This paper reviews the rice procurement operations of the Government of India from the standpoints of cost of procurement as well as effectiveness in supporting farmers' incomes. The two channels used for procuring rice are custom-milling of rice and levy. In the first, the government buys paddy...

This paper examines the issue of international synchronization of cycles. Using spectral methods we analyze the pattern of co-movement (coherences) of growth rate cycles between countries across frequency bands and overtime. We also examine the lead-lag structure (phase shifts) of country cycles...

This paper examines the nexus between domestic and foreign financial markets viz. Indian and U.S. money markets, equity markets and the common market for currency. We estimate volatility, spillovers-both in returns and in volatility, and cross-correlations in a multivariate framework for the...

We present a model in which the media endorses the character of office-seeking candidates as a means to promote its own ideological agenda. In equilibrium, political parties completely pander to the elite-controlled media under moderate ideological conflict between voters and the elite. Larger...

We study the innovation, efficiency and productivity response to intellectual property (IP) reform vis-à-vis manufacturing industry in India. Studying the response of IP-sensitive industries relative to a control group of IP-insensitive industries, and using the fact that the IP reform was...

Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices. Widespread criticism of these indices led to the adoption of a new official methodology in 2011 based on unit values from con- sumption survey data. We propose an alternative...

We use unit-level data from the registered manufacturing segment of the Third and Fourth rounds of the Indian Micro, Small and Medium Enterprises (MSME) census data for 2001-2 and 2006-7 respectively, to understand the changes in involvement and dynamics not only of Dalits (officially, Scheduled...

The effects of a unilateral cut in emissions (e.g. by Annexure 1 countries in Kyoto) are analyzed in a dynamic two-country two-commodity model. If the fossil fuel is priced at marginal cost, a unilateral cut reduces total emissions (the carbon leakage is less than one hundred percent). But if...

The Delhi Metro (DM) is an electric based mass rapid transit system serving the National Capital Region of India. It is also the world’s first rail project to earn carbon credits under the Clean Development Mechanism of the United Nations Framework Convention on Climate Change for reductions...