The study investigates volatility in the stock markets of India and Canada using daily closing price data for the period from January 2002 to July 2009. Various volatility and diagnostic tests suggest certain stylized facts about volatility like volatility clustering and mean reverting behavior....

Surat is situated at the mouth of the river Tapi where it meets the Arabian Sea and has for centuries been a flood-affected area. The most recent floods however, were different because of the magnitude of their effect. Nearly 90 per cent of the households were affected; six of the seven wards of...