This paper deals with the evolving scenario in the Korean peninsula in the wake of the Summit between Kim Jong Un and Donald Trump in Singapore on June 12, 2018. The paper surveys the core foreign policy concerns of USA and North Korea on Korean Peninsula affairs, profiles the principal players...

In recent times, some initiatives to liberalize the financial sector have been taken; some more measures need to be taken. In this monograph, the author discusses several measures to make the financial sector improve the economic performance of the country. These liberalization measures must bo...

Since the economic reforms were launched in 1991, the annual budget of the Union Government has assumed a special aura - as a key signal about the direction of economic policy - or more precisely, as a barometer for liberalization. Earlier budgets presented by Manmohan Singh and P. Chidambaram...

The package of economic reforms initiated by the new PV Narashima Rao government, is likely to generate a strong tendency towards dispersal of power. However, whether this tendency will grow and mature, will depend upon what supportive reforms, both political and economic, are taken by the...

The new economic policy was introduced in 1991. A short review of the changes it has effected in foreign collaborations, foreign trade and public sector divestment is given. This is contrasted with the QR (Quantitative Restrictions) policy formerly adopted by India for 40 years. This enables one...

Presence of externalities can be significant in the developing economies, which have been able to augment aggregate economic growth in response to policy reforms. The empirical results of this paper based on firm level panel data for 12 Indian industries indicate presence of external economies...

The paper provides a taxonomy of corrupt activities in terms of the source of illegal rent involved. It identifies two types of deterrent policies: discouraging and monitoring. Using these as tools, it analyses the probable effects of India's ongoing reforms and of her resourceful information...

Both economic reforms and sustainability have come to the fore at the same time in recent years. In fact, they are contradictory to each other as also their underlying principles conflict with each other. For instance, economic reforms advocate faster rates of growth while sustainability pleads...