Services trade has assumed considerable importance for the Indian economy and the role of IT and IT-enabled services (ITES) is particularly worth mentioning in this context. The growth of this sector has not only helped to improve our current account balance, but also generated income and...

In order to ensure smooth flow of funds for the development of infrastructure in rural India, Rural Infrastructure Development Fund (RIDF) was introduced in the budget of 1995-1996. The RBI governs this fund through NABARD with corpus from the commercial banks. This paper is an attempt to...

There is a growing literature on the issue of corruption. In particular, there is a large body of work that looks at policy instruments relating to punishment, incentive or monitoring schemes for the control of crime. In this context this paper considers, within a game theoretic framework, the...

The beginning of the year 2002 has seen some concrete reform measures concerning the state- level public sector enterprises (PSEs) in Karnataka. One of the interesting features of this new initiative is to identify enterprises for privatisation not through the measurement of profit but on the...

This study examines the foundry industry of Howrah, West Bengal which is currently characterized by low-technology based production coupled with an attempt to undercut market price via compromises in quality. This is in contrast to the policies of similar foundry industries located in the...

Macroeconomic instability, characterised by high inflation, a fragile foreign exchange position, high rates of interest, increases uncertainty for any investor or producer and hence slows down economic growth. While this is generally accepted, the usual perception about the agricultural sector,...

In the wake of the public sector reform programme, performance of public sector units in terms of profitability has become a highly debated issue in India, where major arguments given for inefficiency of public enterprises are over employment and lack of managerial autonomy. However, there is...

This paper is an attempt to link the problem of non-repayment in the formal credit market with the accessibility to credit from informal sources. In many developing countries a well established network of informal lenders continues to prevail in spite of various formal lending programmes...

The issue of non-performing assets (NPA), the root cause of the recent global financial crisis, has been drawing the attention of the policy makers and academicians alike. The problem of NPAs, which was ignored till recently,has been given considerable attention after liberalisation of the...

This paper examines the technical efficiency, technological gap ratio (TGR) and productivity change of Indian pharmaceutical firms across different groups. The groups are formed based on their size, strategies and product varieties. The study indicates that vertically integrated firms that...