Five examples of leadership which provides an insight into how selfless individuals with expert knowledge and determination succeed in contributing to societal development are narrated. [Address at the Launching of the Post-Centenary Golden Jubilee Celebrations of University of Mumbai, Mumbai].

This paper examines the effect of U.S. food aid on conflict in recipient countries (these include Asian countries like Afghanistan, Sri Lanka). To establish a causal relationship, time variation in food aid is exploited which is caused by fluctuations in U.S. wheat production together with...

The financial crisis of 2007-09 began as a local problem in the mortgage finance market in the United States and Europe but, within months, escalated into a general global financial crisis, resulting in collapsing investment not just in developed nations but also in Shanghai, Rio and Mumbai, and...

The swine flu has come to India also. What measures have been taken by the government to fight against the pandemic?

From the early 1990s, India embarked on easing capital controls. Liberalization emphasised openness towards equity flows, both FDI and portfolio flows. In particular, there are few barriers in the face of portfolio equity flows. In recent years, a massive increase in the value of foreign...