Qayyum | On 16 Feb 2016

Global Implications of the Renminbi’s Ascendance

This paper evaluates the prospects for the renminbi’s role as an international currency and the implications for global financial markets. Although the People’s Republic of China (PRC) does not have e...

by Eswar Prasad | On 16 Feb 2016

Dynamic Effects of Agriculture Trade in the Context of Domestic and Global Liberalisation: A CGE Analysis for Pakistan

This paper studies dynamic effects of agriculture trade in the context of domestic and global liberalisation. Being the largest sector of the economy, the agriculture sector contributes substantially...

by Rizwana Siddiqui | On 15 Feb 2016

A Primary Survey on Banks in Promoting Women Entrepreneurship in Bangladesh

Bangladesh Bank, the central bank of Bangladesh is contributing significantly to commercial banks to promote women entrepreneurship in Bangladesh. Various helpful policies are initiated to promote w...

by Bangladesh Bank BB | On 15 Feb 2016

Towards a Measure of Core Inflation in Bangladesh: Conceptual Issues

Identifying core inflation has become a very important issue for the Central Banks of the world for last few years. It has also become a practice to monitor the core inflation along side the headline...

by Md. Shahiduzzaman | On 15 Feb 2016

Tax Expenditures in Bangladesh: An Introductory Analysis

This policy note attempts to introduce the concept and size of tax expenditures in the context of Bangladesh with special references to experiences of India and Pakistan. It shows that the amount of t...

by M. Golam Mortaza | On 15 Feb 2016

Intelligent Assets: Unlocking the Circular Economy Potential

The impending digital transformation of the Fourth Industrial Revolution holds the potential to redefine the very basis of our materials-reliant industrial economy. Enabled by the internet of things,...

by World Economic Forum [WEF] | On 11 Feb 2016

Impact of Financial Liberalisation and Deregulation on Banking Sector in Pakistan

The study analyses market perception about the performance of Pakistani commercial banks due to financial liberalisation and deregulation measures taken by the central bank over the last two decades....

by Kalbe Abbas | On 06 Feb 2016

The Contemporaneous Correlation of Structural Shocks and Inflation— Output Variability in Pakistan

Monetary policy has changed in a number of ways during the last two decades. Along with the other characteristics, modern monetary policy is forward-looking, and the central banks respond contemporane...

by Muhammad Nasir | On 06 Feb 2016

Children Affected by Armed Conflict in South Asia: A Review of Trends and Issues Identified Through Secondary Research

‘Armed conflict’ is defined in this report as the use of armed violence to resolve local, national and/or international disputes between individuals and groups that have a political, economic, cultura...

by | On 02 Feb 2016

A New Model for Constructing Poverty Lines

In this paper, we present a new model for constructing poverty lines. The model uses consumer theory to construct both food and nonfood poverty thresholds. Although one cannot completely eliminate the...

by Nanak Kakwani | On 02 Feb 2016

Remittances: An Unrecognised Support Mechanism During Humanitarian Crises

Remittances – money sent home by migrants – can help families survive conflicts or natural disasters. However, humanitarian agencies often fail to consider remittances when planning interventions. Thi...

by Paul Harvey | On 01 Feb 2016

Financial Reforms - Past and Present

Industrial countries are still struggling, with a few exceptions, to grow. Our fellow BRICS all have deep problems, with confidence about China waxing and waning. India appears to be better in this l...

by Raghuram G. Rajan | On 01 Feb 2016

Improving Tax Compliance in Bangladesh: A Study of Value-Added Tax (VAT)

In recent years, tax compliance has come to the centre of both academic and policy discourse for several reasons. In the first place, tax-GDP ratio in Bangladesh is very low (10.6%) when compared with...

by Nasiruddin Ahmed | On 30 Jan 2016

To Fuse or Not To Fuse? Assessing the Case for Convergent Disciplines on Goods and Services Trade

With the rise of global value chains (GVCs) and the growing prominence of services as both facilitators or very objects of supply chain dynamics, it has become commonplace for goods and services to be...

by | On 28 Jan 2016

Multinationals and Foreign Investment Policies in a Digital World

The purpose of this paper is to discuss the future of the multinational enterprise (MNE) and implications for the international investment regime. The paper begins by summarising current thinking on m...

by | On 27 Jan 2016

Achieving Bangladesh's Tourism Potential: Linkages to Export Diversification, Employment Generation and the "Green Economy"

The objective of this working paper is to critically test the assertion that pro-poor "green" tourism is one of the best development options for the majority of least developed countries (LDCs) -- a c...

by Shoaib Akhtar | On 27 Jan 2016

Services And Global Value Chains – Some Evidence On Servicification Of Manufacturing And Services Networks

This paper analyses the role of services in international trade through the lens of global value chains (GVCs). Services account for more than 70% of world GDP but only for around 20% of world trade i...

by Rainer Lanz | On 26 Jan 2016

The Layers of the IT Agreement's Trade Impact

The WTO’s plurilateral Information Technology Agreement (ITA) reduced tariffs to zero on many IT products. This paper presents a comprehensive study of its trade impacts by incorporating recent insigh...

by Christian Henn | On 26 Jan 2016

Trade Policy Uncertainty as Barrier to Trade

This paper studies the effects of trade policy uncertainty on the extensive and the intensive margins of trade for a sample of 149 exporters at the HS6 digit level. We measure trade policy uncertainty...

by Nadia Rocha | On 26 Jan 2016

Agriculture and Structural Transformation in Developing Asia: Review and Outlook

Extrapolating from past trends, and taking to account emerging conditions, many countries of developing Asia will be expected to move on to the next phase of agricultural development; however even in...

by Roehlano M. Briones | On 25 Jan 2016

A Quick Analysis of Deposit Interest Rates Offered by Commercial Banks

The main purpose of the survey is to collect data on the extent of the mis-reporting of deposit interest rates, as accurate data is essential for effective financial and monetary policy.

by Md. Ezazul Islam | On 23 Jan 2016

New Trade Links: A Step towards Asian Economic Integration?

This paper states that the sheaf of trade- and investment-agreements that India and Bangladesh have now signed will open up opportunities for New Delhi to look at, and beyond, its near-East neighbour...

by | On 23 Jan 2016

Economic Growth In South Asia: Role Of Infrastructure

The paper examines the output elasticity of infrastructure for four South Asian countries viz., India,Pakistan, Bangladesh and Sri Lanka using Pedroni’s panel cointegration technique for the period 19...

by Ranjan Kumar Dash | On 23 Jan 2016

National Development Banks in the BRICS: Lessons for the Post-2015 Development Finance Framework

While there is now broad agreement that National Development Banks (NDBs) have the potential to contribute positively to development objectives, it is less clear how this can best be done in practice....

by Institute of Development Studies IDS | On 23 Jan 2016

The E15 Initiative: Strengthening the Global Trade and Investment System in the 21st Century

World trade has experienced a significant slowdown since the 2008 financial crisis. Over this period, the global ratio of trade expansion to income growth has halved. An effective global trade and inv...

by World Economic Forum [WEF] | On 22 Jan 2016

Twelfth Plan Working Group on Disadvantaged Farmers, Including Women

This working group on Disadvantaged Farmers, including women is one of the key working groups for defining agricultural policy in the Twelfth Five Year Plan. Eighty-three percent of India’s farmers cu...

by Bina Agarwal | On 19 Jan 2016

Return of Diasporas: India’s Growth Story vs. Global Crisis

The Indian Diaspora has a powerful influence on the global community where Indians constitute a diverse and a heterogeneous group that shares Indian origin and intrinsic values. Earlier migration was...

by | On 19 Jan 2016

Understanding Mandis: Market Towns and the Dynamics of India’s Rural and Urban Transformations

Our goal is to develop, over a period of time, a collaborative, multi-level and interdisciplinary project to generate and anchor a range of new research activities to help fill this gap. The idea is...

by | On 14 Jan 2016

Towards ‘Make in South Asia’ Theoretical Basis and Policy Responses for Evolving Regional Values Chains

The paper presents the theoretical canvass emphasising the need to adopt an integrated approach towards trade in goods, trade in services and investment in a regional framework. In this context, rules...

by Ram Upendra Das | On 09 Jan 2016

Gender, work and development in northwest Pakistan: working environments of Pakistani female development practitioners

The research identifies the development sector as a complex and often contested work environment. Many local residents perceive ‘development’ as an instrument of the ‘West’ for pursuing its interests,...

by Julia Grünenfelder | On 08 Jan 2016

India in the International Trade of Intermediates & Final Products – A Sector Level Study

International trade is redefined today in terms of trade in value added and global value chains. Most countries trade both in finished goods as well as intermediates. India, a less talked about countr...

by | On 07 Jan 2016

How Important are Exports and Foreign Direct Investment for Economic Growth in the People's Republic of China?

The global financial crisis and the recent growth slowdown in the People’s Republic of China (PRC) have led to questions about the sustainability of the PRC’s growth. The commonly used argument is tha...

by Yuqing Xing | On 07 Jan 2016

Towards 'Make in South Asia' Evolving Regional Values Chains

One of the most important ways in which several of the common developmental challenges in South Asia could be addressed is by focusing on manufacturing. This paper highlights insights from the status...

by Ram Das | On 02 Jan 2016

Trade in Value Added: An East Asian Perspective

This paper aims to provide a non-technical explanation of the concept of trade in value added, with particular reference to East Asia. The trade in value added approach allows us to redefine the relat...

by Satoshi Inomata | On 29 Dec 2015

Capital Structure, Ownership and Crisis: How Different Are Banks?

Employing data for 1992-2012, the article examines the factors affecting the capital structure of publicly listed Indian banks from a corporate finance perspective and compares the findings by exploit...

by Goutam Chatterjee | On 22 Dec 2015

Assessing Teacher Quality in India

Using administrative data from linked private schools from one of districts in India that matches 8,319 pupils to their subject specific teachers at the senior secondary level, we estimate the importa...

by Mehtabul Azam | On 18 Dec 2015

Big Data and International Development: Impacts, Scenarios and Policy Options

Many people are excited about data, particularly when those data are big. Big data, we are told, will be the fuel that drives the next industrial revolution, radically reshaping economic structures, e...

by | On 15 Dec 2015

An Assessment of BRAC`s Organizational Culture and Values Training

This paper aims to measure the changes in the type and depth of knowledge and understanding on sexual and reproductive health and gender issues, and how they obtained that knowledge. Secondly, changes...

by Md. Abdul Alim | On 11 Dec 2015

Human Rights and Asian Values

The thesis that Asian values are less supportive of freedom and more concerned with order than discipline than are Western values and that the claims of human rights in the areas of political and civi...

by Amartya Sen | On 10 Dec 2015

The Indian Insolvency Regime in Practice – An Analysis of Insolvency and Debt

This paper analyses 45 cases of insolvency and bankruptcy resolution in order to measure the efficiency and problems of the present laws for firm bankruptcy in India. These cases have been selected t...

by Aparna Ravi | On 25 Nov 2015

Fiscal Seigniorage “Laffer-curve effect” on Central Bank Autonomy in India

It is often emphasised that seigniorage financing of public sector deficits is technically a “free lunch” if the economy has not attained the full employment levels. However, conservative macroecono...

by Lekha S. Chakraborty | On 16 Nov 2015

The Operational Plan for Agriculture and Natural Resources: Promoting Sustainable Food Security in Asia and the Pacific in 2015–2020

Agriculture and food security should be viewed in the context of the broader economic transformation in Asia and the Pacific. In particular, the adoption of food security policies that address both im...

by Asian Development Bank Institute | On 10 Nov 2015

Pragmatic Pathways: Critical Perspectives on Research Uptake in the Global South

One of social science’s core roles is to inform evidence-based policy making and policy interventions that produce pro-poor outcomes. This paper explores prominent debates on research uptake and polic...

by | On 05 Nov 2015

Integrating SMEs into Global Value Chains: Challenges and Policy Actions in Asia

Globalized production networks, or global value chains, provide an opportunity for small and medium enterprises to upscale their business models and to grow across borders, though with global opportun...

by Asian Development Bank Institute | On 16 Oct 2015

India’s FTA with East Asia: Impact of India-Malaysia CECA on the Edible Oil Value Chain

This paper formulates an analytical framework to assess the impacts of India's Free Trade Agreements (FTAs) on commodity value chains. This paper views such methodology as reductionist, and instead of...

by | On 15 Oct 2015

Issues in the Analysis of Global Value Chains and Their Impact on Employment and Incomes in India

This paper deals with issues related to employment and income (decent work) that arise through the integration of Indian production into global value chains. The sectors looked into are labour-intensi...

by | On 12 Oct 2015

India Needs Rapid Manufacturing-LED Growth

The paper discusses India’s rapid services-led growth has always seemed rather fortuitous and unsustainable. For, both historical experience and economic reasoning lead us to expect growth at India’s...

by | On 01 Oct 2015

Present State of Goods and Services Tax (GST) Reform in India

There are several challenges before introduction of GST and these can be classified into two broad heads – a) GST Design and Structure related, and b) GST Administration and Institutional. On design r...

by Sacchidananda Mukherjee | On 24 Sep 2015

Developing Regional Value Chains in South Asian Leather Clusters: Issues, Options and an Indian Case

The possibility of developing regional production networks in specific sectors between nations of South Asia has been explored in this paper. The case of the leather and leather goods cluster in T...

by Keshab Das | On 11 Sep 2015

The Dismal State of the Social Sciences in Pakistan

The report measures the development of social sciences against several criteria, some of which are listed here: the number of Pakistani social scientists who have made internationally recognised contr...

by S. Akbar Zaidi | On 11 Sep 2015

Basel III Implementation- Challenges for Indian Banking System

In India, Basel III capital regulation has been implemented from April 1, 2013 in phases and it will be fully implemented as on March 31, 2019. Do we need Basel III for a country like India? What are...

by N.S. Viswanathan | On 08 Sep 2015

Strong Sustainable Growth for the Indian Economy

How is the RBI helping the government to create the conditions for a sustainable growth? Structural reforms will help strengthen this growth – two weeks ago, the Government announced Indradhanush, la...

by Raghuram G. Rajan | On 25 Aug 2015

Safety First

Global market is in a turmoil. How can India have a stable economy? There are no easy solutions but to play safe.

by T.N. Ninan | On 21 Aug 2015

The BPO Challenge: Leveraging Capabilities, Creating Opportunities

There may not be a single standard approach to developing the ICT-BPO sector, the successful experiences of developing countries can provide useful insights and practical lessons for countries contemp...

by Fatima Lourdes E. Del Prado | On 12 Aug 2015

IT Governance and IT Strategy: Board's Eye View

Banking in India and globally is undergoing and there are many challenges that are lying ahead. The basic underlying theme that runs through this changing landscape is the ever increasing reliance on...

by Harun R Khan | On 04 Aug 2015

Careful with Those Surveys

A survey's design determines its findings; understanding the logic behind measurement is key to interpretation.

by T.N. Ninan | On 01 Aug 2015

Future and New Thoughts on Co-operative Banks

The co-operative movement in India is more than a century old; regulation thereof is also more than a century old with the first major impetus provided by the passage of the Co-operative Society Act i...

by R. Gandhi | On 29 Jul 2015

The Sunday Edit: Textbooks and Governments

The burden of being politically correct has shackled social science writing for schools, and children’s literature too. When will we be able to recognize that the ‘politically incorrect may be educati...

by Anuradha Kumar | On 20 Jul 2015

Banking on Non-solutions

Can state owned banks revive Indian economy? Let's see what the managerial solutions to revive banks show us.

by T.N. Ninan | On 18 Jul 2015

Integrating South and Southeast Asia through Services Value Chain: The Case of India and Thailand

The objective of this paper is to understand the prospects of enhancing services trade, investment and co-operation between South and Southeast Asia, taking the example of India and Thailand, by focus...

by | On 13 Jul 2015

Financial Frauds-Prevention: A Question of Knowing Somebody

Banks and financial institutions are easy prey to fraudsters. As long as banks and financial institutions handle huge sums of money as financial intermediaries they will always be the target of ingeni...

by R. Gandhi | On 06 Jul 2015

Can Foreign Banks Contribute to Financial Inclusion?

If the entry of foreign banks results in a concentrated banking sector, as has been the case in several Central and Eastern European countries, then the goals of achieving financial inclusion are adve...

by Ramkishen S. Rajan | On 05 Jul 2015

Managing Rice Value Chain for Improved Food Security in Bangladesh

This Policy Brief utilizes the concept of value chain management as the basis of improving the competitive advantage of the rice sector for promoting food security in Bangladesh. For analyzing the is...

by | On 02 Jul 2015

Mainstreaming SMEs through Social Enterprises

Social enterprises (SEs) are crucial both for the development of small and medium enterprises (SMEs) and labor generation. The goal of SEs is to provide public goods to communities. In the Philippines...

by | On 29 Jun 2015

A Value Chain Approach to Measuring Distortions to Incentives and Food Policy Effects (with application to Pakistan’s grain policy)

An extended Nominal Rate of Assistance (NRA) methodology is used to disentangle the welfare impacts of policies for various interest groups along the value chain (to disaggregate effects within the “p...

by Elena Briones Alonso | On 02 Jun 2015

The Constitution (One Hundred and Fifteenth Amendment) Bill, 2011

This Bill is further amendment to the constitution on levy and collection of goods and service tax and trade in India. It provides the parliament with exclusive powers to make laws with respect to goo...

by Ministry of Finance | On 19 May 2015

GST Reforms and Intergovernmental Considerations in India

This paper reviews the replacement of the state sales taxes by the Value Added Tax in 2005 marked a significant step forward in the reform of domestic trade taxes in India. Implemented under the leade...

by | On 19 May 2015

Prospects of Asian Infrastructure Investment Bank

AIIB is expected to accelerate economic development and integration of Asia through the promotion of investment in the infrastructure sector. AIIB have several priority areas include transport, energy...

by Makmun Syadullah | On 03 Apr 2015

IMI Konnect Volume 4 Issue 2 - February 2015

The February 2015 issue of IMI Konnect (Volume 4, Issue 2) has the following articles - Reinventing India as an Innovation Nation? by Raghunath Anand Mashelkar; Understanding the Underpricing of IPOs...

by IMI Konnect | On 25 Mar 2015

IMI Konnect Volume 4 Issue 1 - January 2015

The January 2015 issue of IMI Konnect (Volume 4, Issue 1) contains the following articles - Does Monetary Policy Limit Lending Behaviour of Banks? by Samaresh Bardhan; Entrepreneurship Education in In...

by IMI Konnect | On 24 Mar 2015

IMI-Konnect, Volume 4, Issue 3

The March 2015 issue of IMI Konnect contains the following articles - “Perceptions on Financial Inclusion”, by Basabi Bhattacharya; “Does Innovation Lie in the Eyes of the Beholder?”, by Devjani Chatt...

by IMI Konnect | On 23 Mar 2015

Budget Speech of Maharashtra Part II

Speech by Finance Minister of Maharashtra.

by Sudhir Mungamtiwar | On 23 Mar 2015

Obituary - Meera Kosambi (1939 - 2015)

Uma Chakravarti reminisces about the historian and feminist scholar Dr Meera Kosambi who carved her own distinctive space within a legendary family.

by Uma Chakravarti | On 09 Mar 2015

Financial Inclusion: Need for Differentiation between Access and Use

With no financial capacity to save and invest, a dismal record of use of bank accounts and the severe lack of trust in the current model of using business correspondents, it is extremely difficult to...

by | On 16 Feb 2015

Book Review: Citizenship and Its Discontents: An Indian History

Review of Citizenship and Its Discontents: An Indian History. Cambridge: Harvard University Press, 2013. viii + 366 pp. $45.00 (cloth), ISBN 978-0-674-06684-7.

by Environmental Management & Policy Research Institute | On 09 Feb 2015

Role of Audit Committees in Financial Conglomerates

The speech tells us about the expectations of the regulators from the Audit Committees and highlight emerging trends in the regulatory/supervisory domain that should engage the minds of the Audit Comm...

by S.S. Mundra | On 21 Jan 2015

Corporate Sustainability a Panacea for Growth: Values, Convictions and Acrions

Can corporate sustainability aid growth, create value and actions on environmental protection? The answer can be positive. But at the same time, level of development of the country, poverty etc. also...

by G Padmanabhan | On 27 Oct 2014

Book Review: Ethnographies of Schooling in Contemporary India

Ethnographies of Schooling in Contemporary India explores the schooling experience in India today, and seeks to understand the impact of peer interaction in a variety of environments. Through the book...

by Maithreyi Krishnaraj | On 04 Sep 2014

Book Review - Between Love and Freedom: The Revolutionary in the Hindi Novel

Book Review - Between Love and Freedom: The Revolutionary in the Hindi Novel by Nikhil Govind, Routledge India; February 2014; pp 200; Rs. 432

by Sandeep Dubey | On 26 Jun 2014

The Market Valuation of Innovation: The Case of Indian Manufacturing

The relationship between market value and innovation in the context of manufacturing firms in India was analysed, using data for 2001-2010. In a milieu where most firms do not patent, the concern was...

by Sunil Kanwar | On 10 Jun 2014

Developmental Disability Index for Hill States in India

Tthe first objective of this study is to construct a cost disability index in provision of developmental infrastructure. The second objective is rooted in the poor state of developmental infrastructur...

by Ritu Pandey | On 20 May 2014

World Youth Report 2007 Young People’s Transition to Adulthood: Progress and Challenges

The Report highlights the unique aspects of youth development in various regions but emphasizes that young people the world over are ultimately constrained in their efforts to contribute to their own...

by United Nations UN | On 16 May 2014

Barnaparichay – a mall in progress, a street in transition

This paper examines the politics of the changing spatial order in Indian cities, post-liberalisation, with particular reference to College Street. The spatial reconstruction of College Street is large...

by Anurag Mazumdar | On 13 May 2014

Mobile Phones in Everyday Life of Mao Naga Youth: Mobile Cultures and Online Social Networking Practices of Mao, Manipur

Mobile phones have facilitated connectivity in the north eastern region of India in terms of Information and Communication technology (ICT). The convergence of Mobile phones and social networking site...

by Kaikho Paphro Chachei | On 13 May 2014

Measuring Value In Global Value Chains

This paper compares alternative ways of measuring participation of a country in Global Value Chains (GVCs) and estimates distribution of gains between countries in terms of Countries' shares in total...

by Rashmi Banga | On 10 Mar 2014

Global Value Chains And Development

Global trade in goods and services, which today amounts to more than $20 trillion, includes a significant amount of double counting. Raw material extracted in one country may be exported first to a se...

by United Nations Conference on Trade and Development | On 10 Mar 2014

The Governance Of Global Value Chains

This article builds a theoretical framework to help explain governance patterns in global value chains. It draws on three streams of literature – transaction costs economics, production networks, and...

by Gary Gereffi | On 10 Mar 2014

Banks Competition, Managerial Efficiency and the Interest Rate Pass-through in India.

If banks solve an inter-temporal problem under adverse selection and moral hazard, then bank specific factors, regulatory and supervisory features, market structure, and macroeconomic factors affect ...

by Jugnu Ansari | On 21 Feb 2014

When and Why does Bangladesh’s Inflation Differ from India’s?

India and Bangladesh share a common historical background, geographical proximity, institutional similarities, and a policy shift towards economic liberalization since the early 1990s. Inflation betw...

by Biru Paksha Paul | On 05 Dec 2013

Social Media and Elections

Social Media and search results can be readily manipulated which has remained unappreciated by the press and the general public. During time of elections, when the stakes are high, electoral candidate...

by Panagiotis Metaxas | On 06 Nov 2013

Changing Leadership in Computer and Information Services, Emergence of India as the Current World Leader in Computer and Information Services

The paper analyses the changing leadership in Computer and Information Services (CIS). Leadership is measured in terms of export shares. The leadership appears to have changed from United States of ...

by Sunil Mani | On 10 Oct 2013

Improving Public Financial Management in India: Opportunities to Move Forward

In recent years the role of a sound PFM system to achieve the objectives of fiscal discipline, strategic planning, and improved service delivery has been getting increasing public attention in India....

by Pratap Ranjan Jena | On 12 Sep 2013

Do Open Sewers Lead to a Reduction in Housing Prices? Evidence from Rawalpindi, Pakistan

The Hedonic property value method is used to estimate how a dismenity, bad odor from an open sewer system, affects housing prices in the city of Rawalpindi in Pakistan. An estimate of the benefits of...

by Mohammad Irfan | On 05 Sep 2013

Statement by Dr. Raghuram Rajan

Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release].

by Sabeeta Badkar | On 05 Sep 2013

Valuing the Damage Caused by Invasive Plant Species in a Low-income Community in Nepal

This paper presents a choice experiment designed to estimate the willingness-to-pay (WTP) of rural farmers to mitigate damages caused by invasive plant species, particularly Mikania micrantha, in the...

by Rajesh Kumar Rai | On 27 May 2013

Social Media and Lok Sabha Elections

A study finds that Facebook users may be the new vote bank Indian politicians have to now worry about.

by IRIS Knowledge Foundation IKF | On 12 Apr 2013

Indian Banking Sector: Pushing the Boundaries

Asset quality of banks has come under increasing pressure with rising NPAs and Restructured loans. The Gross NPA ratio for the banking system, which was 2.4% in March 2011, increased to 3.6 per cent b...

by Chakrabarty K C | On 07 Mar 2013

Nine years later…

Is the Finance Minister going to do a salvage operation? [BS week end ruminations].

by T.N. Ninan | On 27 Feb 2013

The Companies Bill, 2011: FIfty-Seventh Report

According to the Ministry of Corporate Affairs, most of the recommendations made by the Committee in their earlier Report (21st Report) on the Companies Bill, 2009 have been accepted by the Government...

by Lok Sabha Secretariat | On 12 Feb 2013

The New Great Walls: A New Guide to China's Overseas Dam Industry, Second Edition

Chinese hydropower companies and banks are now the largest dam builders in the world. Chinese banks have stepped in to fill the gap left by traditional dam funders such as the World Bank. The Chines...

by International Rivers Network IRN | On 15 Jan 2013

Contribution of the Unorganized Sector to GDP Report of the Sub Committee of a NCEUS Task Force

The task of the Sub-committee was to review the existing methodologies for estimating the contribution of unorganized/informal sector to GDP and suggest measures to facilitate direct estimation. The G...

by NCEUS NCEUS | On 06 Sep 2012

Mobile Financial Services in Bangladesh: An Overview of Market Development

The objective of this report is to share a market level overview of the early stage progress of (Mobile Financial Services) MFS in Bangladesh up through the first quarter of 2012. A series of short s...

by Bangladesh Bank BB | On 23 Aug 2012

Capital Market Bank Funding: (Not such a) Brave New World …

What degree the financial crisis and the resulting developments have impacted and will impact long-term, capital market bank funding. [DB research] URL:[http://www.dbresearch.com/PROD/DBR_INTERNET_EN-...

by Meta Zähres | On 23 Aug 2012

Agricultural Credit - Accomplishments and Challenges

Agriculture’s share in GDP is less than 15 per cent but it still remains the direct domain of over half of the population whose economic prospects are linked to the performance of agriculture. There a...

by Duvvuri Subbarao | On 03 Aug 2012

The Salween River Basin: Dam Cascades Threaten Biological and Cultural Diversity

F rom its headwaters in the Tibetan Plateau to its estuary in Burma, the Salween River supports over ten million people. For many decades, it was the longest free-flowing river in Southeast Asia. It...

by International Rivers Network IRN | On 17 Jul 2012

Reexamining the Finance–Growth Relationship for a Developing Economy: A Time Series Analysis of Post-reform India

The cross-country empirical literature on the finance-growth relationship has debated three propositions: (i) financial deepening has a strong impact on the growth process; (ii) measures of financia...

by Sabyasachi Kar | On 13 Jul 2012

Eat, Drink and be Healthy: A Paradigm Shift for Linking Food and Beverages Industry with People’s Knowledge and Institutions

The food and beverages industry has not yet established strong and vibrant linkages with the local communities to develop value added products and share the benefits. The paper lists seven models fo...

by Anil K Gupta | On 11 Jul 2012

Small Farmers in India: Challenges and Opportunities

This paper examines the roles and challenges of small holding agriculture in India. It covers trends in agricultural growth, cultivation patterns, participation of small holding agriculture, productiv...

by S. Mahendra Dev | On 06 Jul 2012

Income Related Inequality in Financial Inclusion and Role of Banks: Evidence on Financial Exclusion in India

This paper analyzes income related inequality in financial inclusion in India using a representative household level survey data, linked to State-level factors. This paper also provides estimates of...

by Rama Pal | On 27 Jun 2012

Asset Price Bubble and Banks: The Case of Japan

This paper analyses the behaviour of the Japanese banks at the outset of the asset price bubble in the late 1980s. The paper argues that with the advent of financial deregulations, the declining trend...

by Hossain Monzur | On 29 May 2012

The Impact of 1998 and 2008 Financial Crises on Profitability of Islamic Banks

The paper investigates the profitability of 78 Islamic banks in 25 countries for the period of 1992-2009. The Fixed Effect Model (FEM) used to analyse profitability shows that profit efficiency is pos...

by NOR HAYATI BT AHMAD | On 24 May 2012

How Much is a Life Worth? Examining the Risk-Wages Trade Off in Pakistan

Governments across the world use estimates of people’s willingness to pay for a reduction in the probability of death and injury to develop a wide range of environmental, industrial and developmenta...

by South Asian Network for Development SANDEE | On 21 May 2012

Studying India's Plurality

Book note on Cultural Pluralism: The Indian Scenario Edited by S.A. Azeez Saheb, B Francis Kulirani, K.K. Mishra. Gyan Publishing, New Delhi, 2012.

by Rudolf C. Heredia | On 30 Apr 2012

Measuring and Explaining the Asymmetry of Liquidity

This paper examines transactions costs in buying versus selling using a large database of snapshots of the limit order book. On the equity spot market, there is clear evidence of asymmetry in liquid...

by Rajat Tayal | On 19 Apr 2012

Asia’s Wicked Environmental Problems

The developing economies of Asia are confronted by serious environmental problems that threaten to undermine future growth, food security, and regional stability. This study considers four major envir...

by Stephen Howes | On 06 Mar 2012

Economics of Mango Cultivation

The paper is based on "Commodity Specific Study on Mango" undertaken by NABARD in the states of Andhra Pradesh, Maharashtra and West Bengal. For the study, A total sample of 186 respondents was sele...

by G.D. Banerjee | On 17 Feb 2012

Comparing the Technical Efficiency of Indian Banks Operating Abroad and Foreign Banks Operating in India: A Stochastic Output Distance Function Approach

The aim of this paper is to compare the technical efficiency of Indian Banks operating abroad and foreign banks operating in India and to investigate the effect of openness of the country, ownership...

by Vivek Kumar | On 08 Feb 2012

Bank Lending and Monetary Shocks: Evidence from a Developing Economy

This paper investigates the role of credit market frictions in the transmission of monetary shocks in Pakistan. First, using macro data, it is shown that banking spreads are countercyclical, even it i...

by M. Ali Choudhary | On 08 Feb 2012

How is Financial Regulation Different for Micro- Finance?

What is the role of financial regulation in the field of micro- finance? This paper identifi es two features of micro- finance which call for unique treatment in policy considerations as compared...

by M Sahoo | On 03 Feb 2012

Intentions vs. Implementation of Philippine Economic Reforms Under Aquino, 1986-92

This paper explains the gaps between official objectives and the actual accomplishments of the Aquino government, with an emphasis on the implementation record of agricultural-based strategies. Summar...

by V. Bruce J Tolentino | On 30 Jan 2012

Diviya Kapur, and An Unusual Bookshop in Goa

Lawyer Diviya Kapur chose to trade her education at the prestigious National Law School of India University (Bangalore) with running a bookshop in Goa, India. Her ideas resulted in Literati, an innova...

by Frederick Noronha | On 25 Jan 2012

Building World Class Businesses for the Long Term

This report identifies some of the factors complicating the debate on role of the company in society. It focuses particularly on the changing models of ownership and differing time horizons and on how...

by Gillian Lee | On 23 Jan 2012

Banks, Policy and Risks

This paper assesses the sources of risk for Indian banks in the context of their history, structure, level of development, and policy environment and draws out implications for global and domestic pol...

by Ashima Goyal | On 18 Jan 2012

State Focus Paper 2012-13: Karnataka

The State Focus Paper (SFP) consolidates the PLPs of all the 30 districts and highlights the potential for flow of credit to various sectors in agriculture and rural development. The credit potential...

by National Bank for Agriculture and Rural Devt NABARD | On 06 Jan 2012

Inter-connectedness of Banks and NBFCs in India: Issues and Policy Implications

The recent global financial crisis (2007-09) has clearly highlighted the gravity of high financial inter-connectedness within the financial system. In the Indian context, this brief study attempts to...

by Karunagaran A | On 05 Jan 2012

The Unseen Skills of the Dalit Population

Review of the book Post-Hindu India: A Discourse on Dalit-Bahujan, Socio-Spiritual and Scientific Revolution, Kancha Ilaiah SAGE India, New Delhi 2009, Rs 295/-, pp 340.

by Vaijayanta Anand | On 03 Jan 2012

Strengthening Banking Regulation: Amending the BSP Charter

This Policy Brief discusses the proposed amendments to Republic Act No. 7653 (RA 7653). The first part briefly presents the mandate of the Bangko Sentral ng Pilipinas (BSP). It then describes the fi...

by Senate Economic Planning Office SEPO | On 29 Dec 2011

Monetary Neutrality in the Nepalese Economy during 1975-2008

One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes...

by Mukesh Khanal | On 16 Dec 2011

The Welfare Impacts of Leasehold Forestry in Nepal

The study analyzes the role of the leasehold forestry (LHF) program in improving household welfare in Nepal. Both the time saved in biomass collection and the addition to income through increases in b...

by Bishnu Prasad Sharma | On 15 Dec 2011

Consumption Taxes: Their Ramifications for Income Distribution

The distribution effects or incidence of consumption taxes such as the Value Added Tax (VAT), Goods and Services Tax (GST) remains a contentious issue. Three aspects have to be distinguished. First is...

by Parthasarathi Shome | On 13 Dec 2011

Estimating the Value of Statistical Life in Pakistan

The study estimates the Value of Statistical Life and Limb in Pakistan based on the compensating wage differential among blue-collar industrial workers in the city of Lahore. The data for this study...

by Mohammad Rafi | On 07 Dec 2011

How Are Markets Made?

The purpose of this paper is to analyze the making of markets. The paper identifies two ideal-typical processes in which markets are made – organized making and spontaneous making – which are often...

by Patrik Aspers | On 29 Nov 2011

"Ramanujan's Essay Depicts Multiplicity of Views Through Many Ramayanas."

The deletion of Three Hundred Ramayanas from B.A. History course of Delhi University. Professor Biswamoy Pati of History Department of D.U. calls this intolerance a dangerous trend. Video interview o...

by Jyotsna Singh | On 02 Nov 2011

Teaching How to Bridge Neuroscience, Society, and Culture

In most universities, sharp disciplinary and departmental divisions continue to this day and have regrettably translated into the life sciences being taught with scarce attention to their historical a...

by Giovanni Frazzetto | On 31 Oct 2011

Discount Rate for Health Benefits and the Value of Life in India

This study contributes to the literature by estimating discount rate for environmental health benefits and value of statistical life of workers in India. The discount rate is imputed from wage-risk...

by K. R. Shanmugam | On 19 Oct 2011

Recent Global Crisis and the Demand for Gold by Central Banks: An Analytical Perspective

When India purchased 200 tonnes of gold under the International Monetary Fund's limited gold sales programme, it was interpreted inter alia that it may further inflate the gold price when the price...

by Karunagaran A | On 17 Oct 2011

Loan-to-Value Ratio as a Macro-Prudential Tool: Hong Kong's Experience and Cross-Country Evidence

This study assesses the effectiveness and drawbacks of maximum loan-to-value (LTV) ratios as a macroprudential tool based on Hong Kong’s experience and econometric analyses of panel data from 13 eco...

by Eric Wong | On 03 Oct 2011

Valuing the Recreational Uses of Pakistan’s Wetlands: An Application of the Travel Cost Method

This study applies a single-site truncated count data travel cost model in order to estimate the value visitors place on recreation in Keenjhar. The recreational use value associated with Keenjhar...

by Ali Dehlavi | On 27 Sep 2011

Monetary Policy Dilemmas: Some RBI Perspectives

Over the last decade, the profile of central banks has gone up. First, we had the Great Moderation - a period of extraordinary benign macroeconomic environment globally, characterized by steady growth...

by Duvvuri Subbarao | On 27 Sep 2011

The New Great Walls: A Guide to China's Overseas Dam Industry

The purpose of this guide is to support groups addressing the impacts of dams built by Chinese companies and financiers. The guide is intended for use by non-governmental organizations (NGOs) and in...

by International Rivers Network IRN | On 19 Sep 2011

Report of the Expert Committee on Licensing New Urban Co-operative Banks

With a view to increasing the coverage of banking services amongst local communities, it was proposed in the Annual Policy Statement for the year 2010-11 to set up a Committee comprising of all stakeh...

by Reserve Bank of India RBI | On 15 Sep 2011

Working Group on the Issues and Concerns in the NBFC Sector: Report and Recommendations

The Working Group was constituted to review the existing regulatory and supervisory framework of non-banking finance companies (NBFCs) with special focus on the risks in the sector. The approach adopt...

by Reserve Bank of India RBI | On 30 Aug 2011

Infrastructure Investment and Regional Economic Growth: A Case Study of Maharashtra

The study initially reviews the infrastructure facilities for the 33 districts of Maharashtra for one year i.e.1999-2000. Using this, the extent of disparities between these regions is found. Further...

by A M Swaminathan | On 29 Aug 2011

Institutional Innovations and Models in the Development of Agro-Food Industries in India: Strengths, Weaknesses and Lessons

Agro-industries are given high priority in India particularly because of their great potential for contributing to development. The emphasis on village-based agro-industries was introduced almost a...

by Vasant P Gandhi | On 29 Aug 2011

Policy Dilemmas in India: The Impact of Changes in Agricultural Prices on Rural and Urban Poverty

Trade policy reforms which lead to changes in world prices of agricultural commodities or domestic policies aimed at affecting agricultural prices are often seen as causing a policy dilemma: a fall...

by Sandra Polaski | On 26 Aug 2011

Technology in Banking- In Pursuit of Excellence

The contribution of technology to the Indian banking industry, the role played by IDRBT and the significance of banking technology awards, in fostering the technological developments of banks. Issues...

by Anand Sinha | On 23 Aug 2011

High-Value Agriculture in India: Past Trends and Future Prospects

Given the declining share of traditional agricultural commodities in production, consumption and trade, horticulture and other non-traditional high-value agriculture represent an important area of p...

by Vijay Paul Sharma | On 09 Aug 2011

In the Shadow: Illegal Markets and Economic Sociology

Illegal markets differ from legal markets in many respects. Although illegal markets have economic significance and are of theoretical importance, they have been largely ignored by economic sociology....

by Jens Beckert | On 05 Aug 2011

Efficiency and Productivity Growth in Indian Banking

This paper attempts to examine technical efficiency and productivity performance of Indian scheduled commercial banks, for the period 1979-2008. A model is constructed using multiple output/multiple i...

by S S Rajan | On 03 Aug 2011

The Digital Society: New Ways to More Transparency, Participation and Innovation

The study makes specific recommendations for decisionmakers in industry, society and politics on how to handle new network technologies. URL:[http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD...

by Thomas F Dapp | On 02 Aug 2011

Consultation Paper on Mobile Value Added Services

TRAI has initiated this consultation paper suo-motu focusing on future looking regulatory framework for provisioning of Mobile Value Added Services. URL:[http://www.trai.gov.in/WriteReadData/trai/uplo...

by Telecom Regulatory Authority of India (TRAI) | On 26 Jul 2011

On Researching Organisations

Review of Anthropologists Inside Organisations: South Asian Case Studies Edited by Devi Sridhar, Sage India , New Delhi; 2008, 184 pp., Rs 585.

by Dhanwanti Nayak | On 12 Jul 2011

Improving Reading Skills by Encouraging Children to Read: A Randomized Evaluation of the Sa Aklat Sisikat Reading Program in the Philippines

An evaluation of a program that aims to improve children’s reading skills by providing classes with age‐appropriate reading material and incentivizing children to read through a 31 day readR...

by Ama Baafra Abeberese | On 12 Jul 2011

Mutual Funds and Market Development in India

A brief description of the role of Mutual Funds in money markets and government securities makets are provided. Some of the regulatory issues that arise are discussed. The role of Mutual Funds in fina...

by Subir Gokarn | On 08 Jul 2011

Non-financial Reporting – What, Why and How - Indian Perspective

The importance of non-financial reporting in the overall assessment of a company's performance, its risk-return trade off is steadily gaining ground, both globally and in India. [Address by Dr K. C...

by Chakrabarty K C | On 10 Jun 2011

Social Change and Development: A Journal of OKD Institute of Social Change and Development

This journal by OKD Institute of Social Change and Development contains different articles, papers, book reviews on social change and development.

by OKD Institute of Social Change and Development | On 12 May 2011

Half Yearly Monetary and Financial Stability Report (March 2011)

The Hong Kong economy grew strongly in the second half of 2010. The unemployment rate has now dipped below the trend rate of the past 10 years and the momentum of rising consumer prices has picked...

by Hong Kong Monetary Authority | On 04 May 2011

Banking Laws Amendment Bill

The government introduced a bill in the Lok Sabha on Tuesday that seeks to align voting rights in private banks with shareholding, enhance the central bank’s regulatory powers over banks and give grea...

by Economic Times ET | On 23 Mar 2011

Banking and Beyond: New Challenges before Indian Financial System

A very basic and core issue for the Indian banking system and that is the challenge of achieving Financial Inclusion. Without being inclusive, financial and economic stability cannot be sustainable. F...

by Chakrabarty K C | On 17 Mar 2011

Budget 2011-12, Punjab

Budget speech by Finance minister. URL:[http://punjabgovt.nic.in/departments/Budget/budget/budget.htm].

by Government of Punjab | On 16 Mar 2011

Future Role of Foreign Banks in Asia

Although the Asian Crisis has brought consensus on the necessity of strong domestic financial systems, there is less agreement as to the role of foreign banks in achieving the goals of economic grow...

by Heather Montgomery | On 10 Mar 2011

Profitability of Foreign Banks vis-à-vis Other Bank Groups in India – A Panel Data Analysis

The paper analysed the financial performance of foreign banks in comparison with other bank groups in India. The study assumes importance in the context of the on-going preparation of roadmap for th...

by P B Rakhe | On 22 Feb 2011

Infrastructure and Asia’s Trade Costs

Infrastructure services play a significant role in trade costs by reducing distribution margins, lowering prices, and raising consumer welfare. They also lower transaction costs, add value, and inc...

by Douglas H. Brooks | On 11 Feb 2011

Singapore's Exchange Rate-Based Monetary Policy: A Critical Evaluation

The exchange rate-based monetary policy followed by the Monetary Authority of Singapore (MAS) is outlined. Possible theoretical frameworks, including a reaction function is outlined. The way the MAS h...

by Partha Sen | On 31 Jan 2011

Book Reviews: Common Origins, Divergent Paths

Philip Oldenburg. India, Pakistan, and Democracy: Solving the Puzzle of Divergent Paths. Milton Park, Abingdon, Oxon: Routledge, 2010. x + 273 pp. $145.00 (cloth), $39.95 (paper). [H-Net Review]

by Sumit Ganguly | On 30 Jan 2011

On the Economics of Regional Powers: Comparing China, India, Brazil, and South Africa

As the conception of and debates on regional powers have been led by political science, this paper aims to contribute to the discussion from an economics perspective. Based on the discussion of differ...

by Robert KAppel | On 28 Jan 2011

Presence of Foreign Banks in India

This discussion paper on the form of presence of foreign banks in India has been prepared taking into account, inter-alia, the lessons learnt from the recent global financial crisis and the practice...

by Reserve Bank of India | On 26 Jan 2011

Globalization, Production and Poverty

The impact of globalization on poverty is a matter of keen debate but empirical work in this area has been dominated by cross-country regressions. This paper attempts to link the more macro impact...

by Rhys Jenkins | On 23 Dec 2010

Thailand’s Commercial Banks’ Role in Financing Dams in Laos and the Case for Sustainable Banking

This paper puts forward the case for Thailand’s commercial banks to move towards more sustainable banking practices that proactively contribute towards socially and environmentally sustainable and j...

by Carl Middleton | On 25 Nov 2010

Globalization and Regional Income Inequality: Evidence from within China

China’s recent accession to the WTO is expected to accelerate its integration into the world economy, which aggravates concerns over the impact of globalization on the already rising inter-region in...

by Guanghua Wan | On 16 Nov 2010

Monetary Policy Strategies in the Asia and Pacific Region: What Way Forward?

Monetary policy frameworks in the Asia and Pacific region have performed well in the past decade as judged by inflation outcomes. We argue that this is due to three principal factors: (i) central bank...

by Andrew Filardo | On 08 Nov 2010

Linking Asia’s Trade, Logistics, and Infrastructure

Infrastructure services, from both hard and soft infrastructure, play a vital role in facilitating Asia’s export-led growth by keeping the prices of delivered goods in export markets competitive. Ef...

by Douglas H. Brooks | On 28 Oct 2010

Government Structure and Labour Market Outcomes in Garment Embellishment Chains

The perspective of global commodity chain or GCC framework and social embeddedness are used to understand the organizational and social linkages in the embellishment production network in garment i...

by Jeemol Unni | On 21 Oct 2010

Mekong Mainstream Dams: Threatening Southeast Asia's Food Security

The Mekong is under threat. The governments of Cambodia, Laos, and Thailand are considering plans to build eleven big hydropower dams on the Mekong River’s lower mainstream. If built, these dams wou...

by International Rivers Network IRN | On 19 Oct 2010

Comparative Risk Aversion When the Outcomes are Vectors

Pratt (1964) and Yaari (1969) contain the classical results pertaining to the equivalence of various notions of comparative risk aversion of von Neumann- Morgenstern utilities in the setting with re...

by Sudhir A. Shah | On 27 Sep 2010

Social Protection is Centuries-Old!

In spite of continued growth, millions of Ugandans remain in long-term, extreme poverty. They are also likely to continue being by-passed by the opportunities that economic growth offers, mostly to th...

by John De Coninck | On 24 Sep 2010

International Outsourcing Hurdles in Value-added Services

International Outsourcing has been traditionally looked upon as a low end cost effective servicing option to take advantage of the cost arbitrage that exists across countries. Of late, many outsourcin...

by Arindam Banerjee | On 15 Jul 2010

Provoking Thought, Changing Talk: Discussing Inequality

This occasional publication series is part of the Social Equity and Opportunity Forum in the Dean’s Office of the College of Urban and Public Affairs. Directed by Janet Hammer, Ph.D., the Forum emph...

by Joseph Grady | On 10 Jun 2010

IIMA in HealthCare Management: Abstract of Publications (2000-2010)

This working paper is a compilation of the abstracts of all our publications in the last 10 years, which include 40 referred journal articles, 54 Working Papers, 19 Chapters in Books and 18 Case Stu...

by KV. Ramani | On 07 Jun 2010

State Aid and Competition in Banking: The Case of China in the Late Nineties

A reduced form model where banks can pursue other goals than profit maximization is presented. This allows us to test for behavioral changes of banks over time. This model provides a framework to e...

by Xiaoqiang Cheng | On 23 Feb 2010

Post-Independence Educational Development among Women in India

This paper aims to examine the policy debates on women's education and highlight some of the basic issues affecting the progress of women's education since the introduction of planned development in...

by Balaji Pandey | On 08 Feb 2010

Third Quarter Review of Monetary Policy 2009-10

The Reserve Bank has pursued an accommodative monetary policy beginning mid-September 2008 in order to mitigate the adverse impact of the global financial crisis on the Indian economy. The measures ta...

by D Subbarao | On 29 Jan 2010

Microfinance and the Millennium Development Goals in Pakistan: Impact Assessment Using Propensity Score Matching

Using data from a survey of clients of a microfinance bank, Khushhali Bank, in 2005, the study revisited the survey data and found that despite the Bank’s strict poverty-targeting program used in cl...

by Sununtar Setboonsarng | On 25 Jan 2010

Measures of Inflation in India: Issues and Perspectives

A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI. Focus is also given on different secondary (derived) measures of inflation, par...

by Deepak Mohanty | On 21 Jan 2010

Mobile Commerce, Mobile Banking - The Emerging Paradigm

What is m-banking, Basic characteristics of m-commerce/e-commerce, Evolution of electronic financial services (e-banking/e-commerce/m-banking/m-commerce), Role of non-banks in Indian Payment Scenario....

by Chakrabarty K C | On 14 Dec 2009

GenNext Banking: Issues and Perspectives

The speech covers the macro setting for GenNext banking by way of discussing the demographic composition of India’s population and the nexus between low dependency ratio and saving. It also provides...

by Chakrabarty K C | On 30 Nov 2009

Valuing the Land of Tigers – What Indian Visitors are Willing to Pay

The study uses an assessment of visitors’ travel costs to estimate the annual recreational value of the Sundarban. It calculates this to be at least INR 15 million (US$ 377,000) for domestic visitor...

by Indrila Guha | On 27 Nov 2009

Low Income Shelter Financing in Slum Upgrading: India Urban Initiatives

This report summarises findings from the USAID-sponsored project on models of financing for slum upgrading in India, undertaken on behalf of SPARC,a Mumbai-based NGO involved in slum upgrading and th...

by Sally Merrill | On 19 Nov 2009

Combining Data, Enhancing Explanation

In this paper the author analyzes the pros and cons of combining data from different sources to revisit some explanatory problems. The problems discussed have risen from a theoretical and analytic g...

by Sarah Irwin | On 18 Nov 2009

Second Quarter Review of Monetary Policy 2009 -10

The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been...

by D Subbarao | On 27 Oct 2009

Size, Efficiency and Financial Reforms in Indian Banking

The study seeks to answer two very basic questions in the Indian context: first, are there economies of scale and scope in Indian banking? In other words, are bigger banks better for India? And, se...

by Pradeep Srivastava | On 23 Sep 2009

Ethics and the World of Finance

How do we, as individuals, approach issues of ethics and values? Are our approaches different in our personal and professional lives? Are issues of ethics different in the financial sector? What are t...

by Duvvuri Subbarao | On 02 Sep 2009

Aggregate Productivity Growth in Indian Manufacturing: An Application of Domar Aggregation

An attempt is made to compute the aggregate productivity growth using the Domar aggregation technique. Building up from the Total Factor Productivity Growth (TFPG) estimates for 3-digit industries, we...

by Deb Kusum Das | On 12 Aug 2009

Technology, Financial Inclusion and Role of Urban Cooperative Banks

The focus should be to simplify the technology which can operate on any platform. The technology solution to the business needs should be user-friendly without much third-party or IT vendor interventi...

by Chakrabarty K C | On 11 Aug 2009

A Model of Market Clearing Exchange Rates

This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought...

by Rajas Parchure | On 06 Aug 2009

Book Review: Handicraft History in India

Politics of Patronage and Protest: The State, Society, and Artisans in Early Modern Rajasthan by Nandita Prasad Sahai, Oxford University Press, 2006; 304 pp, $35.00 (cloth), ISBN978-0-19-567896...

by Tirthankar Roy | On 23 Jul 2009

Hong Kong's Banks During the Financial Crisis

Despite the negative impact of the current crisis and many remaining uncertainties about the actual economic recovery path, the medium-term outlook for Hong Kong’s banks remains favourable.

by Robert Mülhaupt | On 15 Jul 2009

Financialization of Capital - Deterioration of Working Conditions

This paper addresses the issue of establishing a regulatory regime along the production, supply and value chains of multinational corporations in terms of setting labor standards and protecting worker...

by Fichter Michael | On 08 Jul 2009

Reserve Bank of India Statistics Day- Governor's Inaugural Address

The third Annual Statistics Day Conference of the Reserve Bank. It has now become a tradition for to mark the Statistics Day as a tribute to late Professor P.C. Mahalanobis and his colossal contributi...

by D Subbarao | On 02 Jul 2009

Cheery Children, Growing Girls, and Developing Young Adults: On Reading, Growing, and Hopscotching Across Categories

This paper is about hopscotching, and in turn jumps over many disciplinary categories, from literature to gender studies to development studies. At one level this is the voice of the interdisciplinary...

by Barnita Bagchi | On 29 May 2009

Contribution of the Unorganised sector to GDP Report of the Sub Committee of a NCEUS Task Force

The task of the Sub-committee was to review the existing methodologies for estimating the contribution of unorganised/informal sector to GDP and suggest measures to facilitate direct estimation. The G...

by NCEUS NCEUS | On 28 May 2009

Risk Management Lessons from the Global Financial Crisis

During the global financial turmoil of 2007 and 2008, no major derivative clearing house in the world encountered distress while many banks were pushed to the brink and beyond. An important reason for...

by Jayanth R Varma | On 26 May 2009

Information Technology and Banking – A Continuing Agenda

Speech is about the role of IT in the Indian financial sector [Keynote address at the Banking Technology Awards 2008 of the Institute for Development & Research in Banking Technology, Hyderabad].

by D Subbarao | On 25 May 2009

Measurement of Employment And Unemployment in India : Some Issues

This paper offers a review of the concepts and definitions used in the NSS Employment-Unemployment Surveys (EUS, for short) which have remained virtually unchanged since they were introduced in the NS...

by K. Sundaram | On 15 May 2009

The Asian “Noodle Bowl”:Is It Serious for Business?

A lively debate is taking place over the impact of free trade agreements (FTAs) on East Asia's business between those who view the agreements as a harmful Asian "noodle bowl"—i.e., overlapping regiona...

by Masahiro Kawai | On 13 May 2009

Impact of the Global Financial Crisis on India Collateral Damage and Response

The impact of economic crisis on India has been analysed in the speech. [Speech delivered at the Symposium on 'The Global Economic Crisis and Challenges for the Asian Economy in a Changing World'].

by Duvvuri Subbarao | On 24 Feb 2009

Micro, Small and Medium Enterprises in India: Unfair Trade

This paper attempts a critical review of the performance and policy concerning the micro, small and medium enterprises (MSMEs) in globalizing India since the early 1990s whence economic reforms were...

by Keshab Das | On 02 Jan 2009

Contemporary International and Domestic Banking Developments and the Emerging Challenges

A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector, lessons learnt from it, the var...

by Leeladhar V | On 25 Nov 2008

Developing a ‘Vertical’ Dimension to Chronic Poverty Research: Some Lessons from Global Value Chain Analysis

This paper aims at developing an explicit ‘vertical’ dimension to chronic poverty research that focuses on ‘adverse incorporation and social exclusion’ (AISE). an effort is made here to sensitise lite...

by Stefano Ponte | On 31 Oct 2008

Financial Inclusion and Information Technology

Today banks have centralised operations, more and more banks and branches are moving to CBS , network based computing, new delivery channels such as networked ATMs, internet banking, smart card based...

by Usha Thorat | On 16 Sep 2008

Informal Values and Formal Policies:A study of Japanese Technology Policy and Significance for India

The main objective of this paper is to analyse some aspects of Japanese policy in the post World War-II period and understand how the various informal institutions (shared mental models) have influen...

by Saradindu Bhaduri | On 02 Sep 2008

The Indian Banking Industry – A Retrospect of Select Aspects

A broad overview of the achievements and progress made by the Indian banking sector in the last two decades and the emerging frontiers of the Indian banking system, in the post-reform era. [Address d...

by Leeladhar V | On 11 Aug 2008

Banking Sector Reforms and Equity a Sub-Regional Analysis in Andhra Pradesh

In this study an attempt is made to examine the equity aspect due to reforms in the banking sector at sub-regional level in the state of Andhra Pradesh covering the period 1985 to 2004. [CESS WP 68]...

by K S Reddy | On 04 Aug 2008

Book Review: Inside the Indian Family

Review of: Democracy in the Family: Insights from India. Edited by Joy Deshmukh-Randive Sage Publications. New Delhi 2008.

by Tulsi Patel | On 26 May 2008

Introducing the Railway Budget 2008-2009

Speech of Lalu Prasad

by Lalu Prasad | On 27 Feb 2008

Public Private Partnership in Drinking Water Supply of Greater Mumbai

Demand for drinking water is continuously increasing over the period of time in Mumbai city but the supply is stagnant. The State government of Maharashtra and Brihanmumbai Corporation (BMC) does not...

by Sanjay Rode | On 12 Feb 2008

Speech of the Finance Minister at the Annual Economic Editors’ Conference

Shows how the macro economic variables of Indian Economy are performing.

by P Chidambaram | On 11 Feb 2008

Bancassurance : A Feasible Strategy for Banks in India ?

The scope for bancassurance models as feasible source of sustainable income to banking sector is explored by exploiting the synergy in the context of India having the largest banking network on the on...

by Karunagaran A | On 27 Nov 2007

Monetary Conditions Index for India

The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stanc...

by Kannan R | On 08 Nov 2007

Customer Centricity and the Reserve Bank

The Reserve Bank, as the regulator of the banking sector, has been actively engaged, from the very beginning, in the review, examination and evaluation of customer service in the banks. It has been re...

by Leeladhar V | On 26 Oct 2007

A Review of Trends in Banking Indicators in North Eastern Region of India

The rapid growth in banking indicators in the North Eastern region of India following nationalisation of 14 major banks in 1969 and another six in 1980 based on social banking was sustained or not are...

by Amarendra Sahoo | On 16 Oct 2007

Recent Financial Market Developments and Implications for Monetary Policy

The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and charac...

by Rakesh Mohan | On 12 Oct 2007

Report of the Working Group on Preparing Guidelines for Access to Payment Systems

The Reserve Bank had constituted an internal working group to review the existing access criteria and suggest changes that may be adopted for access to Payment and Settlement Systems. The Group has pr...

by Reserve Bank of India | On 05 Oct 2007

The Indian Economic Journal, January 2007

CHIUNG-JU HUANG : Wagner's Law : Empirical Evidence for China and Taiwan CHIAO-YI CHANG, CHING-FU CHEN AND I-YUAN CHUANG : Does Asian Financial Crisis Change Price Co-Movements in East Asia. G. RAM...

by Department of Economics DoE, Allahabad University | On 01 Oct 2007

The Value of Biodiversity in India’s Forests

This paper attempts to value the biodiversity functions of India’s natural ecosystems and suggest a method to adjust national (GDP) and state income (GSDP) accounts. The main objectives of this stud...

by Haripriya Gundimeda | On 26 Aug 2007

Essays: Monetary Policy: Satisfy China’s Demand for Money

A talk with Nobel economics laureate Robert Mundell on how Beijing can keep the yuan’s value fixed and still avoid inflation. China’s high balance of payments surplus and pressure on the yuan could be...

by Hugo Restall | On 04 Aug 2007

Offshoring in a Ricardian World

Falling costs of coordination and communication have allowed firms in rich countries to fragment their production process and offshore an increasing share of the value chain to low-wage countries. Thi...

by Andrés Rodríguez-Clare | On 05 Jul 2007

Reading Sraffa: The Philosophical Underpinnings of Production of Commodities by Means of Commodities

It is argued that that both the Sraffians’ interpretation based on the classical notion of centre of gravitation as well as the neoclassical interpretation based on the supposedly implicit assumption...

by Ajit Sinha | On 26 Jun 2007

Agrarian Scenario in Post-reform India:A Story of Distress, Despair and Death

Indian agriculture today is under a large crisis. An average farmer- household’s returns from cultivation would be around one thousand rupees per month. The state of the vast majority of small and mar...

by Srijit Mishra | On 22 Jun 2007

Productivity and Efficiency at Public and Private Sector Banks in India

A comparison between PSBs and their private sector counterparts based on measures of efficiency and productivity that use quantities of outputs and inputs. Efficiency measures a firm’s performance rel...

by TT Ram Mohan | On 04 Jun 2007

Ethics in Organizations: The Case of Tata Steel

The concern for ethical decision-making among the regulators, social groups and managers has substantially increased since failure of some of the prominent business organizations like Shell and Enron...

by Sunil Kumar Maheshwari | On 30 May 2007

Book Review: Towards a Relevant Social Science

Review of: Alternative Discourses in Asian Social Science: Responses to Eurocentricism by Syed Farid Alatas; Sage Publications, New Delhi.

by Vedapushpa | On 08 May 2007

Post-Autistic Economics Review : No. 41, March 2007

- What would post-autistic trade policy be? Alan Goodacre (UK) On the need for a heterodox health economics : Robert McMaster (University of Aberdeen, UK) - True cost environment...

by PAER Post Autistic Economic Review | On 17 Apr 2007

Book Review: Economists on the Couch

Review of 'Inside the Economist’s Mind: Conversations with Eminent Economists' Edited by Paul Samuelson and William A. Barnett No review can do adequate justice to the embarrassment of riches in th...

by Anand Chandavarkar | On 05 Mar 2007

Banking Sector Developments in India, 1980-2005: What the Annual Accounts Speak?

Banking sector in India is currently passing through an exciting and challenging phase. The reform measures have brought about sweeping changes in this vital sector of the country's economy. This pa...

by Ramasastri A.S. | On 10 Jan 2007

Food Retailing, Supermarkets and Food Security: Highlights from Latin America

The importance of supermarkets in the world food economy has increased radically since the early 1990s. They are now major sellers and buyers of food items not only in developed but also in developin...

by Mehmet Arda | On 27 Dec 2006

Ethics in Social Science Research: Reflections from a Student of Economics

If poverty and nutrition are issues also of social justice and the commitment that a democratic state makes to its citizens (namely, ridding the country of hunger and malnutrition and also of ensuring...

by Padmini Swaminathan | On 19 Jul 2006

Ethics in Social Science Research: A Note for Discussion

Some questions relevant in the context of ethics in social science research are: Does social science have peculiarities which are masked by discussions on science at large? Given the need for objectiv...

by Sudarshan Iyengar | On 19 Jul 2006

The Value of Timber, Carbon, Fuelwood,and Non-Timber Forest Products in India's Forests

Accounting for forest wealth is an important ingredient in creating a framework for analysing policy trade-offs. This study describes forestry-related stocks and flows in terms of land area (under fo...

by Haripriya Gundimeda | On 15 May 2006

Mirrors of Value? Advertising and Political Theatre in the Hegemonic Construction of Women in India

'Fair and Lovely’ fairness cream (FAL) advertisements and plays by Jana Natya Manch (Janam) are cultural representations that make particular claims about Indian women’s value and what they value. For...

by Dia Mohan | On 01 Apr 2006

Social Capital, Diversity and (Economic) DEvelopment: Evidence from Indian IT Industry, Bangalore

This paper addresses two sets of questions related to IT development and lessons to be drawn for other regions both in and outside India. Firstly, based on original fieldwork an additional argument t...

by Florian A. Taube | On 19 Jan 2006

The Mystery of China’s Sinking Stocks

The article exposes the shortcomings of China’s stock markets and examines the failed attempts by the government to introduce meaningful stock-market reform. China has largely avoided major policy blu...

by Weijian Shan | On 07 Jan 2006

Gandhi’s Economic Thought and Modern Economic Development: Some Reflections

A fresh wave of globalisation since the early 1990s has created both hope and despair. Failure of state has reaffirmed faith in market based institutions. Expansion in trade across national borders an...

by Sudarshan Iyengar | On 07 Dec 2005

Social Science Knowledge And Its Evaluation

DISCOURSE OF BOOK REVIEWS Are there universal principles of evaluating knowledge claims? The paper situates the practice of book reviewing in the normative context. Based on a personal experince , it...

by Paramjit S Judge | On 28 Aug 2005